Asia round-up: Thrilla’ in Manila; antics from Chau’s co-conspirators & Paradise Co

Home » Asia round-up: Thrilla’ in Manila; antics from Chau’s co-conspirators & Paradise Co

Kazuo Okada’s rivals attempt to retake Okada Manila in a thrilla’.
The Okada Manila is embroiled in a new controversy after rival parties attempted to reclaim the casino from Japanese mogul Kazuo Okada.
Social media videos show skirmishes inside the casino as 50 people from Tiger Resorts Asia (TRAL), PAGCOR, and the Philippine National Police posed as casino employees and stormed the resort.

This comes after PAGCOR issued a cease-and-desist order to Okada Manila’s current management (Okada and co).

However, Okada has been protected by a Status Quo Ante Order (SQAO) issued by the Philippines’ Supreme Court since reclaiming the casino. According to the SQAO, he should be reinstated as CEO and Chairman of TRLEI.

The trial, which was scheduled to begin today, was postponed after 11 of the 21 accused for their involvement with Chau failed to appear in court.

However, PAGCOR has stated that it should not stand unless Okada and company can present “valid authority” to back up statements made by the SQAO.

Its position has been supported by the secretary of the Philippine Department of Justice.

The trial of former Suncity CEO Alvin Chau has been postponed until September 19.

The trial of Alvin Chau and his co-defendants has been rescheduled for September 19, 2022.

The trial, which was scheduled to begin today, was postponed after 11 of the 21 accused for their involvement with Chau failed to appear in court.

Chau was the former CEO of the Macau-based casino junket Suncity Group, which is now nearly defunct due to a change in Macau’s gaming laws and the exposure of Chau’s illegal activities.

Chau’s trial is being heard by a three-judge panel, and he was seen arriving under guard.

Philip Wong Pak Ling, Suncity’s former financial director, was among those who did not arrive. His lawyer stated that his client is in the hospital and thus unable to attend.

Chau and his former colleagues were charged with money laundering, fraud, and illegal gambling.

PAGCOR has stated that unless Okada and company can present “valid authority” to back up the SQAO’s statements, it should not stand.

Revenue at Paradise Co casino is up 89% year on year.

Paradise Co reported an 89% month-on-month increase in revenue for August, totaling KRW50.76 billion (US$37.3 million).

Table game sales totaled KRW48.10 billion, a 98% increase from July, while machine game sales increased by 8% month on month.

The South Korean operator’s revenue has increased as Covid-19 restrictions have been lifted in recent months.

This includes easing entry requirements into the country, allowing more visitors to enter without fear of being quarantined.

In South Korea, Paradise Co operates foreign-player-only casinos such as Paradise City in Incheon, Paradise Jeju on Jeju Island, and Walkerhill in Seoul.

This week in other news…

GGR in Macau fell 51% in August.

Macau reported gross gaming revenue (GGR) of MOP$2.18 billion (US$270 million) for August 2022, a 51% decrease from the previous year.

More information is available here…

Macau will begin accepting visitors from 41 countries on September 1, 2022.

The Macau Government has announced that foreign visitors from 41 countries will be permitted to return to Macau. Australia, Japan, Korea, and the United States are among them.

More information is available here…

PAGCOR desires more time.

Alejandro Tengco, the new Chairman and CEO of PAGCOR, says he hopes the operator-turned-regulator is given time to study a proposal to split its operator and regulatory functions.

More information is available here…

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