After the success of "Chu Chin Chow", Asche wrote another musical that opened on Broadway in 1920 under the name "Mecca" and then in London the following year under the name "Cairo". It was not a huge success on either side of the Atlantic; in London it ran for 267 performances at His Majestys's. In 1922, Asche visited Australia again, under contract to J. C. Williamson Ltd., and made successful appearances as Hornblower in John Galsworthy's "The Skin Game", Maldonado in Pinero's "Iris", his usual roles in "Chu Chin Chow" and "Cairo", the title character in "Julius Caesar", and in other Shakespeare plays. His wife declined to join him on this tour. After disagreements with the Williamson company, his contract was abruptly terminated in June 1924. On his return to Britain, as a result of excessive gambling, tax debts and unwise investments, he was declared bankrupt in 1926.