Italian Police Seize €8 Million from Illegal Betting

Police from the southern Italian city of Potenza seized homes and assets worth €8 million across Italy in an illegal betting operation involving a ring, investigators said on Wednesday. Two people have been placed under house arrest and another seven ordered not to leave town.

The police operation dubbed ‘game over’ reportedly uncovered a criminal gang which used rigged slot machines and computer games. The nine people involved in the investigation are charged with controlling illegal gambling and betting enterprises as well as money laundering.

The gambling and betting joints across the southern Basilicata region allegedly offered customers rigged online slots and poker game machines where players had only one chance in 7,000 to win a game, as one of the managers said in a tapped phone conversation cited by investigators. The illegal betting parlous earned the network’s manager alone up to €150,000 a day.

The criminal ring allegedly included managers in charge of revenues of over one million euros a day, which were used to fund local casinos with illegal slots machines and computers for video poker games, with servers based in eastern Europe and Florida in the US. Police said 50% of revenues went to the gambling joints, 10% to managers overseeing the gambling ‘districts’ and 40% to the ring’s chiefs.

A number of players lost up to one million euros, police said, including a local entrepreneur who had to close his business. You can read more at Gazzetta del Sud.