Paul Phua’s legal woes still haunting him in Macau

Malaysian online poker and sports betting whale Wei Seng ‘Paul’ Phua is still caught in a bind in connection with an illegal sports betting operation bust in 2014. Macau Business reported that neither Phua nor any of the 14 other defendants, appeared during the hearing. If convicted, Phua could serve three years in prison. However, with a whale as big as Phua, putting him in jail is a very remote possibility.
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CalvinAyreNews
ls.pngIt takes less time to do things right
than to explain why you did it wrong.rs.png
—Henry Wadsworth Longfellow
13th February 2019
CalvinAyre Newsletter
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INVITE FRIENDS
Paul Phua’s illegal online sports betting trial underway in Macau
It ain’t over just yet

The Story

Malaysian online poker and sports betting whale Wei Seng ‘Paul’ Phua is still caught in a bind in connection with an illegal sports betting operation bust in 2014. Macau Business reported that neither Phua nor any of the 14 other defendants appeared during the hearing. If convicted, Phua could serve three years in prison. However, with a whale as big as Phua, putting him in jail is a very remote possibility.

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RAFI’S MARKET
Penn’s buying spree is at odds with its stated debt reduction aims

Penn’s buying spree is at odds with its stated debt reduction aims

CalvinAyre.com’s Rafi Farber scrutinized Penn Gaming’s stocks and warned that the company stock’s long-term chart shows that it is anything but stable.

Read More
THE MOUTHPIECE
G, what’s coming next?

G, what’s coming next?

In his latest column, lawyer Martin Owens explored the technological and legal implications of the emerging 5G technology in the gaming industry.

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FROM COINGEEK.COM
Scammers stealing crypto with fake IDs: report

Scammers stealing crypto with fake IDs: report

Hackers are getting more creative in pursuing their unlawful activities, as they are now using photographic ID and verification images to steal crypto from exchanges.

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GLOBAL ROUND UP
ASIA
CASINO
Osaka officials predict 25 million visitors a year to its IR
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EUROPE
BUSINESS
NetEnt says game-win down after Sweden regulated market launch
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BUSINESS
Swedes overwhelmingly support reining in gambling advertising
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NORTH AMERICA
BUSINESS
Maryland gambles on a sports betting bill
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BUSINESS
Missouri to consider regulating video lottery machines
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PRESS RELEASE

Playtech BGT Sports signs long-term sportsbook extension with Codere

The extension of the contract between Playtech’s BGT Sports and Codere covers its retail presence and online facilities in Spain, Mexico, Panama, and Colombia.

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SHOUT OUT
Congratulations to Michael Hudson for winning the World Series of Poker Circuit $1700 buy-in Main Event at Potawatomi Events Center! The 32-year-old player from Illinois defeated 667 entrants to win the $207,159 first prize.
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