{"id":14231,"date":"2021-02-04T15:48:34","date_gmt":"2021-02-04T15:48:34","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=14231"},"modified":"2026-04-23T22:07:00","modified_gmt":"2026-04-24T01:07:00","slug":"japanese-junket-considers-legal-action-against-former-president","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/japanese-junket-considers-legal-action-against-former-president","title":{"rendered":"Japanese junket considers legal action against former president"},"content":{"rendered":"\n<p>The former president of NINE &amp; PICTURES used company funds to gamble in <strong><em><a href=\"https:\/\/focusgn.com\/asia-pacific\/macau-sees-best-monthly-ggr-in-12-months\" target=\"_blank\" rel=\"noreferrer noopener\">Macau<\/a><\/em><\/strong>. <\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Japan.- The Osaka-based casino junket <strong>NINE &amp; PICTURES <\/strong>may take legal action against its <strong>former president<\/strong> for spending <strong>JPY150m (US$1.4m)<\/strong> of company funds at a Macau casino.<\/p>\n\n\n\n<p>The company&#8217;s founder and former president, who was not named in media reports, used company funds to pay for <strong>gambling trips to Macau between 2014 to 2016. <\/strong><\/p>\n\n\n\n<p>His erratic spending caused him to<strong> file for bankruptcy in September 2019<\/strong> after running up $4.8m in personal debt on top of what he took from the junket.<\/p>\n\n\n\n<p>While<strong> the company<\/strong> is looking to press charges against the former exec, it <strong>cannot expect to receive any sort of financial reimbursement.<\/strong><\/p>\n\n\n\n<p>Despite financial strains, the company continues to grow, with licences in <strong>Macau, Nevada, the Philippines and Queensland, Australia, and agreements with more than 20 casinos globally. <\/strong><\/p>\n\n\n\n<p>Meanwhile, <strong><a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/wynn-resorts-interest-in-japan-ir-undiminished\" target=\"_blank\"><em>Wynn Resorts<\/em><\/a><\/strong> continues to closely monitor the integrated resort situation in Japan, saying that it remains interested in the market. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The former president of NINE &amp; PICTURES used company funds to gamble in Macau.<\/p>\n","protected":false},"author":2,"featured_media":14239,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"NINE & PICTURES, an Osaka-based casino junket, is pursuing legal action against its former president for misappropriating JPY150m (US$1.4m) in company funds for personal gambling in Macau between 2014 and 2016. This incident highlights significant corporate governance failures, despite the company's continued global expansion and licensing in key jurisdictions. Meanwhile, Wynn Resorts maintains its interest in the evolving integrated resort landscape in Japan.","focusai_entities":"NINE & PICTURES, Wynn Resorts","focusai_location":"Macau, Japan, Osaka, Nevada, Philippines, Queensland, Australia","focusai_target_profile":"ceo_executive (0.9), regulator (0.95), compliance_legal (0.95), operator_casino (0.85), payments_fraud_aml (0.9), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Governance Framework Failures?","query":"What specific governance frameworks and internal controls failed at NINE & PICTURES, enabling the former president's misappropriation of corporate funds for personal gambling?"},{"label":"Junket Regulatory Impact?","query":"How will this incident impact the regulatory scrutiny and licensing requirements for casino junket operators in Macau, Japan, and other jurisdictions where NINE & PICTURES holds licenses?"}],"footnotes":""},"categories":[28,16338,439,158],"tags":[23906],"class_list":["post-14231","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-news","category-east-asia-news","category-legal-news","category-slider-home","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/14231","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=14231"}],"version-history":[{"count":6,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/14231\/revisions"}],"predecessor-version":[{"id":14248,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/14231\/revisions\/14248"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/14239"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=14231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=14231"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=14231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}