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Duterte charge of heart helps Manila casino stocks

July 8, 2021
In the Philippines and the individual share prices for some of the nation’s largest casino operators have reportedly risen sharply following a dramatic change of heart from President Rodrigo Duterte (pictured).
According to a report from the Bloomberg news service, the 76-year-old leader has been an outspoken critic of gambling for many years and even went so far as to institute a moratorium in 2018 on the building of any new casinos outside of metropolitan Manila’s large Entertainment City zone.
Timely turnaround:
reversed his long-held position on gambling due the need for his nation
to raise much-needed cash amid the coronavirus pandemic. The country of around 109 million people has purportedly recorded ....

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Welcome news for Landing International Development Limited

According to a report from Inside Asian Gaming, the cash was pilfered from the Hong Kong-listed operator in January and prompted an intensive search for a missing employee of the giant South Korean property’s Landing Casino. The source detailed that local police subsequently arrested three individuals who have now assisted in the recovery of some $11.8 million, which is currently being held as evidence in an ongoing investigation.
Expanding estate:
Landing International Development Limited opened its vast
Jeju Shinhwa World property in April of 2017 and has since been gradually adding facilities to the Jeju Island development including the 344-unit
Somerset Jeju Shinhwa World condominium complex and the 20-ride ....

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Malaysian worker at large after S$17.6 million in cash goes missing at South Korean casino

January 12, 2021
The Jeju Shinhwa World resort.
shinhwa.com
Police in South Korea have launched a hunt for a Malaysian employee after a huge sum of cash mysteriously disappeared from a Hong Kong-backed casino in the southern resort island of Jeju.
Jeju Shinhwa World, one of South Korea’s largest integrated resorts, last week filed a police report saying that 14.56 billion won (S$17.6 million), all in South Korean banknotes, had gone missing from Landing Casino at its compound, according to a Yonhap news agency report.
Landing International Development Ltd, the Hong Kong -based owner and operator of Jeju Shinhwa World, this week disclosed the cash disappearance from Landing Casino on its website. ....

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Landing International reports missing money in Jeju

January 11, 2021, 8:40 am
·
Landing International Development Limited faced the beginning of the year with US$13.4 million in cash reported missing.
The missing money belonged to the group in Jeju South, Korea and was reported missing on Jan 4, 2021. The company is currently searching for one of its employees who was reported missing along with the significant amount of money.
The management has not been able to
reach the missing employee who is the alleged perpetrator of the crime since he was in charge of the funds.
The case was immediately reported by the company and the police in South Korea are currently investigating it. ....

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Jeju island casino thief makes off with $13.4m

Landing International Development Ltd. reportedly suspects that an employee at its Jeju Shinhwa World resort casino in South Korea stole over 617 lbs worth. ....

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