Korean casino employee disappears with $13.4 million

Officials at South Korean casino operator Landing International revealed that a company employee recently went missing along with $13.4 million in company cash. It's an extraordinarily embarrassing admission for the company and will almost certainly have an impact on the operation's daily business and uncertain future. And to make things even worse, this is isn't…

Political Turmoil Drives Down South Korean Casino Revenue

The South Korean casino industry is feeling the impact of worldwide political turmoil in the form of lower revenue for Q1 2017. It's a challenging situation that could get a lot worse as relations between South Korea, North Korea, and China deteriorate. One of the biggest challenges for South Korean casino operators is that they…

Legal Gambling Yields Huge Dividends for South Korean Government

Regulated gambling is a big business is a massive business in South Korea and the government is benefiting from it to the tune of $3,6 billion a year. That's the gist of an analysis of National Gambling Control Commission records by the¬†Korean Taxpayers Association. The numbers paint a picture of a robust industry that's generating…