• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Tuesday 30 September 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
No Result
View All Result

Universal Names Ex-President in Bribery Probe

Newsdesk by Newsdesk
Wed 14 Aug 2013 at 03:26
1
SHARES
35
VIEWS
Print Friendly, PDF & Email

An internal investigation by embattled gaming machine manufacturer Universal Entertainment alleges that former President Hajime Tokuda altered the minutes of a company meeting to include a 2009 payment of US$25 payment connected to the company’s pursuit of its casino license in the Philippines.

The panel that conducted the probe, composed of a former high-ranking police official in Japan and two lawyers from the country, found “illegal payments” were made by “some managers who had ignored the company’s existing rules and regulations,” but it concluded there wasn’t enough evidence to prove bribery.

That hasn’t stopped Universal from subsequently recommending criminal charges against unnamed executives for “fraud, breach of trust and misappropriation of funds” in connection with the “illegal flow” of $40 million into the Philippines, where Universal wants to be one of four developers of destination resorts with gaming at the government’s new Entertainment City complex in Manila.

A lawsuit filed by Universal in Tokyo last year also claims a former president of Aruze USA’s Japan office made an “unauthorised” withdrawal of $5 million from a corporate bank account in 2010.

The $40 million, described by Universal in part as “a payment linked to the Philippine business,” was first reported in a series of Reuters articles last year and is under investigation by the Philippine Department of Justice and the Federal Bureau of Investigation in the United States, where Aruze USA is licensed as a slot machine manufacturer.

Reuters tied the money to a politically connected businessman named Rudolfo Soriano.

Universal has had difficulty securing Philippine partners for the Entertainment City project after the Department of Justice named Chairman Kazuo Okada and 25 others in an alleged scheme to set up dummy companies to acquire land for the resort. The department has said its investigation into the bribery allegations has been hampered by a lack of witnesses willing to testify.

Mr Okada was removed last year from the board of directors of Las Vegas-based Wynn Resorts and its Hong Kong-listed Wynn Macau subsidiary after an internal investigation found him “unsuitable” as a result of his business dealings in Philippines. His shares in Wynn Resorts were forcibly redeemed at a discount. He had been the company’s largest individual shareholder.

Mr Okada denies the charges and is suing the company to contest his removal and the seizure of the shares.

RelatedPosts

Kazuo Okada Speaks Out

Thu 4 Oct 2018 at 23:30
Load More
Tags: Universal Entertaiment
ShareShare
Newsdesk

Newsdesk

The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

Current Issue

Editorial – Is PAGCOR addicted to online gambling?

Editorial – Is PAGCOR addicted to online gambling?

by Ben Blaschke
Tue 30 Sep 2025 at 19:13

It was with an undoubted sense of pride that Philippine gaming regulator PAGCOR announced in August that licensed electronic games...

Fighting back

Fighting back

by Ben Blaschke
Tue 30 Sep 2025 at 18:58

Asia’s foreigner-only casinos, specifically those located in South Korea and Vietnam, were born with a natural disadvantage – one that...

Promo costs: Market share or margin?

Promo costs: Market share or margin?

by David Bonnet
Tue 30 Sep 2025 at 18:11

Former Macau gaming executive David Bonnet takes a closer look at promo delivery across the Asian gaming industry and the...

IAG EXPO 2025: A show like no other

IAG EXPO 2025: A show like no other

by Ben Blaschke
Tue 30 Sep 2025 at 17:22

Inside Asian Gaming takes a look back at IAG EXPO, which continued the tradition of excellence established in recent years...

Evolution Asia
Evolution Asia
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
NWR

Related Posts

Rising tide

Former Okada Manila chief Byron Yip joins Sands China as Executive Vice President – Strategy

by Ben Blaschke
Tue 30 Sep 2025 at 11:27

Byron Yip, the former President and COO of Philippines integrated resort Okada Manila, will join Macau concessionaire Sands China Ltd (SCL) as Executive Vice President – Strategy, Inside Asian Gaming has learned. In an internal memo seen by IAG, staff...

PAGCOR funds National Bureau of Investigation in fight against illegal gambling

PAGCOR funds National Bureau of Investigation in fight against illegal gambling

by Newsdesk
Tue 30 Sep 2025 at 06:32

Philippine gaming regulator PAGCOR said Monday it has committed Php50 million (US$860,000) to the National Bureau of Investigation (NBI) to help strengthen its operations against illegal gaming, including banned POGOs. In a statement, PAGCOR revealed that it signed a Memorandum...

We’re Back!

South Korea’s new 15-day visa-free policy for Chinese visitors officially launches

by Newsdesk
Tue 30 Sep 2025 at 06:22

South Korea officially launched on Monday its latest visa-free policy for Chinese tour groups in a further move aimed at boosting the country’s tourism sector. First announced in March, the policy is part of a pilot program that will run...

Almost 400,000 visitors enter Macau during three-day New Year’s holiday

Macau’s Public Security Police Force anticipating 1.2 million visitor arrivals during Golden Week holiday

by Pierce Chan
Mon 29 Sep 2025 at 23:24

Macau’s Public Security Police Force expects to see over 1.2 million visitors arrive during this year’s eight-day National Day Golden Week holiday. The National Day holiday will this year be combined with the Mid-Autumn Festival, resulting in a total of...

Your browser does not support the video tag.


IAG

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • English