Platinum SB Hammered Again


The remarkable was the speed with which online sports book operator Platinum SB reorganised its activities to cope with the massive raid conducted by the Canadian police and gambling authorities at the Super bowl party hosted in Toronto earlier this year.

Rather cheeky insouciance of the management in keeping the enterprise active was also quite amazing. Until this week when the Mounties made another series of raids on residential and business premises making further arrests and seizing some Cdn$1.6 million in cash.

Thus far, police have found and confiscated over Cdn$ 5.5 million which they believe to be connected with PlatinumSB activities. Documents and records were also seized as police gathered evidence to support their contention that the Costa Rica-based enterprise generated over a million dollars a month for its operator.

According to a police statement 18 suspects are facing gambling, bail and money-related charges, with arrest warrants issued for a further four individuals, though the names will be revealed after formal charges in court on Wednesday.

In spite of the intense Canadian police activity, PlatinumSB appears to still be taking wagers, now under its new .tk (Tokelau, a territory of New Zealand located in the South Pacific) domain.

Sports Society News General Sportsbook News

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