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SBMA orders closure of the Oriental Paradise Casino

The Subic Bay Metropolitan Authority (SBMA) has ordered the closure of the Oriental Paradise Casino for allegedly ignoring the agency’s reminders on its unfulfilled obligations.

SBMA chair Roberto Garcia on Monday reportedly issued a cease-and-desist order to Frontier Wish International Ltd. (FWIL), operator of the Oriental Paradise Casino for refusing to heed freeport rules on revenue-sharing.

The company has yet to issue a statement regarding the closure order.

In the letter, Garcia cited an SBMA board resolution which states that casinos being operated by the Philippine Amusement and Gaming Corporation (Pagcor) should remit 3 percent of the gross casino winnings as SBMA’s share.

Garcia added these conditions apply to all freeport locators engaged in casino operations.

“Our consent can only be given within the bounds of this reasonable and sound regulation of casino operations within the [freeport],” he said in the letter.

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

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