{"id":15907,"date":"2021-03-16T16:33:16","date_gmt":"2021-03-16T16:33:16","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=15907"},"modified":"2026-04-23T21:04:26","modified_gmt":"2026-04-24T00:04:26","slug":"landing-expects-to-recover-jeju-casino-stolen-funds","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/landing-expects-to-recover-jeju-casino-stolen-funds","title":{"rendered":"Landing expects to recover Jeju casino stolen funds"},"content":{"rendered":"\n<p>The operator hopes to recover at least KRW13.4bn (US$11.8m) from KRW14.56bn (US$13.4m) that was stolen from its casino on Jeju island in South Korea.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>South Korea.- Landing International Development has announced it expects to recover part of the cash that it lost through a theft at the <strong>Landing Casino on Jeju island<\/strong>.<\/p>\n\n\n\n<p>The company reported in January that <em>a <\/em><a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/police-discover-us7-4m-at-south-korean-casino\" target=\"_blank\"><em>Jeju Shinhwa World employee had allegedly stolen KRW14.56bn ($13.2m<\/em>)<\/a>.<\/p>\n\n\n\n<p>The police arrested three suspects and seized <strong>approximately KRW13.4bn (US$11.8m)<\/strong>, which was placed in a deposit account held by Jeju police.<\/p>\n\n\n\n<p>Landing said: &#8220;The seized money is expected to be <strong>part of the amount the group missed<\/strong> as a result of the incident.<\/p>\n\n\n\n<p>&#8220;The investigation of Jeju Police is still ongoing, and it is anticipated that <strong>the seized money will be returned to the Group <\/strong>after the relevant investigation and\/or legal procedures are completed.&#8221;<\/p>\n\n\n\n<p>The company said it expects to <em><a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/landing-international-expects-3-decline-in-revenue-for-2020\" target=\"_blank\">report a decline in revenue for 2020<\/a><\/em> due to a combination of the theft and <strong>a major drop in visitor numbers <\/strong>to its foreigner-only casino.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The operator hopes to recover at least KRW13.4bn (US$11.8m) from KRW14.56bn (US$13.4m) that was stolen from its casino on Jeju island in South Korea.<\/p>\n","protected":false},"author":176,"featured_media":15909,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Landing International Development anticipates recovering a significant portion of the KRW14.56bn (US$13.2m) stolen from its Landing Casino on Jeju Island, South Korea, with KRW13.4bn (US$11.8m) already seized by police. This theft, alongside reduced visitor numbers, is projected to cause a decline in the operator's 2020 revenue, impacting its financial performance.","focusai_entities":"Landing International Development, Landing Casino, Jeju Shinhwa World, Jeju Police","focusai_location":"South Korea, Jeju Island","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.9), operator_casino (0.9), payments_fraud_aml (0.8), investor_analyst (0.9), journalist_researcher (0.8)","focusai_suggestions":[{"label":"Recovery Timeline?","query":"What is the projected timeline for the full recovery of the seized funds, and what legal or procedural hurdles remain?"},{"label":"Internal Control Review?","query":"Has Landing International initiated an independent review of its internal controls and security protocols following this significant breach, and what corrective actions are planned?"}],"footnotes":""},"categories":[28,16338,158],"tags":[23907,23924],"class_list":["post-15907","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-news","category-east-asia-news","category-slider-home","tag-land-based-casino","tag-landing-international"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/15907","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=15907"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/15907\/revisions"}],"predecessor-version":[{"id":15935,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/15907\/revisions\/15935"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/15909"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=15907"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=15907"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=15907"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}