• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Thursday 7 August 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

2021: Japan IR – Crunch time part 2

Nomura: Strong VIP volumes at Marina Bay Sands bodes well for Genting Singapore’s own hotel upgrade decision

Thu 24 Jul 2025 at 14:24
Dr Wilfred Wong

The Londoner Macao shows benefits of multi-billion-dollar revamp as 2Q25 performance pushes Sands China revenues to US$1.79 billion

Thu 24 Jul 2025 at 05:17
Inside Thai IRs

Las Vegas Sands’ Patrick Dumont says Thailand needs “regulatory clarity, long-term vision” to fulfil entertainment complex ambitions

Fri 18 Jul 2025 at 06:02
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
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 – Better late than never

Editorial – Better late than never

by Ben Blaschke
Thu 31 Jul 2025 at 07:13

Inside Asian Gaming has in recent weeks been hearing increasing chatter around a possible move by Vietnamese authorities to introduce...

Angel’s Yasushi Shigeta

Angel’s Yasushi Shigeta

by Ben Blaschke
Thu 31 Jul 2025 at 07:08

Yasushi Shigeta, Chairman and owner of one of the world’s largest gaming industry suppliers, Angel Group, sits down with Inside...

The Magic Number

The Magic Number

by David Bonnet
Thu 31 Jul 2025 at 06:41

In this in-depth deep dive into the evolution of the Asian gaming landscape, David Bonnet argues that many regional jurisdictions...

Rashid Suliman – A road well traveled

Rashid Suliman – A road well traveled

by Ben Blaschke
Thu 31 Jul 2025 at 02:45

Rashid Suliman, Vice President of Global Gaming Asia-Pacific for casino solutions provider TransAct Technologies, provides some insight into his unique...

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

Related Posts

Light & Wonder to pursue sole ASX listing, complete delisting from NASDAQ by end of November

Light & Wonder to pursue sole ASX listing, complete delisting from NASDAQ by end of November

by Ben Blaschke
Thu 7 Aug 2025 at 05:57

The Board of Directors of global gaming supplier Light & Wonder has approved a sole primary listing on the Australian Securities Exchange (ASX), with the company to delist from the US NASDAQ by the end of November. The decision to...

Payment technologies help Crane Co profits surge 377% in 2Q21

Crane NXT profit down as payments arm CPI reveals lower sales volumes in 2Q25

by Newsdesk
Thu 7 Aug 2025 at 05:45

Global currency and payments technology company Crane NXT reported a 9.1% year-on-year increase in net sales to US$404.4 million in 2Q25, although operating profit fell by 29.1% to US$47.9 million in part due to a challenging quarter for payments arm...

Light & Wonder reports lower revenue of US$809 million in 2Q25 on Asian market caution, lower costs boost profit

Light & Wonder reports lower revenue of US$809 million in 2Q25 on Asian market caution, lower costs boost profit

by Ben Blaschke
Thu 7 Aug 2025 at 05:17

Light & Wonder reported a slight 1% decrease in revenue to US$809 million in the three months to 30 June 2025, citing lower game sales due to the impact of macroeconomic uncertainty which led to more cautious purchasing behavior and...

The 2022 Asian Gaming Power 50

South Korea to trial visa-free entry for Chinese group tourists from 29 September

by Pierce Chan
Wed 6 Aug 2025 at 19:03

The South Korean government plans to trial a visa-free entry policy for Chinese group tourists from 29 September 2025 to 30 June 2026. According to a report by Yonhap News Agency, South Korean Prime Minister Kim Min-seok mentioned the plan...

Your browser does not support the video tag.


IAG

© 2005-2025
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

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • English