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Korea Battles Illegal Gambling

12/20/11 : Operators enabling players to trade gaming points for cash
 
The Korean Ministry of Culture, Sports and Tourism's Games Rating Board has registered a four fold increase to 113 in the number of internet computer games offering illegal gambling during the first six months of 2011 (HY1/2010: 27) as gamblers shift away from video game arcades to online gaming.
 
The report carried in the Korea Times details online game providers, including those offering poker and card games allowing betting, affording players the option to convert virtual points into cash in a complicated transaction system involving using virtual points won to purchase virtual items which are then addressed to the operator who trades them for cash despite the process being against the law.
 
The transaction being fully executed online makes it difficult for authorities to detect, unlike terrestrial outlets where physical vouchers or prizes are awarded to be swapped out for real money later on.
 
Online games identified as supporting gambling face the revocation of their business licence after a third violation under the Games Rating Board's "strike out" rule.  Game licences revoked for this transgression have risen to 20 in the first half of the year compared to none over the same period last year according to the authority.
 
"Gambling based on personal computers is becoming harder to monitor and we need a larger number of personnel trained with sophisticated skills," said an official from the Games Rating Board.
 
Korea has a heavily restricted and regulated gambling market that provides locals with very few options that include betting on racing, lottery and one casino in Gangwon Province.  Authorities are concerned that online gaming will fuel internet addiction, whether gambling is involved or not, and have vowed to restrict the amount of time gamers spend online.



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NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

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NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

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NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

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