Casino
September 9, 2022
Court Denies Okada’s Appeal against PAGCOR
Japanese billionaire and founder of the Okada Manila Casino Resort Kazuo Okada is not giving up on the fight over the control of the resort that easily. Okada recently made an attempt to block the decision by the Philippine Amusement and Gaming Corporation (PAGCOR) to reinstate the board of directors of the resort’s operator Tiger […]
Legal
August 29, 2022
Former TRLEI Board Accused of Theft by Current Okada-led Executives
The saga over the control of the Okada Manila Casino Resort still continues. The next move in the dispute comes from the board of the casino operator Tiger Resort, Leisure and Entertainment, Inc (TRLEI) led by Japanese millionaire Kazuo Okada. The executives have filed a lawsuit against the former TRLEI board members on theft charges […]
Legal
August 5, 2022
Okada Manila Corporate Wrangle to Continue with Inspection
The corporate wrangle around Okada Manila casino integrated resort in the Philippines continued with the board backed by Tiger Resort Asia (TRA) sending a demand letter to the board backed by Kazuo Okada demanding internal documents inspection. Disbursing Funds from the Casino Cage TRA, the owner of 99.9% of the voting rights of Tiger Resorts, […]
Legal
July 12, 2022
Dispute over Okada Manila Rages in Battle of Public Statements
While awaiting court proceedings, the battle for the Okada Manila casino resort continues to rage through a sharp exchange of remarks between the opposing parties – the group led by Japanese billionaire and founder of the resort, Kazuo Okada, and the board of Tiger Resorts, Leisure and Entertainment Inc (TRLEI), which is backed by The […]
Casino
June 20, 2022
Banks Freeze Okada Manila Accounts amid Takeover
Okada Manila, an iconic integrated resort in the Philippines, has been the subject of a legal battle. Kazuo Okada, the resort’s founder and Tiger Resorts Asia Ltd (TRAL) have been fighting over ownership of the venue. As the quarrel continues, banks have frozen Okada Manila’s bank accounts. Banks Freeze the Resort’s Bank Accounts The announcement […]
Casino
June 14, 2022
Tiger Resort Asia Ltd Hits Back at Kazuo Okada over Okada Manila
Hong Kong-listed Tiger Resort Asia Ltd (TRAL), which holds a 99.99% stake in Okada Manila Tiger Resort Leisure and Entertainment Inc (TRLEI), has released a public advisory, notifying the public and all institutions that it is not going to honor or recognize any transaction on behalf of TRLEI made by Kazuo Okada, Antonio Cojuangco, Dindo […]
Casino
June 6, 2022
PAGCOR Denies Harsh Accusations of Bias in the Okada Manila Incident
The Philippine Amusement and Gaming Corp (PAGCOR), which is responsible for regulating the casino industry in the Philippines, has denied harsh accusations from the Universal Entertainment Corp (UEC), a parent company of Leisure and Entertainment Inc (TRLEI), that its position in the dispute regarding the control of the Okada Manila gaming resort is biased in […]
Casino
June 3, 2022
Universal Entertainment Condemned Okada Manila Illegal Takeover
The operator of Okada Manila casino integrated resort in the Philippines, Tiger Resort, Leisure and Entertainment (TRLEI), will file criminal charges against everyone involved in the property takeover on Tuesday, stated the operator’s Japanese parent Universal Entertainment Corp. on its website. Criminal Charges against Everyone Involved The statement published by Universal Entertainment in response to […]
Casino
June 2, 2022
PAGCOR Interested in Okada Manila Operation Continuation Only
The Philippine Amusement and Gaming Corporation (PAGCOR) performed a U-turn on its official position with regard to the takeover of Okada Manila by a group close to Kazuo Okada just a day after it was adamant to launch an investigation into the matter. ‘Corporate Squabble between Contending Shareholders’ Following the news of the takeover of […]
Casino
June 1, 2022
PAGCOR to Investigate Alleged Hostile Takeover of Okada Manila
A recent incident at casino resort Okada Manila involving an on-site confrontation and accusations of violence led to an investigation by the Philippine gaming authorities. The event happened after a group linked to the casino’s former chairman, Kazuo Okada, reportedly forced their way into the resort. A Revenge Story in the Making The chain of […]
