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Korean Black Market Horseracing Growing
12/19/09 - The market for illegal private gambling on horse races in Korea could be as high as 30 trillion won ($25.5 billion), four times 'legal' sales at the state-owned monopoly, according to Korea Racing Authority numbers released this week.
The agency told news publication JoongAng Daily that it estimated black market revenues at between 9.3 trillion won to 30.5 trillion won last year, which is 125 pc to 411 pc the total 2008 'legal' sales at the KRA.
The Authority said that the increasing availability of Internet betting had contributed to the soaring black market.
Bets on horse racing in Korea can only legally be made through the KRA, which falls under the authority of the government's Ministry for Food, Agriculture, Forestry and Fisheries and has three racing parks in Busan, Jeju and near Seoul.
The agency also operates 32 betting venues, where the public can gamble while watching real-time televised horse races at the three parks.
A bidding cap of 100 000 won per race was criticised in the KRA report, with the agency calling it too low to keep people interested in legal betting, driving punters to the Internet. The agency said it would consider raising the cap for foreigners.
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International Table Tennis Federation in deal with Sportradar. -
The International Table Tennis Federation (ITTF) has today announced it has signed a brand-new integrity partnership with Sportradar utilising the organisation’s world-leading monitoring, intelligence and prevention solutions to help safeguard the sport against match fixing.
NBA odds on Thunder vs. Pacers Game? -
This Wednesday night in Indianapolis, Paul George is due to play his first game at the Fieldhouse as a member of the Oklahoma City Thunder (12-13 SU, 8-17 ATS). But George might not face the Indiana Pacers (15-11 SU, 16-10 ATS); he’s listed as day-to-day with a right calf contusion. Tip-off is at 7 PM ET on ESPN.
2 New Christmas Slots For Microgaming -
Microgaming’s jolly game additions this December. Microgaming adds two more games to kick off the festive season, in addition to its action-packed Highlander online slot.
SportsBetting Supreme Court Showdown -
Sports Law, Betting and Integrity leaders convene to preview Supreme Court Showdown. Thought leaders weigh in on Christie vs. NCAA (which in January will shift to Murphy vs. NCAA)
NBA Odds: Heat Can Burn Cavaliers in Cleveland -
The Cleveland Cavaliers (12-7 SU, 6-12-1 ATS) may have turned their season around, but they’ve got a challenging matchup this Tuesday against the Miami Heat (9-9 SU, 7-9-2 ATS), tipping off at 7 PM ET on NBA-TV. Miami is 7-4 SU and 6-5 ATS against the Cavs since LeBron James went back to Cleveland in 2014.
Games Concept Day in Malta -
The Quickfire Games Concept Day is the second full-day workshop to date, the first being held in Gibraltar in July.
AFC’s fight against match-fixing -
The Asian Football Confederation (AFC) has introduced a new AFC integrity mobile application, which will enable fans, players and officials to report possible suspicious activities or provide information concerning match-fixing or corruption to the AFC Integrity Unit.
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