The gambling ring illegally opened online casinos and attracted bets valued at 484 billion yuan (USD 78 billion) from March 2008 to April 2013, the Liwan district people's court in the provincial capital Guangzhou said in a statement.
The court yesterday ordered the 68 to pay fines ranging from 50,000 yuan to 20 million yuan.
Of the total convicted, 55 were found guilty of opening online casinos, seven guilty of gambling and six guilty of both crimes, according to the statement.
They used the websites to lure gamblers to place bets and took commissions from them.
According to prosecutors, the ring was run within a circle of friends and relatives like a pyramid-selling scheme.
Among the accused were several white collar workers, state-run Xinhua news agency reported.
Gambling has been outlawed on the Chinese mainland since 1949, but in recent years, sports events such as the World Cup have proved too tempting for betting fans.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
