Paradise Co Ltd, an operator in South Korea of foreigner-only casinos, has confirmed that it is under investigation by the country’s National Tax Service. The company told it was not aware of “the exact purpose” of the National Tax Service’s probe.
The National Tax Service in November 4, said that they were probing 38 entities regarding allegations of varying offences, including embezzlement of corporate funds and tax evasion.
Paradise Co has foreigner-only casino operations at Walkerhill in Seoul; Jeju Grand on Jeju Island; and Busan Casino in the southern port city of Busan. The firm also runs a foreigner-only gambling venue at the integrated resort complex Paradise City in Incheon, near South Korea’s main airport, under a venture with Japan’s Sega Sammy Holdings Inc.
Paradise Co has suffered from disruption due to Covid-19, including several instances of temporary closure of venues. Paradise City’s casino had to be shuttered earlier in the autumn after several instances of infection among staff. It most recently reopened on September 9.
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