South Korea
Jeju Dream Tower casino licensing process to begin this month
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.
Paradise Co. accused of pushing some employees into early retirement
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.
Police make arrest in Jeju casino heist
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.
Jeju union accuses Landing of unfair employee dismissals
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.
GKL extends casino closures to February
Grand Korea Leisure has announced that it will be further extending the closure of its three casinos until February 1, making its pause in business activities a full two months.
South Korean police trace bulk of missing cash, track suspects
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.
Caesars Korea may lose its licence in March
Caesars Korea, a major IR development project in Incheon, may have its license canceled in March due to the long suspension of construction activities and the failure to meet various benchmarks and commitments.
Korea police find cash on Jeju, probing links to missing casino funds
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.
Kangwon Land installs new KL Saberi slots
Kangwon Land on Tuesday installed about a hundred new slot machines on its gaming floor from its own brand manufacturer, KL Saberi, including nine new titles.
Landing Jeju casino theft becomes major media story
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.