UPDATED 11/22/11 4:53 p.m.

Honolulu police say there’s not enough information to launch a criminal investigation into allegations of a point-shaving scheme by University of Hawaii football players.

The university on Tuesday said it received an anonymous tip earlier this month accusing Warrior football players of the gambling scam.

Point shaving involves holding down the score of a game in order to control who will win bets against a point spread. Players involved in a point-shaving scheme might intentionally miss shots or create turnovers in an attempt to keep the final score within the desired margin.

The university had released the following statement:

“Recognizing the seriousness of these allegations, UH leadership acted promptly and responsibly by immediately alerting the Honolulu Police Department and providing the letter to them.

Board of Regents Chair Eric Martinson and President MRC Greenwood met personally with Chief Louis Kealoha to offer UH’s full cooperation with HPD’s inquiry.”

But the Honolulu Police Department said in a statement Tuesday afternoon that while it’s aware of the allegation, “at this time, there is not enough information to open a criminal investigation.”