[BAUS]

Internet gambling CEO is city's latest homicide victim

Gerry Bellett
Vancouver Sun

Tuesday, December 18, 2007

The 45-year-old Vancouver man found shot to death early Saturday slumped inside a late-model Cadillac has been identified as James Po Ho Cheung, the president and CEO of a Nevada-based Internet gambling company.

Cheung was found dead in a lane at the rear of 3363 Napier St. by police who responded to 911 calls from neighbours, who had reported hearing gunfire at about 2 a.m.

He is the 21st person to be slain in Vancouver this year, compared to 19 homicides in the city last year at this time.

Cheung was shot by somebody apparently waiting for him to return home to his modest two-storey residence, which is protected by bars on the windows and a steel grill across the front door. An autopsy was performed Monday.

Multiple shots were fired at the businessman as he sat in his Cadillac behind the east Vancouver house. Police would not say how many shots were fired or give details of the weapon or weapons that may have been used.

Vancouver Police spokesman Const. Howard Chow said Cheung was not known to police. Investigators were still out Monday combing the area for evidence and speaking with neighbours. Two vehicles were towed away from the home by police.

Police believe the suspects fled west down the back lane and are asking anyone with information on what happened or who saw anything out of the ordinary that morning to contact investigators at 604-717-2500.

Cheung was married to Sutton Group realtor Sandy Wong, who could not be reached for comment.

An Internet search disclosed that Cheung is president of 777 Sports Entertainment Group, whose Internet gaming operations were conducted in San Jose, Costa Rica.

On Monday, shares in Cheung's company closed at 19 cents a share, down a penny, on the U.S. pink sheets exchange, which is a largely unregulated over-the-counter stock exchange.

The latest news release issued by 777 Sports Entertainment Group was in May last year when Cheung announced the expansion of his 777betz.com website using Chimera 2, an online wireless gaming platform.

The website offered multi-table card games including Texas Hold'em, Omaha, 7 Card Stud and Chinese Poker, as well as sports betting and horse racing.

The Napier Street house, assessed as being worth $581,000, is shown in land title documents as belonging to Choi Yuk Wong, a realtor. It was bought in 1998 for $260,000.

gbellett@png.canwest.com
© The Vancouver Sun 2007








My apologies if this has already been posted..

BAUS

[louisvillekid]

On Monday, shares in Cheung's company closed at 19 cents a share, down a penny, on the U.S. pink sheets exchange, which is a largely unregulated over-the-counter stock exchange.

what? does anyone know what that means. pink sheets exchange?

[Dark Horse]

OTC market (over the counter)

[2Pac]

Gambling is a rough industry. I feel bad for the guy, even if he didn't run a smooth operation. Money/Debt makes people do some crazy things.

God gave us free will though, and the vice of gambling will continue to grow and grow, and more and more lives will be ruined.

[katstale]

Just wanted to give a shout out to the guys who whacked this dude. There is a guy in Costa Rica who runs a book called Cascade. His nickname/alias is Lenny. He said you guys were low life, scum suckin little byatches. Said you wouldn't dare come down there and try to pull any stuff like that with him.

He further mentioned your momma and your sisters and stuff you do with goats--but I can't be goin into all of that on a Sunday.

Just wanted you guys to know--in the spirit of the holidays.

[capitalist pig]

So much for those tough Canadian gun laws working.

later

[bigboydan]

Just wanted to give a shout out to the guys who whacked this dude. There is a guy in Costa Rica who runs a book called Cascade. His nickname/alias is Lenny. He said you guys were low life, scum suckin little byatches. Said you wouldn't dare come down there and try to pull any stuff like that with him.

He further mentioned your momma and your sisters and stuff you do with goats--but I can't be goin into all of that on a Sunday.

Just wanted you guys to know--in the spirit of the holidays.

LMFAO

[indy62]

ouch..next

[Destroyer]

I think the guy was whacked by the Wah Ching Gang.

[bigloser]

On Monday, shares in Cheung's company closed at 19 cents a share, down a penny, on the U.S. pink sheets exchange, which is a largely unregulated over-the-counter stock exchange.

So shares in an illegal gambling operation are publically traded in the US?

[goldengoat]

i wonder if his website stiffed anyone

did sbr even have a rating on his site?

[bigboydan]

i wonder if his website stiffed anyone

did sbr even have a rating on his site?

They were part of the BetHorizon family of books after they merged with [iSBRFORUM]724sports[/iSBRFORUM] back in July, 2007.

Heres the newswire report on them:

7/26/2007 06:58 PM
777betz (SBR rating C) merges under 724Sports (SBR rating C+)

As far as any stiff jobs go... I couldn't find any outstanding ones levied against them Goldengoat.