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Police bust a multi-billion won gambling ring centred on Macau
A sharp gambling operator identified only by the common Korean name 'Kim' and allegedly working out of the Venetian resort in the offshore gambling mecca of Macau held all the cards, a report in the Korea Herald reveals; in addition to accruing profits from the activities of his Korean gamblers, he made 1.25 percent on cashing in betting chips.
Kim's activities came to light following police intelligence-based raids in Korea which found that scores of Koreans were involved in illegal gambling in Macau, wagering some 190 billion won ($155 million).
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The newspaper reports that the Seoul Metropolitan Police Agency arrested a casino business operator this week on charges of running an unlicensed gambling operation. Its 15 employees and five investors were charged but not detained.
Police also booked 41 customers who were found to have wagered up to 13 billion won. Among them is an unidentified renowned TV personality, officials said.
160 other punters had deposited gambling money amounting to some 177 billion won in a falsely named bank account whose real owner was Kim's Macau casino firm, police claimed. The Korea Herald reports that Kim spent 4.6 billion won to acquire the right to operate the gambling operation in the Venetian Macau, a luxury hotel and casino resort.
Kim attracted Korean customers to his business in Macau and levied a 1.25 percent surcharge for exchanging betting chips, pocketing a total of 10.4 billion won. The firm also 'helped' its customers to exchange Korean won for foreign currencies used in gambling through illicit money changers in Macau, the police alleged
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Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
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MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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