• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Thursday 17 July 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
No Result
View All Result

Member of illegal insurance bet syndicate jailed in Singapore

Newsdesk by Newsdesk
Fri 2 Sep 2011 at 03:53
5
SHARES
132
VIEWS
Print Friendly, PDF & Email

CHANNEL NEWSASIA

A member of a syndicate that offered illegal private bets for baccarat games at Marina Bay Sands (MBS) in Singapore has been sentenced to six months’ jail and fined S$60,000.

Between March and June, Goh Boon Kwang offered insurance bets to gamblers in room 302 at the resort’s Paiza Club—a facility for high rollers.

Deputy Public Prosecutor (DPP) Ruth Wong said insurance bets were common as a hedge against losing bets in certain casino table games. Such bets were legal provided they were allowed by the jurisdiction, authorised by the casino and that the appropriate tax had been levied on the bet. The bets in this case were a private arrangement where the casino and the taxman were left out of the deal and only the unauthorised organisers stood to benefit.

Forty-three-year-old Goh, who used to operate a reflexology business but is now jobless, pleaded guilty to two of five charges against him.

He is the second member of the syndicate to be dealt with in court for the offence. One of his accomplices, a 26-year-old known only as ‘Ricki’, an Indonesian odd-job labourer, was sentenced to four months’ jail and fined S$50,000 in July.

Two other alleged accomplices have already been charged in court and their cases are still pending. They are 48-year-old Lee Chin Chuan and an alleged runner, Ang Keng Peng.

DPP Wong said that Lee had a VIP membership at the casino and in March, it’s believed he decided to offer the illegal side bets to make some money. Based on court documents, Goh had spotted Lee offering the bets to players and approached him as he wanted to be part of the plan.

The prosecution said that Goh would get up to S$200 per bet if the player using the insurance bet was actually successful on his main bet. Goh had to bear the cost if the gambler lost on his main bet.

It’s believed Lee involved three other men, including ‘Ricki’ and Ang, to work for him, and he allegedly agreed to pay each of these runners up to S$150 a day.

DPP Wong said that by allegedly offering these insurance bets, Lee made a profit of about S$30,000. Goh made S$6,000 by acting as a bookmaker.

Goh, Lee and ‘Ricki’ were arrested at the MBS casino in a raid on 14th June when the authorities seized items from them including cash totalling more than S$72,000.

RelatedPosts

Veiled message for Thailand as Singapore’s Prime Minister hails visionary “risk” leaders took in approving casino development

Veiled message for Thailand as Singapore’s Prime Minister hails visionary “risk” leaders took in approving casino development

Thu 17 Jul 2025 at 06:06
Marina Bay Sands said to be seeking US$9 billion loan facility for expansion, largest in Singapore history

Marina Bay Sands breaks ground on massive US$8 billion expansion project

Wed 16 Jul 2025 at 06:04
Marina Bay Sands optimizes manpower with deployment of 12 autonomous robots for back-of-house deliveries

Marina Bay Sands optimizes manpower with deployment of 12 autonomous robots for back-of-house deliveries

Wed 18 Jun 2025 at 14:40
Marina Bay Sands completes transformation of entire hotel room inventory

Marina Bay Sands completes transformation of entire hotel room inventory

Tue 13 May 2025 at 10:47
Load More
Tags: jailMarina Bay SandsPaiza Clubsyndicate
Share2Share
Newsdesk

Newsdesk

The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

Current Issue

Editorial – An inconvenient truth

Editorial – An inconvenient truth

by Ben Blaschke
Fri 27 Jun 2025 at 15:21

It’s understandable that political observers, academics and members of the public in greenfield jurisdictions would express caution around the legalization...

Light & Wonder’s Siobhan Lane

Light & Wonder’s Siobhan Lane

by Ben Blaschke
Fri 27 Jun 2025 at 15:19

Siobhan Lane, Light & Wonder’s highly experienced CEO of Gaming, speaks to Inside Asian Gaming about the company’s ongoing transformation...

Honesty is the best policy

Honesty is the best policy

by Ben Blaschke
Fri 27 Jun 2025 at 14:13

The Thailand Entertainment Complex Roundtable brought industry stakeholders, politicians and supporters of the government’s Entertainment Complex Bill face to face...

Sri Lanka’s casino industry

Sri Lanka’s casino industry

by Shaun McCamley
Fri 27 Jun 2025 at 13:36

Industry veteran Shaun McCamley delves into the complex history of Sri Lanka’s casino industry at a time when the country...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
Jumbo
568Win

Related Posts

Macau GGR comes in at MOP$18.9 billion in April, up 1.7% year-on-year

Macau VIP baccarat up almost 23% year-on-year to US$2 billion in June 2025 quarter

by Ben Blaschke
Thu 17 Jul 2025 at 07:04

Gross gaming revenue (GGR) generated by Macau’s VIP baccarat segment showed significant improvement in the second quarter, rising by 22.7% year-on-year to MOP$16.3 billion (US$2.02 billion). It was also 12.9% higher than in the March 2025 quarter, according to information...

Editorial – Land of sunshine

DigiPlus warns of consequences in banning online gaming as shares suffer another big fall

by Ben Blaschke
Thu 17 Jul 2025 at 06:43

On the same day as its shares suffered their second-biggest single day fall, leading Philippines gaming technology firm DigiPlus Interactive Corp has warned that a total ban on online gaming operations in the country would do little to alleviate concerns...

Veiled message for Thailand as Singapore’s Prime Minister hails visionary “risk” leaders took in approving casino development

Veiled message for Thailand as Singapore’s Prime Minister hails visionary “risk” leaders took in approving casino development

by Ben Blaschke
Thu 17 Jul 2025 at 06:06

Singapore Prime Minister Lawrence Wong has expressed his belief that the best is yet to come for Singapore with the US$8 billion expansion of Marina Bay Sands (MBS), but admitted that making the decision 20 years ago to develop large-scale...

Philippine gambling operators now required to run all advertisements by Ad Standards Council before airing under new PAGCOR MoU

Philippine gambling operators now required to run all advertisements by Ad Standards Council before airing under new PAGCOR MoU

by Newsdesk
Wed 16 Jul 2025 at 19:10

The Philippines’ Ad Standards Council (ASC) will require all gambling-related advertisements for corporate operators to be viewed and approved before being screened or published under a Memorandum of Understanding signed with gaming regulator PAGCOR on Wednesday. The MoU adds gambling...



IAG

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • English