Korean Police Bust Online Gambling Operator

Online sports betting site handled bets totalling US$780,193

Police in Ulsan, South Korea reported Friday that a 31-year-old man has been arrested on allegations of operating an illegal online sports betting site with servers in Singapore.
The Ulsan Regional Police Agency told the Yonhap news agency that the website had been active since February 2014, allowing users access to on-the-spot broadcasts of races in South Africa, Macao and Japan.
Investigators claim that the suspect paid 5 million won (US$4306) in a licensing deal with a foreign supplier for the site, and received between 2 and 5 percent of around 900 million won (US$780,193) deposited by some 60 online punters over the life of the enterprise.
Another man, aged 21, was also arrested over his alleged role in promoting the site on major social network services.
In related news, Seoul police have reported the bust of an illegal online sports betting operation which masked some US$5 million in financial transactions from around a thousand gamblers by using fraudulent addresses in Vietnam's Ho Chi Minh city.
Three men have so far been arrested as investigations continue.

Online Casino News Courtesy of Infopowa

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The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.

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