A Philippine court has ordered the arrest of Kazuo Okada, a Japanese billionaire casino mogul, who has been charged three counts of fraud while he was CEO of Tiger Resorts.
Okada, age 76, a man who first made his huge fortune in the 1990s as a supplier of pachinko machines to Japan and eventually made a big early investment into Wynn Resorts, has been accused to have siphoned $3.16 million from Tiger Resorts during his term as chief executive.
Read more » Japanese Billionaire Casino CEO Faces Arrest on Fraud Charges
In this story, the rich get even richer. A billionaire businessman from Brazil named Pedro Grendene Bartelle wagered in roulette almost a whopping $35,000 on number 32 at the casino of the Hotel Conrad located in Punta del Este, Uruguay.
