• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Monday 7 July 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

Universal insists no risk to Manila casino license from Kazuo Okada arrest warrant

Newsdesk by Newsdesk
Tue 8 Jan 2019 at 04:56
Universal raises US$600 million for Okada Manila completion

Okada Manila

11
SHARES
195
VIEWS
Print Friendly, PDF & Email

Japan’s Universal Entertainment Corp, the parent firm of Okada Manila operator Tiger Resort Leisure & Entertainment Inc (TRLEI) has insisted the arrest warrant issued to company founder Kazuo Okada by a Parañaque City court last Friday won’t impact its Philippines casino license.

In a statement issued via its website on Monday, Universal was quick to distance itself from Okada and former TRLEI President Takahiro Usui – who is also named on the arrest warrant – pointing out that the duo were dismissed as directors of TRLEI in June 2017 and that Okada “resigned” from the board of directors later that month.

The company noted that, under Philippines law, management must undergo strict screening to acquire and maintain a gaming license. However, it stated “the facts surrounding this indictment of Okada and Usui and the issuance of a warrant for their arrest will have no impact whatsoever on the going concern of Okada Manila, the integrated casino in the Philippines’ Manila Bay area operated by TRLEI.”

Universal also insisted that the warrants would not impact the acquisition of shares in Asiabest Group International Inc by another of its subsidiaries, Tiger Resort Asia Limited, which is part of the company’s plans to complete a backdoor listing on the Philippine Stock Exchange.

Okada is accused of misappropriating around US$3.1 million in salaries and fees from Tiger Resort Leisure and Entertainment Inc (TRLEI) during his time as Chairman and CEO.

 

 

 

 

RelatedPosts

Philippine resort NUSTAR enters strategic partnership with airport hospitality provider Plaza Premium Group

Philippine resort NUSTAR enters strategic partnership with airport hospitality provider Plaza Premium Group

Sun 6 Jul 2025 at 09:11
Winds of change

As Philippine lawmakers push to crack down on the online gaming sector, PAGCOR promises to impose “any and all” regulations signed into law

Sat 5 Jul 2025 at 08:16
Light & Wonder’s Ken Jolly discusses founder exhibitor status at 2025 IAG EXPO 9 and 10 Sep 2025

Light & Wonder’s Ken Jolly discusses founder exhibitor status at 2025 IAG EXPO 9 and 10 Sep 2025

Thu 3 Jul 2025 at 13:57
Philippines tech firm DigiPlus enters final stage of Brazil’s iGaming licensing process

Philippine technology firm DigiPlus to launch Brazil iGaming platform in September

Thu 3 Jul 2025 at 05:54
Load More
Tags: Kazuo OkadaPhilippinesTiger ResortUniversal Entertainment
Share6Share1
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 – An inconvenient truth

Editorial – An inconvenient truth

by Ben Blaschke
Fri 27 Jun 2025 at 15:21

It’s understandable that political observers, academics and members of the public in greenfield jurisdictions would express caution around the legalization...

Light & Wonder’s Siobhan Lane

Light & Wonder’s Siobhan Lane

by Ben Blaschke
Fri 27 Jun 2025 at 15:19

Siobhan Lane, Light & Wonder’s highly experienced CEO of Gaming, speaks to Inside Asian Gaming about the company’s ongoing transformation...

Honesty is the best policy

Honesty is the best policy

by Ben Blaschke
Fri 27 Jun 2025 at 14:13

The Thailand Entertainment Complex Roundtable brought industry stakeholders, politicians and supporters of the government’s Entertainment Complex Bill face to face...

Sri Lanka’s casino industry

Sri Lanka’s casino industry

by Shaun McCamley
Fri 27 Jun 2025 at 13:36

Industry veteran Shaun McCamley delves into the complex history of Sri Lanka’s casino industry at a time when the country...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
Jumbo
568Win

Related Posts

JP Morgan analysis says Bangkok IRs could generate combined US$5 billion annually

Thai authorities arrest 70 in bust of illegal Bangkok gambling den

by Newsdesk
Sun 6 Jul 2025 at 14:41

With the prospect of legal casinos in Thailand looking more remote by the day, authorities have arrested more than 70 people after busting an illegal gambling den in the Phahon Yothin area of Bangkok. According to The Bangkok Post, the...

Hong Kong’s Far East Consortium reports first full year gaming revenue after Australian, European acquisitions

Workers at The Star Brisbane take strike action over “insulting” pay offer

by Ben Blaschke
Sun 6 Jul 2025 at 09:13

Employees of Star Entertainment Group’s Brisbane casino walked off the job on Friday in protest over wage negotiations described by a workers’ union as “insulting”. The staff, including those working on the gaming floor, in restaurants and bars and in...

Philippine resort NUSTAR enters strategic partnership with airport hospitality provider Plaza Premium Group

Philippine resort NUSTAR enters strategic partnership with airport hospitality provider Plaza Premium Group

by Newsdesk
Sun 6 Jul 2025 at 09:11

Cebu’s NUSTAR Resort & Casino Cebu has announced a strategic partnership with Plaza Premium Group (PPG) – a leader in integrated airport hospitality experiences and passenger service solutions – to provide exclusive travel privileges for NUSTAR Rewards members and VIP...

Winds of change

As Philippine lawmakers push to crack down on the online gaming sector, PAGCOR promises to impose “any and all” regulations signed into law

by Ben Blaschke
Sat 5 Jul 2025 at 08:16

Philippine gaming regulator PAGCOR said Friday that it is not responsible for determining which laws are put in place to govern online gambling but will continue to perform its duty in regulating as per “any and all” relevant regulations signed...



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