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Chinese Cross Korean Anti Online Casino Law

The online casino industry spans the globe. Gamblers everywhere play online casino sites often without knowing where those are located, or not even caring. The cause for this is the international nature of the hobby of gambling. The implications of this are multi-lingual online casinos, cross cultural meetings at tournaments, etc. There is one more aspect of the internationalization of the online casino industry, namely the legal aspect. When an online casino based in one country serves gamblers in another country, the law perspective gets a bit complicated, not always pleasant. Here is a story that is still evolving of such an unpleasant incident.

Such was the lesson learned this week by five online casino operators in China. Their sites were found problematic in the eyes of the Korean legal authorities, who now seek out the operators. Korean cops are looking for gamblers, 76 of them, who have gambled online without knowing that it was illegal to do so in Korea. The total amount they gambled was about 2 million won. The interesting aspect of the story is the social and professional backgrounds of the gamblers – ranging from a doctor to a college student, a company executive to a housewife, and others.

The providers too are not getting away with supplying the online casino sites to gamble at. The Korean authorities have even asked for the help of the Interpol in bringing them to justice. The five are believed to currently be in China. They are members of the same family in Shenzhen. In their Korean operations, the Chinese providers have designed a system of marketing the online casino sites and taking a commission of no less than 8 percent on money transfers.

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.