Jeju police track down missing Landing International money but suspects on the run
Authorities on Jeju Island, South Korea say they have tracked down the majority of KRW14.56 billion (US$13.4 million) reported missing last week by integrated resort operator, Landing International Development Ltd. According to a report by Yonhap News Agency, police have...
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Police discover mystery US$7.4 million in Landing Casino safe as employee theft scandal deepens
Officers investigating the disappearance of KRW14.56 billion (US$13.4 million) in cash from Landing International Development Limited’s South Korean business have discovered an unidentified pile of cash in a safe totaling KRW8.1 billion (US$7.4 million). Yonhap News Agency is reporting that the...
Grand Hyatt in Lotte Tour’s Jeju Dream Tower granted 5-star rating
Grand Hyatt Jeju, the hotel located within Lotte Tour Development’s US$1.4 billion Jeju Dream Tower integrated resort, has been granted a 5-star rating – paving the way for the launch of casino operations this quarter. According to local media reports,...
Seoul casino Paradise Walkerhill reopens to customers as Paradise Co sees revenues soar in December
South Korean foreigner-only casino operator Paradise Co saw its casino revenue surge in December, rising 331.5% on November numbers to KRW42.22 billion (US$38.8 million). While that figure was still down 39.4% year-on-year, it represented a substantial improvement on any monthly...
Landing International looking for employee after US$13.4 million goes missing in Jeju
Landing International Development Limited has revealed it is currently searching for one of its employees after discovering around US$13.4 million in cash belonging to the group in Jeju, South Korea has gone missing. According to a Hong Kong Stock Exchange...
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Lotte Tour looking to open casino at Jeju Dream Tower in March
Korean-based tourism company Lotte Tour Development Co could launch casino operations at its recently opened integrated resort, Jeju Dream Tower, as early as March. According to a report by local media group Money Today, Lotte Tour plans to apply for...
Grand Korea Leisure confirms casinos closed until 18 January
South Korean foreigner-only casino operator Grand Korea Leisure (GKL) says it will keep its casinos closed until at least 18 January following confirmation by the government that the nation’s strict social distancing measures would be extended by two weeks. As...
South Korean casinos facing long road back as national COVID-19 restrictions extended to 17 January
Casinos in and around the South Korean capital city of Seoul will remain closed for at least another two weeks after authorities announced Saturday the extension of strict social distancing measures until 17 January. The measures will see Level 2.5...
