This week a major online gambling ring operating out of Istanbul, Turkey was broken up by law enforcement officials following a five month investigation and resulting in the arrests of 39 people.
The raids took place in 20 different cities and saw a large number of people taken into custody, as well as £6 million in cash and other evidence seized by police. It is thought that property seized in Turkey was worth $780 million in Turkey. Related raids also took place in Cyprus, with £150 million in assets seized there.
It is thought that the ring was generating more than $100 million per month in wagers, making the group a major online betting ring. The ring is thought to have been run by Scott William Masterson, who runs a UK gaming supply firm.
The ring is one of the largest we've ever seen broken up, and there will no doubt be waves felt throughout the industry. Casino Listings will update this story as more developments arise.