Thai police seize $12.3m of assets and cash

Police in Thailand have confiscated $12.3m in assets and cash allegedly tied to an online gambling syndicate.

The syndicate supposedly runs an illegal gambling operation across the country, operating three automated gambling websites with over 50,000 users.

According to Thailand’s Public Broadcast Service, officers conducted raids across 10 of the country’s provinces, detaining over 40 suspected criminal operators.

A total of 52 locations were supposedly searched, uncovering a scaled and sophisticated operation, so say local law officers.

Gambling is illegal in Thailand; however, there have been recent calls to amend the country’s Gambling Act and legalise both land-based and online gambling in the country.

Politicians submitted a draft amendment to legalise gambling this May, in the hope of stopping the frequency and extensiveness of illegal gambling operations across Thailand.

Furthermore, July saw politicians submit a parliamentary decree calling for casino resorts to be introduced in Thailand.

It is believed the country’s National Assembly is currently considering this proposal.

Source: https://www.gamblinginsider.com/news/18312/asia-round-up-thai-cops-confiscation-suncity-trial-unravels-resorts-world-sentosa