Okada pleads not guilty, plus Gambling Insider's weekly Asia round-up

Kazuo Okada pleads not guilty to “grave coercion” charges 

asia news round up kazuo okada

Japanese billionaire Kazuo Okada has pleaded not guilty to charges of “grave coercion” made against him for the alleged forceful takeover of the Okada Manila Casino & Resort on 31 May 2022. 

Okada, alongside now former colleagues from Tiger Resorts Leisure & Entertainment (TRLEI) – the company which operates the Okada Manilla – were present at the METC Paranaque, Branch 91 court when pleas were heard. 

Okada’s associates, Antonio Cojuangco, Dindo Espeleta and Attorney Florentino M. Herrera all joined Okada in entering pleas of not guilty. 

Spokesperson for Okada, Attorney Rico Quicho, said: “Kazuo Okada and his group reiterate that they will face the allegation in a just and very honest way and fight until full justice is obtained.  

“The group remains confident that these grave coercion cases will be dismissed for the utter failure of the prosecution to prove its charges with the quantum of evidence required in criminal cases, which is proof beyond reasonable doubt.  

“These grave coercion cases would suffer dismissal just like the six other criminal complaints filed by the ousted board of TRLEI/Divina Law Office for insufficiency of evidence and lack of merit.” 

Elsewhere this week... 

Philippines’ AML watchdog attempting to take country off FATF grey list  

Staying in the Philippines, the country’s anti-money laundering (AML) watchdog is supposedly working to remove it from the Paris-based Financial Action Task Force (FATF).  

FAFT currently has the Philippines registered as a grey-listed market, but the Philippines’ Anti-Money Laundering Council (AMLC) noted its belief that guidelines are in place to enforce greater AML and combat the finance of terrorism (CFT) controls.   

This is what the AMLC believes will get the Philippines removed from the FATF grey list.   

Click here for more... 

NSW inquiry uncovers billions laundered through poker machines  

An inquiry led by the New South Wales (NSW) Crime Commission (NCC) has found pubs and clubs are being used to launder billions of dollars through poker machines.   

Although the NCC inquiry could not detail the exact amount of “dirty cash” being funneled through poker machines, around AU$95bn (US$61.72bn) in total is believed to go through every year.   

Click here for more... 

Former junket boss Alvin Chau changes lawyer mid-trial  

The former boss of the now-defunct Suncity junket Alvin Chau has changed lawyers partway through his trial.   

Chau was charged with founding and leading the criminal group Suncity, a company through which he allegedly laundered money and ran illegal offshore gambling activities.   

Click here for more... 

Osaka establishes ordinance for gambling addiction  

Over in Japan, the region of Osaka has established and passed an ordinance draft to endorse measures that counter gambling addiction.   

The news comes ahead of the expected issuance of a licence for the Osaka region to build an integrated resort (IR). 

Click here for more... 

Premium Leisure Q3 revenue up 16% year-on-year  

Operator of City of Dreams Manila, Premium Leisure, posted revenue of PHP 615.3m ($10.5m) for Q3 2022, up 16% year-on-year.   

The company – itself a subsidiary of Belle Corp – also saw its net income rise by 16% to PHP 382.9m. 

Click here for more... 

Delhi police arrest 29 for gambling during Diwali  

Delhi police forces have arrested 29 people for gambling at the Hotel City West End in Punjabi Bagh during Diwali.   

Over Rs 5.8m (US$70,000) and 10 sets of playing cards were seized by police when making the arrests. 

Click here for more... 

Missed a big gambling industry story in Asia? Don't worry, Gambling Insider has you covered with our Asia round-up.     

Casino News Sponsor
Premium+ Connections
Premium Connections
Executive Profiles
The Star Entertainment Group
Bayes Esports
Gordon Moody
Follow Us