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Casino
October 31, 2025
Illegal Online Gambling Operation Has Been Dismantled in South Korea
An organized crime network, which has been running an illegal online gambling operation aimed at students and sailors, has been dismantled by the South Korean police on Jeju Island. Alleged bets whose worth has approximated over KRW 22 billion (around $15.3 million) had gone through the organization. 21 individuals suspected of being members of the […]
Casino
October 27, 2025
Bloomberry Announces Planned Spin-Off and Sale of Jeju Sun Casino
Bloomberry Resorts Corporation has confirmed plans to spin off and sell its Korean casino, Jeju Sun, to a local firm. Its indirect South Korean subsidiary, Golden & Luxury Co., Ltd, which is partially owned by another Bloomberry subsidiary, Solaire Korea, signed a Share Purchase Agreement to transfer the casino business to a separate new company, […]
Casino
October 21, 2025
Experts Urge Unified Reform for Korea’s Casino Industry
South Korea’s integrated resort (IR) industry is at a crossroads. During a recent Korea Times Global Business Club event, tourism and policy experts demanded bold reforms to make the sector more competitive, warning that outdated systems and fragmented oversight are holding it back. A Need for Fresh Ideas and Mergers Moderator Seo Won-seok, a professor […]
Sports
September 30, 2025
Arrests Expose YouTuber as Promoter of Gang-Owned Illegal Horse Betting Site
The Seoul Metropolitan Police Agency arrested 29 people believed to be part of a criminal enterprise allegedly running an illegal horse betting site; out of the suspects, six were taken into custody. The site operators were among the arrested. It is believed they had been receiving the help of a horse racing YouTuber with 10,000 […]
Industry
September 16, 2025
South Korea Reports Disconcerting Increase in Adolescent Gambling Harm
South Korea is experiencing serious issues with youth gambling as cases of addiction among adolescents have spiked, leading to astronomical medical costs. South Korea’s Gripes with Adolescent Gambling Increase According to data by the Health Insurance Review and Assessment Service, cases of gambling addiction among adolescents have increased dramatically, soaring from 64 in 2022 to […]
Legal
September 11, 2025
South Korean Police Bust $31M Illegal Gambling Ring Operating from Cambodia
According to The Chosun Daily, South Korean police have arrested ten people connected to an illegal online gambling ring that processed approximately KRW 44 billion (approximately $31,6 million) in transactions. The operation was based in Cambodia to evade domestic law enforcement. Police Bust Illegal Korean Gambling Ring On September 10, the Cybercrime Investigation Team of […]
Legal
August 11, 2025
South Korean Police Bust Crime Ring Extorting Patrons Through Rigged Casinos
South Korean authorities have arrested 12 members of a sophisticated criminal organization that targeted wealthy individuals by inviting them on overseas golf trips, then scammed them out of approximately $850,000 through rigged casino games and extortion schemes. Crime Ring Busted by South Korean Police Identified only as “Mr. A” by the Gyeonggi Southern Police Agency’s […]
Casino
July 25, 2025
South Korea Continues Crackdown on Illegal Gambling, Targets Payment Firms
South Korean authorities have recently finalized a probe into six local payment gateway firms, which now stand accused of having facilitated illegal gambling transactions. The firms may have done so unwittingly but are still subject to the country’s strict gambling laws. Payment Firms Targeted in Latest Bust on Illegal Gambling The Financial Supervisory Service (FSS), […]
Business
July 16, 2025
Casino Stocks in South Korea Increase Thanks to Foreign Tourism
Although South Korea’s eased visa policy for Chinese tourists isn’t set to take effect until later in the third quarter, casino stocks are already climbing in anticipation of a surge in inbound travel. South Korea’s Casino Sector Rises Ahead of Visa Changes for Chinese Tourists South Korea’s gaming industry is already seeing gains ahead of […]
Casino
June 24, 2025
South Korean Convenience Store Owner Booked Over Installing Gambling Machine
Police in South Korea have arrested an anonymous convenience store owner after authorities received a tip that the person had installed a gambling machine on the premises of the venue. The convenience store’s name was not specified, but official reports indicate that it was based near an elementary school, the Bukbu Police Precinct in Ulsan […]