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The lenders are charging Soo borrowed $500,000 from them and has not paid the bill. Worse for Soo, at least some of that dollars was spent gambling in South Korea at the Paradise Walker Hill Casino in Seoul. If Soo is convicted, she faces a $ten,000 fine and up to two years in jail. The South Korean government is charging that Soo is not an occasional gambler who visits the Macau casinos once a year. Alternatively, they are charging that Soo is a “habitual” gambler, which implies she has broken South Korean laws with regards to gambling. The prosecutors are alleging that Soo lost over $700,000 in the final two years gambling at the casinos in Macau.
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- Other news saw what seems to be the end of Caesars quest for an IR in the country and a reaffirmation of Las Vegas Sands Corp's desire to develop a mega-resort and casino in Busan.
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- Such regulation generally leads to gambling tourism and illegal gambling in the locations specifically exactly where it is not allowed.
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