Chauffer Suspect in Murder of Taiwanese Mogul Shih Chia-chin

Chauffer Suspect in Murder of Taiwanese Mogul Shih Chia-chin

Hsieh Yuan-hsin could be the primary suspect in the kidnapping and murder of Shih Chia-chin. (Image: Taiwan police)

Taiwanese online gambling ringleader Shih Chia-chin may never be a household title in cyberspace community that is betting but he was infamous in his home nation for the wealth he attained by running his web sites. Now, his murder and kidnapping have actually surprised the island country. Shih’s human anatomy was discovered evening in Tainan County by police sunday. He was allegedly murdered after being kidnapped by his chauffeur and several others on August 18.

Chauffeur Abducted Shih at Airport

On that time, Shih was picked up at the airport that is taoyuan Taiwan by their chauffeur, Hsieh Yuan-hsin. Just three hours later, the accountant at Shih’s company received a telephone call saying that Shih had been demanding and kidnapped a ransom of TW$50 million ($1.67 million). Shih’s family attempted to negotiate with the kidnappers, eventually agreeing to wire TW$30 million ($1 million) to three separate bank accounts.

Whenever the family still didn’t hear from Shih, they contacted the police for assistance later that day. Hsieh evidently made a try to withdraw the transferred ransom soon thereafter, but fled when he had been asked to provide identification during the bank.

Hsieh Flees to Thailand

Despite efforts from prosecutors whom issued a warrant to bar him from leaving the nation, Hsieh managed t Read more

Macau Casino Revenues Down for Third Straight Month

Macau Casino Revenues Down for Third Straight Month

Macau casinos’ gaming revenues were down for the 3rd consecutive month in August. (Image: TripAdvisor.com)

Macau casino revenues might not be as dazzling as in years past, but the Chinese enclave is in no danger of losing its position while the world’s gambling hub that is largest. In terms of pure revenues, nevada and other urban centers simply can not compete with the tremendous amounts of money that are thrown around at Macau’s baccarat tables each day. But when it comes to what seemed like the growth that is endless the area, it appears that the party might be over.

For the 3rd right month, Macau’s gaming revenues dropped for a year-over-year basis. For August, the drop had been 6.1 percent in comparison to 2013, a tumble blamed on a continued campaign against corruption that has hurt the flow of cash from mainland China.

Raw Numbers Still Good, But Growth Has Stopped

That drop won’t be making the gambling enterprises in Macau cry poor anytime soon, however. They still introduced 28.9 billion patacas ($3.6 billion) the thirty days. But analysts had predicted only a 2 percent decrease in gambling revenues, making the size of the decrease one thing of a surprise at significantly more than 3 x that number.

The casino market in Macau has usually relied heavily on VIP gamblers who might spend hundreds of thousands or even an incredible number of dollars in a visit that is single. That market is feeling the strain of an a Read more