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Malaysia Sees Increased Sportsbetting Busts

Police in Malaysia announced that they had seen a large increase in sportsbetting busts throughout the Asian country as the Euro 2012 football tournament took place last month in the Ukraine.

Authorities reported that they conducted nearly 150 raids throughout the country in May and June along with officials from Macau, Hong Kong, Singapore, and China. Suspects from five different betting syndicates were involved in the raids which saw more than 49 million ringgit ($16 million USD) wagered on the Euro 2012 tournament.

Speaking about his country's attempts to stop the illegal wagering, Malaysia Crime Investigation Chief Bakri Zinin said: "Sharing of information is the key to nabbing these syndicates, and FIFA is monitoring our operations against these bookies."

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