Tag: casino

Malaysian Woman Steals 14.5 Billion Won From Jeju Casino

There had to be more than just the Malaysian employee involved with this heist of money from this casino on Jeju Island. What did she do wheel out 300 kilogram of money on a dolly through the casino?:

A stash of W8.1 billion has been found in a secret safe at the Landing Casino in the Shinhwa World Marriott Resort on Jeju Island, where billions have gone missing (US$1=W1,097).

Police said Wednesday that the new stash was found in a safe in a secret vault in the casino from where another W14.5 billion in cash had vanished without a trace. 

The secret vault is not the casino’s ordinary safe where chips and gambling money are stored, but a 50 sq.m space containing dozens of safes of different sizes. 

Police discovered the new stash of money while raiding the secret vault after the casino filed a report accusing a female Malaysian executive of making off with the W14.5 billion in crisp W50,000 notes that would have weighed nearly 300 kg.

The 55-year-old woman disappeared last December and is suspected of absconding with the money on behalf of her boss, the troubled Hong Kong-based chairman of Landing International, Yang Zhihui.

Chosun Ilbo

You can read more at the link. but this money could still be stashed around Jeju with some of it already being found by police.

Picture of the Day: Foreigners Only Mega-Casino Opens In South Korea

S. Korea's first casino resort opens

Pictured is the casino of Paradise City, South Korea’s first casino and hotel complex, which opened in Yeongjongdo, close to Incheon International Airport, west of Seoul, on April 20, 2017. The construction of the mega-scale foreigners-only casino resort, worth 1.3 trillion won (US$1.14 billion), kicked off in late 2011 on a 300,000-square-meter lot. (Yonhap)