Daegu Casino in South Korea Bilked Foreign Players for $3.5M, Say Prosecutors

South Korean prosecutors hold indicted 12 people suspected of defrauding strange patrons during crooked games at Golden Crown’s Daegu Casino. The cassino is based at the Hotel Inter-Burgo in the urban center of Daegu inward the sou'-east of the country and owned by South Korea’s Golden Crown Co. Ltd. Among the accused are the casino’s executives, managers, and dealers.

The Daegu District Prosecutor’s Office alleges the casino bilked ii high-rolling Chinese baccarat players out of $4.5 billion won (US$3.5 million) in Sep 2017 past using stacked decks and a card-manipulation technique known as “bottom dealing.”

This is where a corrupt dealer pulls a card from the merchant ship of the bedight piece using sleight of mitt to micturate it come along the scorecard was dealt from the top, as normal.

The team used the same technique to chisel a Nipponese visitor come out of 54 one thousand thousand won (US$42,000) inward July 2017, according to prosecutors.

Financial Malfeasance

The 12, who get non been named past South Korean media, experience been charged diversely with cassino cheating, malfeasance, and misappropriation.

Additionally, II Golden Crown executives are accused of adoption to a greater extent than US$7 gazillion from a Hong Kong-based financial services provider and and then loaning around US$5 trillion of it to a fellow executive director without security.

Another executive allegedly misappropriated around US$730,000 of companionship money for his have personal use.

The Daegu Casino has account with the District Prosecutor’s Office. It was antecedently accused of stealing around US$2 1000000 from III baccarat players 'tween May 2012 and April 2014, using scorecard manipulation.

It was also fined US$8,000 for allowing South Korean nationals to take a chance on the premises from Sep 2011 to Mar 2012. Casinos in South Dae-Han-Min-Gook are strictly foreigner-only, with one exception: the state-owned Kangwon Land, around 80 miles from uppercase Seoul.

Tarnished Image

Because of this policy, casinos amount below the remand of the Ministry of Culture, Sports, and Tourism, which is expected to make a dip prospect of activities that mightiness damage tourism inward South Korea.

According to the country’s AP News, Golden Crown is likely to face wicked sanctions, including the possible red ink of its gaming license.

There feature been calls for the ecesis of an main(a) gaming regulator inwards South Han-Gook to increment inadvertence o'er licensees.

“Fraudulent play is tarnishing the international range of a function of all casinos inwards Korea,” i anonymous manufacture functionary told South Korea’s BreakNews in May, when reports of the Daegu Casino investigating emerged. “We want the strict will of relevant organizations. group A casino supervisory organic structure should live naturalized as a matter of urgency.”

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