..

Philippine Online Gambling Website Busted

Written by:
Guest
Published on:
Sep/30/2008
Manila

(Associated Press) - South Korean prosecutors have busted an online gambling ring operated by Koreans from the Philippine capital Manila which cleared some 100 million dollars over 18 months, officials said Tuesday.

The Seoul Central Prosecutors' Office said four South Koreans have been charged. Two others have fled abroad but prosecutors will seek to have them extradited.

On-line gambling is illegal in South Korea and regular gambling is strictly limited, with only one casino in Korea open to locals.

The ring allegedly opened a casino in Manila in February last year. They hired 30 Filipino dealers and webcast baccarat games being staged at the casino to domestic online participants.

In order to assure online gamblers they were taking part in real-time games, the ring depicted CNN broadcasts in its online coverage.

Some online gamblers wired more than 100,000 dollars for a single bet.

The suspects allegedly earned 100 million dollars over 18 months until their operation was busted in August, the prosecutors added.

Gambling News

Where Can I Bet the Super Bowl Online From Minnesota?

Where Can I Bet the Super Bowl Online From Minnesota?

BetUS (established in 1994) is one of a handful of sports betting sites accessible to those living in the great state of Minnesota to place bets on this year's Super Bowl.  

Where Can I Bet The Super Bowl Online From Michigan?

Where Can I Bet The Super Bowl Online From Michigan?

State-licensed Michigan online sportsbooks are now live just in time for taking bets on this year's Super Bowl, but remember that the apps trace all your activity and will be reported to the IRS once you meet a specified threshold.

Connecticut Lawmakers Considering Sports Wagering Once Again

Connecticut Lawmakers Considering Sports Wagering Once Again

Lawmakers were urged Tuesday to finally legalize sports betting and internet gambling after years of debate. 

IGT and FanDuel Group Bring Omnichannel Sports Betting to Michigan

IGT and FanDuel Group Bring Omnichannel Sports Betting to Michigan

International Game Technology PLC (“IGT”) (NYSE: IGT) announced today that its PlaySports platform is powering the recently launched FanDuel Sportsbook mobile app in Michigan, the latest U.S. state to introduce regulated online sports betting and iGaming. I

Different Types of Gambling, Media Converging for Growth

Different Types of Gambling, Media Converging for Growth

The many different types of gambling are quickly coming together with each other and with media outlets — and Wall Street is taking notice.

Syndicate