Korean Entrepreneur Arrested in Major Gambling Scandal

Kim Min-seok has been at the forefront of a gambling arcade boom that has been in operation for over a decade, now he might have to pay the price after he was arrested.

Min-seok pannicked feverishly as authotities searched his home looking for evidence to link him to the gambling operation.

As his high rise home was being raided, Mi-seok tried to destroy evidence by trying to throw his computer out the window and attempting to shred evidence.

Although gambling is illegal in South Korea, the arcade business has grown into a $27 billion market in the area.

Gambling laws have been bypassed by developers in the country by giving out gift certificates and other prizes instead of actual money.

Min-seok has been in the industry since he started a string of popular arcade games that grew into a multibillion dollar empire of gambling arcades for himself.

August 31, 2006
Posted By Vincent Tapoglia III
Staff Editor, CasinoGamblingWeb.com    Previous Page | Internet Gambling | Top Online Casinos | Submit News!