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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Search Search: HK man jailed after losing Chinese Internet bet: state media AFP - 2 hours 25 minutes ago BEIJING (AFP) - - A Hong Kong man has been jailed for eight years in China for running the nation's biggest online gambling racket which hauled in more than 1.25 billion dollars in bets, according to state media. Tam Chi-Wai employed more than 3,000 people to run his illegal websites and perform other duties such as hiding the profits in clean bank accounts, Xinhua news agency said, citing the High Court in southwest China's Yunnan province. The court upheld an eight-year sentence handed down by a lower court in June, and fined him 20 million yuan (1.9 million dollars), Xinhua reported, without saying when the final judgement was delivered. Tam's online gambling network earned more than 278 million yuan from about 8.68 billion yuan in bets before it was busted, making it the biggest such racket detected in China, Xinhua said. He began his empire nearly 10 years ago in Myanmar, which borders Yunnan and where many Chinese go to bet in casinos as gambling is illegal in China. Tam then started developing his Internet gambling network in China with servers based in various southern Chinese cities. He oversaw many websites, with one alone attracting 5,198 registered users between August 2006 and March last year, Xinhua said, without giving further details about other sites or the types of betting. No other information was given about Tam. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Internet Portals & Search Engines HK man jailed after losing Chinese Internet bet: state mediaAFP - 2 hours 25 minutes ago Obama campaign e-mobilizes for the futureAFP - Thursday, November 20 PC Magazine dropping print for onlineAFP - Thursday, November 20 NVIDIA brings supercomputing to the desktopAFP - Thursday, November 20 Related Articles: Technology HK man jailed after losing Chinese Internet bet: state mediaAFP - 2 hours 25 minutes ago Obama campaign e-mobilizes for the futureAFP - Thursday, November 20 PC Magazine dropping print for onlineAFP - Thursday, November 20 NVIDIA brings supercomputing to the desktopAFP - Thursday, November 20 Iran blocks access to over five million websites: reportAFP - Thursday, November 20 Enlarge Photo A Hong Kong man has been jailed for eight years in China for running the nation's biggest online gambling racket which hauled in more than 1.25 billion dollars in bets, according to state media. Tam Chi-Wai employed more than 3,000 people to run his illegal websites and perform other duties such as hiding the profits in clean bank accounts. Related Photos Slideshow Full Photo Coverage: Internet Portals & Search Engines Related Full Coverage Internet Portals & Search Engines Latest development in the online world All Full Coverage Most Popular – Technology Viewed Obama girls visit their future White House home US economy faces 'catastrophic collapse' without auto bailout: GM Saudi super-tanker taken to Somali pirate lair Exercise, sleep cuts cancer risk: study Citigroup to slash 50,000 jobs, expenses worldwide View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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