• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Monday 2 June 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
  • 日本語
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
  • 日本語
No Result
View All Result
IAG
No Result
View All Result

Kazuo Okada pleads innocence after Philippines court issues warrant for his arrest

Newsdesk by Newsdesk
Sun 6 Jan 2019 at 12:04
Universal prepares “organizational realignment” to prevent Okada involvement amid enhanced casino equipment business plans

Kazuo Okada

22
SHARES
281
VIEWS
Print Friendly, PDF & Email

Japanese gaming mogul Kazuo Okada has accused his former company of trying to ruin his reputation after a Parañaque City court issued on Friday a warrant for his arrest over three counts of fraud.

Okada is accused of misappropriating around US$3.1 million salaries and fees from Tiger Resort Leisure and Entertainment Inc (TRLEI) – the subsidiary of Universal Entertainment Corp that operates Okada Manila – during his time as Chairman and CEO. According to a TRLEI complaint, Okada received almost US$950,000 in salaries and US$2.2 million in consultancy fees between late 2016 and early 2017 in violation of the company’s by-laws.

Also named on the arrest warrant is Aruze Gaming’s Group CEO and former TRLEI President and COO Takahiro Usui, with the court ordering enforcement of the warrant by the Makati and Parañaque police, the National Bureau of Investigation and the Criminal Investigation and Detection Group. Bail has been set at Php348,000 (US$6,640) for each defendant.

Okada was quick to plead his innocence over the weekend, sending a strongly-worded statement to Inside Asian Gaming in which he said the accusations are “only intended to destroy my reputation in the business community and discredit all the hard work I have put into the establishment, rise and success of Okada Manila, which is now operated by my accusers.”

Describing the charges against him as baseless, Okada added, “How can I defraud the company that I own?

“TRLEI is 100% controlled by Universal Entertainment Corporation (UEC), 67.9% shares of which is controlled by Okada Holdings Limited (OHL). OHL is a corporation which I essentially own as I technically have control over all of OHL’s shares. OHL holds 100% of the shares of Tiger Resort Asia Limited (TRAL), which in turn, owns 99.99% of TRLEI.

“As owner of Okada Manila, it is absolutely absurd for me to ‘unlawfully take’ these salaries and fees. I was responsible for the investment of more than US$2 billion in Okada Manila. How would I commit estafa against TRLEI and Okada Manila for a measly amount of salaries when I was the one who established and caused the rise and success of Okada Manila?

“These disbursements underwent the proper procedure and were processed by the concerned offices within the company.”

The issuance of arrest warrants for Okada and Usui come after the Philippines Department of Justice overturned a previous ruling by the Office of the City Prosecutor in Parañaque dismissing the case.

RelatedPosts

IAG launches public call for candidates for 2025 IAG Academy Awards at Manila’s Newport World Resorts on 9 September

IAG launches public call for candidates for 2025 IAG Academy Awards at Manila’s Newport World Resorts on 9 September

Mon 2 Jun 2025 at 13:18
EGT’s Asian-themed products to make a splash at SiGMA Asia 2025

EGT’s Asian-themed products to make a splash at SiGMA Asia 2025

Sun 1 Jun 2025 at 09:31
1xBet to attend SiGMA Asia 2025, host exclusive “777 – Eva Elfie’s House of Wonders” party

1xBet to attend SiGMA Asia 2025, host exclusive “777 – Eva Elfie’s House of Wonders” party

Sun 1 Jun 2025 at 09:30
Casino Filipino venues to receive first delivery of almost 2,000 new slot machines by mid-September

PAGCOR board, including Chairman Tengco, tender courtesy resignations following Presidential call

Thu 29 May 2025 at 14:15
Load More
Tags: Kazuo OkadaPhilippinesTiger ResortUniversal Entertainment
Share15Share1
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 – Foreigner-only casinos: Seize the day

Editorial – Foreigner-only casinos: Seize the day

by Ben Blaschke
Thu 29 May 2025 at 13:38

I was recently asked by someone working at a foreigner-only casino for my thoughts on the outlook for the Asian...

On the brink

On the brink

by Pierce Chan
Thu 29 May 2025 at 13:27

The transition period for Macau’s 11 satellite casinos is set to expire at the end of this year, after which...

A moral defense of gambling

A moral defense of gambling

by Andrew Russell
Wed 28 May 2025 at 18:19

Economist Andrew Russell explores the differences between community benefit and in-principle arguments for the existence of a legal gambling industry...

Face to face

Face to face

by Ben Blaschke
Wed 28 May 2025 at 18:08

Konami caught the eye at the recent G2E Asia show in Macau with its SYNK Vision Tables, which utilize facial...

Evolution Asia
Aristocrat
GLI
Mindslot
Mindslot
Solaire
Hann
Tecnet
Nustar
Jumbo

Related Posts

Survey on Australia-China relations finds most Australians keen to encourage more Chinese tourism

Regulating the Game launches Call for Speakers for 2026 event in Sydney

by Newsdesk
Mon 2 Jun 2025 at 13:24

Leading gambling law and regulation conference Regulating the Game has launched its Call for Speakers for its sixth edition, taking place from Monday 9 to Wednesday 11 March 2026 at the Sofitel Sydney Wentworth. Regulating the Game 2026 will welcome...

IAG launches public call for candidates for 2025 IAG Academy Awards at Manila’s Newport World Resorts on 9 September

IAG launches public call for candidates for 2025 IAG Academy Awards at Manila’s Newport World Resorts on 9 September

by Newsdesk
Mon 2 Jun 2025 at 13:18

Inside Asian Gaming is pleased to launch a public call for candidates for the 2025 IAG Academy IR Awards, part of the IAG EXPO taking place at Manila’s Newport World Resorts from 8 to 10 September 2025. This year’s IAG Academy...

Macau GGR hits new post-pandemic high of MOP$20.8 billion in October

JP Morgan: Q2 shaping as Macau’s first “non-miss” quarter in some time after strong May GGR result

by Ben Blaschke
Mon 2 Jun 2025 at 13:12

The June 2025 quarter looks certain to buck historical trends by booking a year-on-year gain – the first sign of genuine market growth in the Macau market since gaming revenues stabilized post-COVID, according to investment bank JP Morgan. In a...

Concerned parties welcome opportunity for high-level discourse ahead of Thai Entertainment Complex Roundtable 

Concerned parties welcome opportunity for high-level discourse ahead of Thai Entertainment Complex Roundtable 

by Ben Blaschke
Sun 1 Jun 2025 at 15:46

This week’s groundbreaking Thai Entertainment Complex Roundtable (TECR) has been described by local participants as a vital opportunity for all stakeholders, including international operators and those concerned about Thai casino legislation, to work together to achieve mutually agreeable outcomes.  In...



IAG

© 2005-2024
Inside Asian Gaming.
All rights reserved.

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

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
  • 日本語
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • English
  • 日本語