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, […]
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 […]
Business
June 29, 2021
Universal Entertainment Takes on New Debt to Pay off Existing Debt Early
Universal Entertainment is going to use new debt to pay off existing debt, according to a recent announcement made by the company. The operator of the Okada Manila in the Philippines is planning on placing, outside its home country of Japan, new notes that will allow it to pay down the principal on existing notes […]
