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Expert Wants Esports to Embrace Gambling

Team of Teenage Gamers Play in Multiplayer PC Video Game on a esport Tournament Because esports events are streamed for free on channels such as Twitch, they are ideal for gambling. Everybody can watch the events and, in the process, they will want to get in on the action and place bets on the outcome of the event, whether pre-game or in-play. Over the past couple of years, many gambling companies have added esports to their offerings, but they have been primarily direct outcome betting markets and not very diverse. This is now starting to change as the appetite for betting on these events is growing. With sports betting being so lucrative and esports aiming to take down traditional sports in reach, it is only natural that esports betting will become more and more popular.

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Crackdown on Hong Kong triad-controlled gambling dens and prostitution leads to 48 arrests as Thunderbolt 18 operation ends

They were being held for questioning. In Hong Kong, operating a gambling establishment carries a maximum penalty of seven years in jail and a HK$5 million fine. Gambling in an illegal establishment carries a maximum penalty of nine months in jail and a HK$30,000 fine. Separately, 26 female visitors from mainland China were rounded up in an anti-vice operation jointly mounted by police and immigration officers in Yau Ma Tei on Tuesday. The women were arrested in brothels and hotel rooms on Temple Street, Shanghai Street, Portland Street, Reclamation Street, Jordan Road and Nathan Road when the raids began at about 4pm on Tuesday. The raids in North Point and Yau Ma Tei were part of a three-month operation code-named “Thunderbolt 18”, which ended on Wednesday. Secret Hong Kong triad command centre with CCTV smashed In the first two months of the operation, police arrested more than 3,000 people , seized HK$220 million in betting records, illicit goods and illegal drugs, and closed down more than 3,000 illegal gambling dens, drug distribution centres, vice establishments and unlicensed pubs across the city. The operation was carried out in tandem with an annual cross-border “clean-up” against organised crime syndicates and triad activities and was led by police from the city, Guangdong province and Macau . Police gang operation nets about HK$20 million in cash and drugs On the first day of the operation, officers from the Organised Crime and Triad Bureau arrested two elderly sisters suspected of running a prostitution ring out of their Mid-Levels home. Police seized HK$10 million in cash inside the flat.

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