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5min chapter
How This Man Profited $1 Billion Betting on Hong Kong Horse Races
Economics Explained
Benta's Big CIT Privileges Revoked
Hong Kong's tax authority began to investigate the syndicate. By law, gambling winnings were exempt from taxation but company profits weren't. Benta continued to operate his in-person betting scheme throughout the turn of the millennium. He felt disconnected from his gambler friends who were nocturnal geeks and rogues. For the first time he thought about moving back to the U.S.
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