Thailand Military Coup Provokes Mini Casino Boom in Cambodia

Thailand Military Coup Provokes Mini Casino Boom in Cambodia

The Poipet Strip: nine casinos that are small a gambling no-man’s-land between the Cambodian and Thai passport control counters. (Image: scbsme.com)

While last month’s armed forces coup in Thailand, which toppled the democratically elected government, may be considered a cause for concern to the community that is international it’s reportedly been a huge boon to the small Cambodian gambling town of Poipet, just throughout the border. Poipet has always been a destination that is popular the folks of Thailand, where gambling on anything other than domestic horseracing and the national lottery is illegal, despite a general enthusiasm among the population.

But, the latest junta that is military authoritarian crackdown on illegal gambling enterprises and gambling dens in Thailand is directing the former customers of the regrettable establishments eagerly towards the table games of Poipet.

Cambodia it self has a (loosely enforced) no-gambling policy but, fortunately for everybody involved, Poipet’s casino strip, which contains nine smallish casinos, is cunningly situated in a type of gambling no-man’s-land between your Cambodian and Thai passport control counters.

Military Shut Down of Illegal Gambling

The influx remains something of a surprise to the Poipet operators, however, because in the days following the coup they stated that the number of visitors to the city had fallen considerably. At the beginning of June Continue reading “Thailand Military Coup Provokes Mini Casino Boom in Cambodia”

INTERPOL Swoops Down in Illegal Gambling Crackdown

INTERPOL Swoops Down in Illegal Gambling Crackdown

INTERPOL chief Jean Michelle Louboutin says massive earnings lay behind the cross-continental illegal gambling crackdown.

INTERPOL has announced the arrests of 1,400 people across East Asia; the outcome of a campaign that is six-week split up illegal gambling networks in the area. The operation, code-named Operation SOGA V, had been a effort that is joint police force from China, Hong Kong, Macau, Malaysia, Singapore and Vietnam, and coordinated by INTERPOL, and saw the seizure of almost $12 million.

Prohibited gambling is rife in East Asia, and bets put through the gambling syndicates, which are generally controlled by organized crime, dwarf the European that is legal and American gambling markets many times over. That it could be around $450 billion because it is clandestine and unregulated, it’s difficult to place a figure in how much the market is actually worth, but Foreign Policy magazine recently estimated.

It’s also believed that $140 billion in dirty money is laundered through industry each year. INTERPOL said this week that the organizations split up in the latest raid were estimated to possess managed around $2.2 billion worth of bets, most of those through illegal online gambling sites.

‘ The results of this operation that is latest SOGA are significant with regards to the volume of bets being handled by these illegal gambling dens, along with the number of arrests,’ stated Jean-Michel Louboutin, INTERPOL’s exe Continue reading “INTERPOL Swoops Down in Illegal Gambling Crackdown”