HONG KONG (05/00) - Stanley Ho, the most successful and best known gambling mogul in Asia, plans to launch a wagering website this summer, a fact that has the Hong Kong Internet police on high alert. While on-line gambling is illegal in Hong Kong and penalties for Internet betting range from fines of up to $5 million to seven years imprisonment, law enforcement officials are concerned that the cachet of the Ho name will attract local bettors to the website.
Ho, who operates on the nearby island of Macau, expects that DrHo.com will generate $20 million during its first year. Eyeball.com, a Canadian software company, is a partner in the project.
Ho, who operates on the nearby island of Macau, expects that DrHo.com will generate $20 million during its first year. Eyeball.com, a Canadian software company, is a partner in the project.
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