A gambler who cashed in a $550,000 slip he found on the floor is behind bars A punter who picked up a winning Mark Six lottery ticket from the floor of a betting centre and claimed the $500,000 prize was behind bars last night after being convicted of theft and fraud. Lau Wai-shun, 42, admitted he was driven by greed to cash in the winning ticket, which he picked up from the floor at the Hong Kong Jockey Club in Sunway Gardens, King's Road, North Point, on August 27 last year. The ticket, which belonged to Lam Chi-kin, won Lau the second prize with a dividend of $551,045, the court heard. Lau yesterday pleaded guilty before Eastern Court magistrate David Dufton to a charge of theft and another of fraud. The court heard that on the day of the offences, Lau went to the North Point Hong Kong Jockey Club to buy a lottery ticket. He picked up a ticket from the floor, realising someone had dropped it. The next day, Lau went to the jockey club centre in Kwun Tong to cash in the ticket after discovering it had won second prize. Half a million dollars were put into Lau's telebetting account, while the rest was given to him in cash. The following day, his telebetting account was frozen and Lau was told by a senior investigating officer of the jockey club that the original ticket holder, Mr Lam, had made a lost ticket report. When Mr Lam filled out his lost ticket report, he was able to recall 23 out of 24 numbers on the lottery ticket, the court heard. Lau surrendered to the police on September 2. The court heard Lau, a married construction site worker, was driven by greed to commit the crime. He had been out of work for five months. Mr Dufton remanded him in custody. He adjourned the case to May 16 for sentencing pending background reports.