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King of Slots,’$2 10 Others Held in Italy Online Gaming Crackdown

ROME — Italian police arrested 11 people on Wednesday for allegedly running an illegal online gaming business which garnered millions of euros in bets every day, a prosecutor said.

Luigi Tancredi, accused of heading the ring, installed poker screens in bars and gambling rooms run by Italian mafias, according to prosecutor Michele Prestipino.

Tancredi was arrested on suspicion of running an international criminal group that favors the Mafia.

Gambling in Italy has been gradually legalized over the past two decades, in part to curb organized crime's grip on it, but this has actually created new opportunities for the mob, investigators say.

Known as the "king of slots," Tancredi had worked extensively in Italy's legal gambling business in the past and had come under scrutiny in previous probes by courts in central and northern Italy, investigators said.

His business, run out of Romania through a server based in Tampa, Florida, operated an average of 12,000 virtual poker tables throughout Italy with 11.5 million euros ($12.43 million) in bets per day, Prestipino said. Tancredi's daily cut was more than 1 million euros, he said.

"A wiretap captured some mobsters commenting that this business was more profitable than drug trafficking," Finance Police Colonel Alessandro Cavalli told reporters.

There is also much less risk in gambling. While cocaine trafficking can lead to decades in jail, gaming law infractions are often punished by fines.