South Korean Superstars Caught Gambling Illegally with Won.Tons.

South Korean Superstars Caught Gambling Illegally with Won.Tons.

Popular South Korean TV comedian and personality Lee Soo-geun is very the gambler, this indicates. (Image source: asianwiki)

We tend, rightly, to consider North Korea since the region where nothing is allowed and any fun can be had by no one. But as it happens that within their far more cousin that is seemingly westernized the south, the law posseses an iron fist too.

South Korea makes gambling illegal salvage for a couple of state-run and strictly limited opportunities. Yet, lately, a small number of well-known South Korean celebrities have risked it all for the benefit of a quick gambling fix, while having been caught red-handed by the authorities there.

Celebs Get Caught Up

Among those caught up within the gambling allegations are a definite well-known TV host/comedian, two A-list variety show hosts, and a former singer of this culturally popular K-pop variety. They are now all under investigation for unlawful sports gambling.

The Seoul Central District Prosecutors’ Office has established that popular tv comedian Lee Soo-geun has been summoned for questioning, based on suspicions that he wagered a huge selection of millions of Korean won (1KRW is equal to approximately $0.93) on English Premier League soccer matches with a private gambling internet site.

Following news of the comedian’s alleged bad behavior, Lee Soo-geun announced his motives to go out of all programs he is currently appearing on in an eff Read More

U.S. Virgin Islands Could Offer Online Gambling

U.S. Virgin Islands Could Offer Online Gambling

The U.S. Virgin Islands may soon have the ability to offer gaming that is online but many caveats abound. (Image source: Travel.usnews.com)

Most Americans know the U.S. Virgin Islands for summer and beaches that are beautiful they are able to go to without needing to obtain a passport. But because of a ruling that is recent the hawaiian islands’ Attorney General, this vacation spot may soon become simply as well-known as a property for online gambling.

Attorney General Weighs In

V.I. Attorney General Vincent Frazer issued an opinion with other Virgin isles officials, stating that the 2001 V.I. legislation that allowed for Web gambling companies to run in the country would not clash with any federal laws in the United States, meaning that the law could finally be used to enable the territory to host Internet gambling companies. So far, the territory had held off on actually permitting any online video gaming to go forward, because of warnings issued from the federal government.

However, as is often the case in these circumstances, things aren’t quite that clear cut. What the law states only allows for two companies to operate as ‘master providers’ in the territory, shutting out any other operators that are potential. And one or more of those companies states that they’ve lost a majority of their investors in the 12 years since the legislation has passed, because of the doubt around whether they’d ever be able to offer g Read More

Want a Casino? Nj-new Jersey’s Atlantic Club Is On The Auction Block

Want a Casino? Nj-new Jersey’s Atlantic Club Is On The Auction Block

Nj’s distressed Atlantic Club has filed for bankruptcy protection and is now up for auction (Image supply: dol.wa.gov)

It absolutely was quite a weekend that is dramatic Atlantic City.

As New Jersey inches closer and closer to its November 26th online casino launch, PokerStars had been rejected (for now) for the Web gaming permit into the state, the Atlantic Club declared Chapter 11 bankruptcy, and next thing you know, the once-much-sought-after land casino had been increasing for purchase.

Going When, Going Twice

If you are interested in buying a casino having a complete lot of history (this one was originally developed and built by legendary mogul Steve Wynn), now’s your chance. Bids must be received by November 18, therefore the auction itself will require place on an as-yet-undetermined date in mid-December. a bankruptcy that is federal gave her blessings to the hotel-casino to remain running usually for now, beneath the umbrella of its Chapter 11 status.

The Atlantic Club’s attorney Michael Sirota noted that ‘we do plan to move fairly quickly,’ saying the casino is too short on operating budget to stay afloat for very long without a speedy sale bail out after making its court filing last week.

‘It’s the beginning of the process that is necessary’ stated Atlantic Club CEO Michael Frawley. Judge Gloria Burns put her stamp that is green the purchase plan, with everybody’s goal being to go it right along. Read More

Poker Pro Bill Jordanou Stuns Australia with Alleged Bank Fraud

Poker Pro Bill Jordanou Stuns Australia with Alleged Bank Fraud

The poker world is stunned by news of an alleged $70-million bank fraud scandal and Ponzi that is possible scheme well involving pro Bill Jordanou.

What would make a successful poker pro risk everything by getting involved in a massive, multimillion dollar bank fraud and Ponzi scheme plot? That is the question many are now asking regarding Australian poker pro Bill Jordanou, whom is under investigation by Victoria police for his so-called role in a bank fraud that proceeded for years, in accordance with reports.

While details on the reported Ponzi scheme are sparse, the $70 million bank fraud procedure was reportedly carried away with Jordanou’s business partner, Robert Zaia, 45. The two presumably ensnared Zaia’s wealthy clients, via their accountancy company Zaia Arthur & Associates, into an undetailed Ponzi scheme, while simultaneously forging bank papers to secure loans, oftentimes in Zaia’s clients’ names, which they then comingled with home and development loans additionally they received from the bank, for tasks that either never ever existed or were never started.

Bank Holds Victims Hostage

But the caper gets even crazier from here. The bank used for all these transactions was Australia’s biggest: Commonwealth Bank. That bank happens to be holding Zaia’s allegedly scammed clients hostage throughout the loans secured inside huuuge their names, without their authorization. Certainly one of these former Read More