Jeju is tourist location dotted with foreigners-only casinos
South Korean police are on the hunt for a female casino executive who disappeared right after her employer found 14.6 billion won ($13 million) in money missing from the resort’s coffer.
Hong Kong-primarily based Landing International Development Ltd., which operates Jeju Shinhwa World, disclosed in a statement on its web site that it was unable to attain the employee who was in charge of the casino funds. Landing’s shares in Hong Kong plunged 7.6% to a record low on Monday ahead of rebounding 6.4% on Tuesday.
Landing resort and Marriott Resort buildings stand at Jeju Shinhwa World resort, created by Landing International Development Ltd., in this aerial photograph taken above Jeju, South Korea, on Monday, March 12, 2018. Jeju is a single of more than a dozen Asian destinations attempting to money in on China’s appetite for gambling, following the boom in Macau that turned a Portuguese backwater into the world’s most significant gaming strip.
Jeju Provincial Police Agency confirmed that the probe is underway at its anti-corruption group, but declined to elaborate. Jeju, an island off the southern coast of South Korea, is a well-liked tourist location dotted with foreigners-only casinos.
The employee in charge of the funds was a Malaysian national who did not return to work right after going on trip at the finish of December, Yonhap News Agency reported. The missing funds — all in money — would be also heavy and bulky at about 280 kilograms (617 pounds) for a single individual to carry out of the casino, let alone transport off the island. Police secured surveillance camera footage from the casino but the video about the time the funds could have disappeared was erased, according to Yonhap.
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