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South Korean Police Make Huge Online Gambling Bust

Tuesday March 22,2016 : KOREAN POLICE IN MAJOR ONLINE GAMBLING BUST
 
Two arrested as US$4 million intrnet gambling enterprise is shuttered.
 
The South Korean National Police Agency revealed in a press statement Monday that two men alleged to be the operators of an illegal and as yet unnamed online gambling website have been arrested and the business shut down.
 
Police spokesmen claimed that over the eighteen months the financial betting site had been in operation it had accrued profits of 4.6 billion won (US$4 million) on turnover of around 14.5 billion won.
 
On the website, members bet on potential fluctuations in the Korea composite stock price index (Kospi) 200, forecasting how much the index might rise or fall.
 
The two men arrested were identified under the very common Korean names of Lee and Kim; the former handled customer relations and support, and the latter was the CEO and technical executive.
 
The police claim that Kim began operating in October 2014 from an apartment, quickly building the business into a successful enterprise that allowed him to improve his personal financial circumstances.
 
His downfall came when an employee sent email messages to some customers passing himself off as the cyber investigations bureau of the national police; alarmed punters contacted state authorities, which triggered a federal investigation.



Gambling News :

Summer Is Here: It’s the 2017 Super Millions Poker Open - The 2017 Super Millions Poker Open (formerly the Summer Millions) starts July 15 with a hefty $2.5 million guaranteed in the prize pool. Qualifiers begin this Thursday; you can satellite your way into the 2017 SMPO for as little as 55 cents.

Americas Card Room Biggest OSS CUB3D ever - Included in the series is the next $1,000,000 GTD Million Dollar Sunday, the Main Event of the OSS. The MOSS and BOSS also have a Main Event and all three winners will walk away with a sterling silver commemorative bracelet in addition to the prize money. Also returning is an OSS Cub3d combined leaderboard. The top-3 ranked players at the end will receive a $4,900 Punta Cana Poker Classic prize package and a sterling silver bracelet.

Microgaming Casino Games Live on PokerStars - Following a successful integration to the Quickfire platform, Microgaming games are now live on PokerStars Casino

Jurassic World Online Slot live - During the base game, the fierce and genetically modified Indominus Rex can randomly appear on the screen, awarding wins of up to 1,000x the total bet.

Is there a place for AI in poker? - If you are into the technology, you have certainly heard about Artificial Intelligence (AI) at least a few times. The word has become even more popular over the course of the last few years, especially with an introduction of another buzz word

MLB Odds: Mets vs. Dodgers - Injuries have kept the New York Mets (31-37, –14.14 betting units) from being all they can be this year, but they expect to have Steven Matz on the mound for Wednesday’s game against fellow southpaw Rich Hill and the Los Angeles Dodgers (44-26, +7.56 units). First pitch from Chavez Ravine is 10 PM ET on ESPN.

NBA Odds: Warriors Down Cavs in Game 5, Reclaim Title - It took a game longer than they would have liked, but the Golden State Warriors are once again the NBA champions. They beat the Cleveland Cavaliers 129-120 Monday night to eliminate the Cavs (+9 away) in five games and reclaim the Larry O’Brien Championship Trophy.

Vikings’ Victory Slot Launches - The game’s impressive graphics take you to the sea side, where a longship sits beyond the reels. Mountains and trees make up the background, and smoke can be seen billowing from beyond the screen. The five reels are on a sail, with 25 paylines marked by red flags.

50 WSOP Seat Satellite - Sunday, July 2nd at 3pm ET, two just days before the Fourth of July holiday, Americas Cardroom is running a 50-seat qualifier to the 2017 WSOP Main Event in Las Vegas.

NHL Odds: Series Tied Heading Back to Pittsburgh - As quickly as Pekka Rinne lost his game in Pittsburgh, he found it again in Nashville. After Game 2, there were murmurings that Rinne wouldn’t start the next game. Predators Head Coach Peter Laviolette decided to stick with his goaltender, however, and Rinne led his team to two consecutive victories at home while stopping 50 of 52 shots.

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