Chinese Football Association
China’s illegal sports gambling industry, which has landed officials in trouble over alleged match-fixing, is worth $14.6 billion a year, according to China Daily. Zhang Lu, who is the deputy chairman of Beijing Guo'an football club, told reporters that of the $14 billion earned by the industry, casinos often net around 10% of the funds. Lu told reporters that in order to stem the profits of the industry, a “lottery bill” should be passed, which will force the illegal industry to readdress its current situation.
The news comes as several football officials, including three senior employees, have been questioned about their involvement in match-fixing. In the past few months, 21 officials have been questioned by the police, including Nan Yong, the head of the Chinese Football Association (CFA).
Share this:
Email this page
