March 02, 2010

Serbian police arrests two in first-ever raid on internet betting

Serbian police said Wednesday that they arrested two men suspected of running an unregistered internet betting site. The arrests are the first-ever in connection with online betting and lottery, the Interior Ministry said in a statement.

The suspects allegedly made more than 55 million dinars (750,000 dollars) since 2005 offering bets on football, basketball, tennis and hockey matches in Europe and North America.

They took payments by credit card and had the income transferred to their accounts from various offshore firms, paying no taxes on their unregistered business.

Following a raid, police seized 60,000 euros (80,000 dollars) in cash, several computers and two cars.

Sport betting in Serbia is legal and extremely popular. In its statement, the ministry promised to crack down on those operating without permits.

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