Law enforcement officials in Taiwan reportedly busted an underground online sportsbetting operation last week that was allegedly providing its services to local and Chinese punters with a primary focus on European football matches.
According to a report from the state-owned Central News Agency, the Asian nation’s Criminal Investigation Bureau raided four locations in Taichung City on Wednesday and arrested 33 individuals while also seizing computers, mobile telephones, China UnionPay bank cards and more than $16,500 in cash.
The Central News Agency reported that the illegal online sportsbetting operation, which had been masterminded by an individual with the surname of “Tseng”, was alleged to have had handled wagers totaling some $11.3 million at an average rate of aro…