According to the Las Vegas Review-Journal, both Paul Phua and his son Wai Kit “Darren” Phua were both finally released from detention on Monday.
We reported earlier in the month that Paul Phua and his son were among eight people arrested in Las Vegas for allegedly taking illegal bets worth millions on the World Cup.
Just a few days later it was also reported that Paul Phua had put his $48 million up as collateral as well as find someone to post bail of $2 million for their release. Good friends and fellow high stakes player Andrew Robl and Phil Ivey were those to front up the money but that did not guarantee release either.
As soon as the U.S Magistrate Judge Bill Hoffman granted them bail on the grounds that they stay on ‘home detention’, they were then taken into custody by ICE, which works as part of the U.S Department of Homeland Security. They were taken into custody whilst an investigation decided whether or not they should be deported.
However, it has now come to light that both Paul Phua and his son Darren Phua have been released from ICE.
Paul Phua is a rich businessman from Hong Kong that loves to play high stakes poker on the side. He regularly takes part in high roller tournaments and can be found online at poker sites PokerStars and Full Tilt Poker under the name of ‘MalACEsia’.
The Las Vegas Review-Journal also reports that Phil Ivey, who put some money towards the bail of the Phuas’ is also looking to post bail for one of the others that has been arrested. Wai Kin Yong is the son of another well known high stakes player Seng Chen Yong and Ivey is reportedly happy to post bail of between $500k and $1 million.
Additionally, it has been reported that a number of other well known players have been rallying around the high stakes players such as Tom “Durrrr” Dwan and John Juanda with the former even being there when the arrest took place.
We will obviously let you know of any developments in this story as and when we have any new information ourselves.