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ILLEGAL SPORTS BETTING BOOMS IN SOUTH KOREA

Tuesday June 02,2015 :  ILLEGAL SPORTS BETTING BOOMS IN SOUTH KOREA
 
Total amount of illegal gambling estimated at 75 trillion Won.
 
Illegal sports betting in South Korea on horseracing, cycling, motorboat racing and online betting on other sports, is estimated to have reached some 17.5 trillion won in 2012, the Korea Times newspaper reported over the weekend, claiming the total amount of illegal gambling in the nation is now estimated at 75 trillion Won (1,698 Won = GBP 1).
 
The newspaper bases its numbers partially on a 2012 study by the Korean National Gambling Control Commission, and a separate 2013 study by the Korean Institute of Criminology, which estimated that illegal sports gambling worth at least 31 trillion Won took place in 2013 and was on an upward spiral, with total illegal gambling at 100 trillion Won a year.
 
Figures from the National Assembly's Education, Culture, Sports and Tourism committee appear to back these estimates, revealing that the number of illegal sports gambling cases reported to Korean police has jumped to 46,527 in 2013 from 7,951 in 2011, indicating six-fold growth. The committee added that more than 30,000 cases were reported to police in the first half of 2015 alone.

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Gambling News :

Pokerstars Bahamas Main and High Roller Results - The inaugural PokerStars Championship Bahamas saw two big winners crowned this weekend when Christian Harder won the main event for $429,664 and Luc Greenwood took home $779,268 after taking down the $25,750 High Roller event.

Rodrigo Duterte has identified illegal gambling as his third priority - Illegal online gambling operators can anticipate tougher times in the Philippines following a directive from President Rodrigo Duterte that stamping out illegal gambling is his third most important goal after illegal drugs and government corruption.

High Hopes For Pennsylvania Online Gambling - Pennsylvania state politicians have wasted no time in getting back to work in the new legislative season, and there is renewed hope for a gambling expansion bill that includes online gambling and daily fantasy sports.

WILLIAM HILL ACCUSED OF QUESTIONABLE MARKETING TACTICS - British Labour member of parliament for Swansea East, Carolyn Harris, has described as "appalling" player-poaching techniques allegedly encouraged by the online and land bookmaker William Hill plc.

GoWild has announced the launch of its own new gaming platform - The European online gambling group GoWild has announced the launch of its own new gaming platform, providing entertainment in addition to its Microgaming games, which will now be delivered via the Quickfire platform.

UK Government Introduces Mandatory horseracing levy - The levy kicks in after the first GBP 500,000 in gross revenue has been earned by online and retail bookmaking firms and other betting organizations.

Chinese Arrested in Philippines Invalid - Representing the thirty-nine plaintiffs, defense lawyer Irene Bianca B. Distura claimed that the warrant that led to her clients’ apprehension is “invalid.”

NJ Warns No Federal Online Gambling Ban - New Jersey Senator and gubernatorial candidate Raymond Lesniak warned that any attempt to overturn a 2011 Department of Justice opinion that the federal Wire Act exclusively governs sports betting would be met with a hard-nosed reaction from his state.

Casino du Liban To Launch new online gambling platform - The venture will be in partnership with an unnamed international company, and a tender has already been launched with a deadline of January 19 to submit the proposals.

Winstar slot Pays Big Jackpot - One very fortunate online punter in Bermuda has scored a major win on the Winstar slot at the PokerStars online casino, collecting a $825,037 jackpot.

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