Hong Kong World Cup Gambling

Hong Kong World Cup Gambling

In this photo taken in June 9, 2014, stacks of cash and other items seized are displayed after the police launched an operation with counterparts in mainland China to smash a cross-border illegal gambling syndicate days before the start of the World Cup finals in Brazil. As teams battle for glory at football’s biggest event, the biggest winners may be Asia’s illegal bookmakers, who are thriving because demand from sports fans to place bets is surging but legal options are few. Government monopoly operators offer legal sports betting in a handful of Asian jurisdictions but there are thousands more black market operators. Asia accounts for just over half of the nearly $700 billion in illegal bets placed worldwide each year, according to a sports monitoring group. (AP Photo)

In this photo taken in June 9, 2014, stacks of cash and other items seized are displayed after the police launched an operation with counterparts in mainland China to smash a cross-border illegal gambling syndicate days before the start of the World Cup finals in Brazil. As teams battle for glory at football’s biggest event, the biggest winners may be Asia’s illegal bookmakers, who are thriving because demand from sports fans to place bets is surging but legal options are few. Government monopoly operators offer legal sports betting in a handful of Asian jurisdictions but there are thousands more black market operators. Asia accounts for just over half of the nearly $700 billion in illegal bets placed worldwide each year, according to a sports monitoring group. (AP Photo)

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