Published
Land-BasedCasinoLegal & Regulatory

Unidentified cash worth $7.4m found amid probe at South Korean casino

South Korean police have discovered unidentified cash worth KRW8.1bn ($7.4m) at a resort casino on Jeju Island, potentially connected to alleged theft by an employee at the company.

Jeju cash

The Jeju Provincial Police Agency confirmed that investigators are in the process of analysing if the banknotes – discovered at a safe at the casino – are part of the KRW14.56bn that went missing from the Landing Casino at Jeju Shinhwa World last week.

Investigators also confirmed that a separate sum of money worth several billion South Korean won was found at the residence of a female Malaysian executive, who is reportedly a key suspect in the case.

Having secured camera footage from the casino, police are now searching for the employee, who was in charge of handling funds at the casino. But video recordings at the time of the alleged theft have been erased.

“We are tracking the whereabouts of the cash and the person in question by checking CCTV footage,” police said.

Landing International Development Ltd., the Hong Kong-based operator of the casino, disclosed the cash disappearance last week, having filed a police report through its local affiliate Landing Entertainment Korea.

A statement from the operator last week read: “The board is currently gathering information in relation to the incident and is still investigating the matter.”


Asia News Sponsor
Premium+ Connections
Premium

Revsharks

 
Premium

PIN-UP Partners

 
Premium

Digitain

 
Premium

Sport Generate

 
Premium

1xBet Partners

 
Premium

GammaStack

 
 
Premium

Lynon

 
Premium

RISK

 
Premium

Imagine Live

 
Premium

Galaxsys

 
Premium Connections
Consultancy

SCCG Management

Executive Profiles
Zeal Network SE

Stefan Tweraser

VIP Play

Les Ottolenghi

Scientific Games

Keshav Pitani

Social & App

Spribe CEO exclusive: Simplicity is the foundation

Spribe CEO David Natroshvili speaks to Gambling Insider abou...

Redefining iGaming: A history of crash games

Crash games is a growing vertical that has taken gambling by...

A certain something: What makes crash games special?

Crash games. They’re simple, they’re easy to learn and,...

Smarter innovation to shape the future

Spribe CCO Giorgi Tsutskiridze discusses the past, present a...

Facing Facts: The corner of quarterly contemplation

With Q1 reports out across the industry, Gambling Insider co...

Taking Stock: A guide to key stock prices across the industry

Gambling Insider tracks prices from some of the industry’s...

15 years of Gambling Insider: From the Founders

Over the last 15 years, Gambling Insider magazine has interv...

15 years of Gambling Insider: The Awards over time

Global Gaming Awards Event Manager Mariya Savova gives us he...