South Korea’s Jeju Shinhwa World Casino Starts Manhunt as $13 Million ‘Missing’
Posted on: January 8, 2021, 07:31h.
Last updated on: January 8, 2021, 10:59h.
Police on the South Korean tourist island of Jeju are hunting an employee of Landing International’s Jeju Shinhwa World. That’s after the Hong Kong-based operator reported US$13.38 million in Korean banknotes had gone missing from a casino safe.

South Korean news agency Yonhap reports that the female Malaysian employee in charge of the cash left for a vacation before Christmas and is now incommunicado. The money belongs to Landing International.
The case is mystifying because a large amount of cash would be heavy and exceedingly difficult to transport.
According to Yonhap, 291,200 50,000-won bills are missing, which would fill around 12 apple boxes. The total weight of the banknotes would be more than 617 lbs.
Police believe it’s highly likely the money is still on the island because of the difficulty of transporting it undetected via airports or seaports. Nevertheless, they say they are keeping all possibilities open.
Security Footage Wiped
Police told Yonhap that security footage from the time of the theft had been erased. They suspect at least two perpetrators were involved because of the bulkiness of the cash.
But a report in The Korean Times quotes one police officer who said the money appeared to have been taken over a period of seven to eight months.
Opened in 2018, Jeju Shinwa World is an enormous casino resort destination, comprising hotels, several theme parks, a waterpark, and a K-Pop themed entertainment center. As with all but one South Korean casino, it’s foreigner-only, which means locals are forbidden from gambling.
Where’s Bill?
It’s not unheard of for casino employees to go missing with large amounts of cash. In September 1992, a mild-mannered cashier at the Stardust sportsbook in Las Vegas, Bill Brennant, finished up his shift at lunch as usual. He swung his bag over his shoulder, casually said goodbye to his colleagues, and headed for the exit, just as he did every day.
Except on this particular day, Brennant’s’ bag was stuffed with $500,000 of the casino’s cash, worth around $1 million today. Brennant disappeared into thin air, never to be seen again.
In July this year, Las Vegas Sands Corp settled a lawsuit with a disgruntled high roller who claimed that employees of its Marina Bay Sands property in Singapore had transferred $6.5 million of his funds to other casino patrons he didn’t know without his permission.
In September, LVS hired a law firm to investigate employee transfers of more than $1 billion in gamblers’ money to third parties.
Related News Articles
Similar Guides On This Topic
Related News Articles
Philippines Casino Confirmed for Boracay After President Lifts Island Gaming Ban
Macau COVID-19 Conditions Improve, Gaming Consultations Rescheduled
Jeju Shinhwa World Casino Heist: Suspect in ‘Evaporated’ $13M Detained
Most Popular
How the ‘Diamond Lady’ Gambling Boat Ended Up in the Rough — Part III
Kansas City Chiefs QB Patrick Mahomes Sustains High Ankle Sprain in Victory
Nevada Gov. Joe Lombardo Holding Talks On A’s Las Vegas Move
Gold Strike Casino in Mississippi Sees Four People Shot Outside its Doors
Most Commented
-
Las Vegas Mayor Road Rages Against I-15 New Year’s Traffic
January 3, 2023 — 13 Comments— -
Lisa Marie Presley, Only Child of Elvis, Dies of Cardiac Arrest
January 12, 2023 — 11 Comments—
No comments yet