Lotte Tour Development is reportedly planning to submit its application to license its casino within Jeju Dream Tower this month. The firm is aiming for a March opening.
Accusations have appeared in the Korean media alleging that Paradise Co, used some questionable tactics to encourage some employees into early retirement as part of the firm’s measures to reduce costs.
South Korean police have arrested one of three subjects sought in connection with the theft of about $13.3 million from Landing International's Jeju casino. The unidentified man was described as an employee of an agent company that attracts and manages casino customers.
The Jeju Tourism Service Union, LEK Branch of the Federation of Korean Trade Unions, is accusing Landing International of both inept and opaque management practices surrounding the major theft of cash as well as the unfair dismissal of four Jeju Shinhwa World employees.
South Korean police say they believe they have located the bulk of the KRW14.56 billion ($13.3 million) missing from the Jeju Shinhwa World casino are are seeking three suspects.
South Korean police have discovered cash worth KRW8.1 billion ($7.4 million) at a resort on Jeju island and are trying to determine whether it is linked to a cash pile of KRW14.56 billion that went missing from Landing International's casino at Jeju Shinhwa World last week.
It may not precisely be Ocean’s Eleven, but the theft from the casino at Landing International Development’s Jeju Shinhwa World has nevertheless captured the imagination of both the Korean domestic and the international news media.