Poker Pro arrested in illegal online sports betting
Poker Pro Paul Phua is one of eight who are charged with organising illegal online sports betting in Las Vegas during the World Cup. Following a police investigation which authorities say involved tens of millions of dollars with some transactions in Las Vegas apparently conducted over the international website SBOBet.
The illegal online gambling ring was said to have used suites at the Caesars Palace resort in Las Vegas as their hub with wifi and telephone lines specially installed to run the business.
Phua must post $2 million cash bail, wear a GPS monitoring device & put up his $48 million private Gulfstream jet as collateral, among other conditions, a federal judge ruled before releasing him.
The arrests happened on Sunday during the final of the World Cup with raids organised by the FBI and the Nevada Gaming Board of Control.
U.S. Attorney Daniel Bogden told the court that the Las Vegas operation began shortly after Phua left Macau, where he had been arrested on June 18 & posted bail on similar allegations of illegal wagering on World Cup soccer games. Bogden claimed that Phua, who is a Malaysian, is a high-ranking member of the 14K Triad, an organized crime group.
None of those arrested who have appeared in court have entered a plea and the next court appearance has yet to be set.