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Casino
June 19, 2025
Korean Police Busts $384M Illegal Gambling Ring
Police in South Korea have shuttered a $384-million gambling ring, roughly 530 billion won, which has been operating on the territory of the country for the past five or so years. The website, which used female live dealers, has pocketed at least 27.1 billion won in illicit profits using this model. The police were able […]
Casino
June 13, 2025
Tourism Sector Calls for Tougher Measures against Illegal Gambling
Various representatives of the tourist sector in South Korea met on Wednesday and called on the government to act on two distinct points insofar as gambling is concerned. One is to take stricter measures against the illegal gambling sector that targets nationals and solicits them to travel abroad for gambling. South Korea Wants to Strengthen […]
Casino
June 11, 2025
South Korea Cracks Down on Illegal Gambling Operation That Targeted Teens
South Korean authorities have busted an illegal gambling ring that targeted school children and adults, and that generated a total of $18.2 million in placed wagers at the very least. Police said that they have arrested multiple individuals who were able to entangle at least 100 middle and high school students as gamblers. Gambling Operation […]
Casino
May 27, 2025
South Korean Man Who Sold Gambling Sites Indicted
South Korean prosecutors have indicted a man in his 50s, originally from the country, who operated an intricate network of illegal gambling websites. The person would open the websites and then sell them for profit with the help of North Korean hackers. Man Teams Up with North Korean Hackers to Sell Gambling Sites The hackers […]
Business
May 19, 2025
Bain Capital Considers Selling the Mohegan INSPIRE Resort
Bain Capital, the private equity entity that took control of Mohegan’s new resort in South Korea, is reportedly looking to sell the property. Mohegan, however, believes that a sale would not be in the property and its customers’ best interest. Bain Capital Puts Mohegan INSPIRE Up for Sale Bain Capital, which wrested control of Mohegan’s […]
Lottery
March 5, 2025
South Korea’s Lottery Under Fire After Same Store Sells Two Jackpot Tickets
People are questioning South Korea’s lottery system after two winning jackpot tickets came from the same store leading to talk about possible cheating. Unlikely Double Jackpot Win Sparks Cheating Allegations in South Korea The issue started after the March 1 Donghaeng Lotto draw where 16 people picked all six numbers. While it is not strange […]
Industry
March 3, 2025
South Koreans Who Ran $61M Illegal Gambling Service Get Prison Time
The Suwon District Court has found several people guilty of running a sprawling online gambling website that operated illegally and accepted wagers for various sports events. The black-market website was pinned at $61 million in value by prosecutors, and several people were arrested, charged, and tried as a result. South Koreans to Serve Jail Time […]
Business
February 19, 2025
Bain Capital Takes Control of Mohegan INSPIRE as MGE Defaults on Debt
All seemed to be going well for the Mohegan INSPIRE Entertainment Resort in South Korea. Unfortunately for the ambitious tribal operator, financial hurdles led to private equity firm Bain Capital securing a controlling stake in Mohegan’s Korea-facing division, MGE Korea. In the aftermath of the takeover, Mohegan vowed to continue to negotiate an outcome that […]
Casino
February 14, 2025
Ex-South Korea Casino Employees Face Justice for $3.5M Fraud Scheme Targeting Foreigners
The scheme that took place at the Golden Crown Daegu Casino in South Korea saw a number of staffers, from rank-and-files to executives, participate in a well-orchestrated and fraudulent scheme that interfered with game results to defraud foreigners of an estimated $3.5 million. South Korean Casino Employees and High-Ranking Execs Face Reckoning Specifically, the case […]
Business
January 2, 2025
Mohegan INSPIRE Posts Inspiring Q3 Financials
The Mohegan INSPIRE Entertainment Resort in South Korea has disclosed its Q3 financials, revealing that business continues to gain traction. The new property, adjacent to the bustling Incheon International Airport, reflects the American company’s ambition to expand on a global level. Gaming and Visitation Continued to Grow As reported by Inside Asian Gaming, Mohegan INSPIRE […]