Gambling News by House of Odds

SPRINGFIELD, Illinois -- A report out this morning shows slumping revenues at Illinois casinos. The Illinois Government Forecating Office says riverboat tax revenue fell almost 18% in the last year. The gambling boats generated $564 million for the state in July down from $685 million a year ago.

South Korean prosecutors have busted an online gambling ring operated by Koreans from the Philippine capital Manila which cleared some 100 million dollars over 18 months, officials said Tuesday.