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Online Poker Ring Busted In South Korea
Thursday August 7,2014 : SOUTH KOREAN POLICE BUST ONLINE POKER RING
29 arrested in raid on an internet 'badugi' business that generated $390 million in wagers.
The Korean police have announced the dismantling of an illegal online poker ring operated by five gangs in the Gyeonggi Province, with the arrest of 29 individuals.
Speaking after a series of coordinated raids Wednesday, the police revealed that the ring had generated wagers of around 400 billion won ($390 million) on the game of Badugi - a poker variant.
Warrants for the arrest of three senior gang members including an alleged ringleader surnamed Yang have been obtained, the police revealed, claiming that the de facto owner is a former gangster who resides in China.
The site’s main server was based in China and charged entry fees as well as service fees for the exchange of currency using bank accounts under borrowed names.
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Mybet Earnings Struggle -
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Time Running Our For Pennsylvanian online gambling -
Hopes that this week would see the Pennsylvanian Senate voting on an online gambling and DFS legalization bill already passed by the House four months ago dwindled Wednesday when no progress was made and the legislatures season officially closed.
Yggdrasil Gaming Expanding -
The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.
FanDuel and DraftKings Settle With NY Attorney General -
Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.
Stan james Now Live With EPOS -
The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.
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