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Illegal Online Sportsbook Disguised As Pre-School

18 January 2012 by CasinoListings

This story was published more than 11 years ago.

Police in South Korea have shut down an illegal gambling website that was being disguised as a pre-school.

Prosecutors in the Busan District indicted thirteen people that gambled on the website while police were looking for three gangsters that were linked to the website. During a three month investigation, more than 260 bank accounts and cell phone records related to the website were monitored.

The illegal site was open for business between April 2010 and October 2011 and allowed gamblers to place bets on sports matches and even had another site that was optimized for mobile users. The site ran through a server in Japan and a Chinese currency exchange booth, and took in nearly 12.5 billion Won ($10.5 million US) while catering to hundreds of users.

A prosecutor involved in the case said “Gangsters’ main source of funds seems to have shifted from illegal gambling arcades to online betting sites. We think there may be many more such sites and (we) will expand the probe,”