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Man Guilty of Taking Illegal Bets

LAS VEGAS -- A 55-year-old Las Vegas man pleaded guilty in Federal Court on Monday to operating an illegal sports betting business in Las Vegas.

Man Kit Yau pleaded guilty to criminal information that from May 2001 through April 2003 he received bets from people in Nevada as well as out of state wagerers.

Yau also pleaded guilty to a criminal forfeiture count that requires him to turn over $50,817 in cash and $14,175 in money orders that he admitted were profits from illegal gambling.

Except for regulated licensees, Nevada law prohibits persons or their agents from knowingly placing, sending, accepting, or receiving wagers through any medium of communication to or from other persons in or outside Nevada, officials with the U.S. Attorney's office said.

Yau was released on bond pending sentencing, which is scheduled for Jan. 19. He is facing up to five years in prison and a $250,000 fine.

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