..

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

Bet on When Baffert's NYRA Ban Will End

Bet When Baffert's NYRA Ban Ends

Bob Baffert's ban end is favored to happen before July 1.

New York Suspends Linda Rice From Training for 3 years

New York Suspends Linda Rice From Training for 3 years

Plus Bob Baffert and Medina Spirit banned from Belmont Stakes after Medina Spirit tested positive for an illegal amount of the steroid betamethasone in a post-Kentucky Derby screening.

The New NFL Stock Market

The New NFL Stock Market

Online gambling companies are always looking for new ways to bet and we have seen the introduction of some interesting games. The son of the Paddy Power founder is set to launch a virtual sport-based stock market based on the NFL and this news will be met with great anticipation in the United States. 

Anthony Joshua - Tyson Fury Now In Doubt Following Arbitration Ruling

Anthony Joshua - Tyson Fury Now In Doubt Following Arbitration Ruling

The fight between the British boxing champions could be in doubt after an arbitrator in the US ruled that Deontay Wilder is entitled to a third bout against Tyson Fury, and no later than September 15, 2021. Earlier, Fury had said August's match against Anthony Joshua would take place in Saudi Arabia, which could still happen if Wilder accepts money to step aside to not fight Fury.

Sports Betting Beat: Pros and Cons of Expanded Gambling in Florida

Sports Betting Beat: Pros and Cons of Expanded Gambling in Florida

Lawmakers in the state of Florida are pushing for gambling expansion while the powerful Seminoles look to boost their dominance with legalized sports betting in the state.

Syndicate