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Perspective on the South Korean Online Gambling Market: The Struggle Between Legal Vacuum and Underground Economy

Perspective on the South Korean Online Gambling Market: The Struggle Between Legal Vacuum and Underground Economy

The online gambling market in South Korea has formed a unique dual structure under strict bans, with the legal market and the gray area coexisting without contradiction.As one of the few countries globally that comprehensively bans online gambling, South Korea only allows limited legal sports bettin

28like·0commentyesterday
Thailand pushes for entertainment complex plan, Ministry of Finance: Legal casinos are safer than illegal gambling.

Thailand pushes for entertainment complex plan, Ministry of Finance: Legal casinos are safer than illegal gambling.

According to "The National", Julapun Amornvivat, the Deputy Minister of Finance of Thailand, defended the government's plan to develop an integrated entertainment center (including regulated casinos) due to concerns about Thailand's international image.Julapun refuted claims that legalizing gambling

24like·0comment3 days ago
The British Horseracing Authority warns: Convergence of tax rates with online casinos will threaten the global competitiveness of British horseracing.

The British Horseracing Authority warns: Convergence of tax rates with online casinos will threaten the global competitiveness of British horseracing.

At a recent think tank conference held by the Social Market Foundation (SMF) in the UK, top leaders in the horse racing industry strongly opposed the government's proposal to raise the betting tax rate for horse racing to align with online casinos. Currently, horse racing betting in the UK is subjec

24like·0comment6 days ago
Global gambling giant Wynn targets Thailand! Interested in investing in Thai integrated entertainment venues!

Global gambling giant Wynn targets Thailand! Interested in investing in Thai integrated entertainment venues!

Thailand's Deputy Finance Minister Julapan held an investment discussion with Wynn Resorts, a globally renowned integrated resort operator. The two parties had an in-depth exchange on the prospects of developing the integrated entertainment industry in Thailand.Wynn Resorts highly praised Thailand's

27like·0commentA week ago
Norway Strikes Hard Against Illegal Gambling! The Norwegian Gaming Authority (Lotteritilsynet) Warns Media Not to Provide a Platform for Unlicensed Operators.

Norway Strikes Hard Against Illegal Gambling! The Norwegian Gaming Authority (Lotteritilsynet) Warns Media Not to Provide a Platform for Unlicensed Operators.

The Norwegian Lottery Authority (Lotteritilsynet) recently issued a formal warning to domestic media, demanding that they stop promoting any form of illegal gambling operators. This warning comes as the Eurovision Song Contest and several major summer sports events are about to take place, which are

29like·0commentA week ago
UK levies over £100 million in statutory gambling taxes: Lack of robust regulation may lead to a crisis of trust, Better Change founder calls for transparent governance mechanisms.

UK levies over £100 million in statutory gambling taxes: Lack of robust regulation may lead to a crisis of trust, Better Change founder calls for transparent governance mechanisms.

As the UK officially implements the "statutory levy" on gambling in 2025, Victoria Reed, founder of the gambling safety advocacy organization Better Change, warns that the substantial taxes levied on the gambling industry may not only fail to effectively mitigate gambling-related harms but could als

25like·0commentA week ago
The Silent Crisis: Online Gambling is Devouring Senegal's Young Generation

The Silent Crisis: Online Gambling is Devouring Senegal's Young Generation

In Senegal, a gambling wave driven by smartphones is quietly spreading, altering the life trajectories of countless young people. The proliferation of online gambling apps has turned the dream of "getting rich overnight" into a bait for traps, especially in cities like Dakar, Touba, and Saint-Louis,

29like·0commentA week ago
Thailand's Underground Lottery Market Survey: Nearly 50% of the Population Knowingly Engage in Illegal Activities, Viewing It as a "Social Norm"

Thailand's Underground Lottery Market Survey: Nearly 50% of the Population Knowingly Engage in Illegal Activities, Viewing It as a "Social Norm"

The underground lottery phenomenon in Bangkok, Thailand, has once again attracted attention. According to a recent report jointly released by the Somdej Public Opinion Center and Rajabhat Bansomdejchaopraya University, although most Thai people are aware that the underground lottery is illegal, it i

29like·0commentA week ago
The Botswana Gambling Authority (GA) has issued ten gambling company licenses, six of which have already commenced operations.

The Botswana Gambling Authority (GA) has issued ten gambling company licenses, six of which have already commenced operations.

The Botswana Gambling Authority (GA) has issued ten gambling licenses, marking progress in the regulation of the country's gambling industry.According to the authority, six licensed institutions have started operations. One has withdrawn, and the remaining three are expected to start operations at a

22like·0comment05-12
UK Gambling Trends: Gamstop Annual Report Reveals 1% of Adults Choose Self-Exclusion

UK Gambling Trends: Gamstop Annual Report Reveals 1% of Adults Choose Self-Exclusion

The latest annual report released by the UK gambling self-regulation organization Gamstop shows that since the program started in 2018, about 560,000 UK adults (approximately 1% of the national population) have voluntarily registered for the gambling self-exclusion service.This number far exceeds ex

59like·0comment05-04
Why are more and more online casino players in the UK turning to international offshore sites?

Why are more and more online casino players in the UK turning to international offshore sites?

With the rapid development of the online casino industry, more and more players are turning to international offshore sites to meet their growing gambling needs.While UK-regulated casino platforms still hold an important position, an increasing number of players find that the various advantages off

24like·0comment05-01
Sri Lanka will submit a bill to the parliament to regulate online gambling and the "offshore casinos" in Colombo Port City.

Sri Lanka will submit a bill to the parliament to regulate online gambling and the "offshore casinos" in Colombo Port City.

The Sri Lankan cabinet has approved the publication of a bill draft in the Gazette, aimed at establishing an agency called the "Gambling Regulatory Authority." This agency will regulate various forms of online gambling, shipboard gambling, and the so-called "offshore casinos" in the Colombo Port Cit

27like·0comment05-01
Sri Lanka launches major gambling regulatory reform: New agency to oversee both casinos and online platforms

Sri Lanka launches major gambling regulatory reform: New agency to oversee both casinos and online platforms

In response to the rapid expansion of the gambling industry in recent years and to fill regulatory gaps, the Sri Lankan government is accelerating the establishment of a new gambling regulatory body, named the "Gambling Regularization Authority." This move marks a critical step towards establishing

32like·0comment04-25
The French regulatory authority ANJ has imposed a fine on SPS Betting for non-compliance in its operations.

The French regulatory authority ANJ has imposed a fine on SPS Betting for non-compliance in its operations.

The ANJ Sanctions Committee has ruled that SPS Betting, the operator of the Kindred Group's Unibet brand, has been fined 800,000 euros for failing to meet the requirements of France's self-exclusion system.SPS Betting, headquartered in Malta, holds three French licenses covering online betting, hors

23like·0comment04-22
The Dutch Gaming Authority (KSA) has imposed a fine of 1.2 million euros on Techno Offshore for providing illegal gambling games.

The Dutch Gaming Authority (KSA) has imposed a fine of 1.2 million euros on Techno Offshore for providing illegal gambling games.

The Dutch Gaming Authority (KSA) has imposed a fine of 1.2 million euros on Techno Offshore Limited for operating an online casino without the necessary licenses.After extensive investigations, it was found that Techno Offshore allowed Dutch players to access nolimitbet.com and simplecasino.com with

23like·0comment04-14
Sweden takes measures to address legal loopholes in online gambling regulation, with the government reviewing the Gambling Act.

Sweden takes measures to address legal loopholes in online gambling regulation, with the government reviewing the Gambling Act.

A newly released analysis report has revealed the challenges Sweden faces in combating unlicensed online gambling operators.According to the Swedish Gambling Authority (Spelinspektionen), although the supply of unlicensed online gambling remains large and easily accessible, the demand is limited to

21like·0comment04-14
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