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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.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
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