Last August 12, members of the Jeonju police in South Chungcheong Province of Korea, swooped down and arrested 17 people working for an online gambling website. The illegal gambling operations is said to be owned by a Thai national who has been living in South Korea for years, but whose operation is allegedly targeting foreign gamblers. Although gambling is a favorite past time in S.Korea, local gamblers can wager bets only on betting products and lottery tickets offered by the government-owned Sports Toto and Sports Proto betting platforms.
According to local news reports, the law enforcement authorities of Chungcheong Province have been working on the case for several months after the illegal gambling website was detected. Police authorities believed that five offices and four websites are involved, while about 7,300 people are employed by the illegal online gambling business.
Most of the employees facilitate the payment of withdrawals and at the same time provide foreign currency conversion services in accommodating wagers in the appropriate foreign currency. The entire illegal gambling business is estimated to be worth KRW120 billion (US$92.1m) as the network has neem operating since January 2018. It took sometime for the police authorities to pin down the illegal operations, as the business moved to different offices every 2 or 3 months.
The Illegal Gambling Websites Targetted Only Foreign Nationals
We surmise that the foreign nationals being targeted by the Chungcheong gambling operations are those located in neighboring Asian countries like Thailand, Malaysia and Indonesia, where gambling in any form is likewise prohibited.
Actually, South Korea’s gambling laws do not totally prohibit gambling as there are about 23 brick-and-mortar casinos in the country. However, the only casino where Korean nationals can gamble is in Kangwon Land Casino. Sports betting is also allowed but only on sporting events currently being offered as betting products by the government’s official 스포츠토토사이트 (seupocheutotosaiteu or Sports Toto site.)
In S. Korea, gambling in casinos and sports betting are risky forms of entertainment if one is not too careful. Gambling online or outside of Kangwon and the official Sports Toto and Proto betting sites, also increase the risks of getting scammed by unscrupulous individuals. Due to lack of regulatory oversight, local gamblers cannot sue if they suffer losses from wily operators who are not fair and transparent with their betting systems.
Anyway, the best way to stay safe is to refer to the sites recommended as major safety playgrounds by reputable platform reviewers like Betgo Toto. The latter performs meticulous evaluation and verification of the background information including licenses, credentials and customer feedback of sports betting sites and online casinos offering online gambling entertainment in South Korea.Continue Reading