In the Philippines, the operator of Oriental Paradise Casino has been ordered to close the facility after allegedly failing to comply with revenue-sharing rules set by the Subic Bay Metropolitan Authority.
According to a report from the Philippine Daily Inquirer newspaper, Frontier Wish International Limited was issued with a cease-and-desist order by Roberto Garcia, Chairman for Subic Bay Metropolitan Authority, on July 25 but had yet to respond to the command.
The instruction sent to Alexander Betita, Chief Operating Officer for Frontier Wish International Limited, reportedly stated that the authority for the duty-free economic zone had been forced to issue the closure order after the casino operator ignored repeated reminders regarding its unfulfilled obligations.
The newspaper cited Kenneth Rementilla, Leisure Business And Investment Department Manager for the Subic Bay Metropolitan Authority, as explaining that Frontier Wish International Limited has operated Oriental Paradise Casino in Subic Bay since taking over from a previous owner in July of 2012.
Although the cease-and-desist order did not specify what the casino operator owes to the Subic Bay Metropolitan Authority, the newspaper reported that it did refer to a series of unsuccessful counter-offer negotiations. The command also purportedly mentioned a resolution that mandates casinos operated by the state-run Philippine Amusement And Gaming Corporation in the former United States Navy base are required to hand over 3% of gross winnings from gaming to the local authority.
The Subic Bay Metropolitan Authority further reasoned that these conditions should apply to all casinos operating in the Luzon seaside resort and that the closure command would lapse once Frontier Wish International Limited complied with these conditions.
“Our consent can only be given within the bounds of this reasonable and sound regulation of casino operations within the [freeport],” read the order.