• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Saturday 27 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 Entertainment boss Jun Fujimoto says Kazuo Okada group withheld information from Philippines Supreme Court

Ben Blaschke by Ben Blaschke
Fri 15 Jul 2022 at 05:50
Kazuo Okada group says “business as usual” at Okada Manila, denies takeover was forceful

Okada Manila

44
SHARES
1.1k
VIEWS
Print Friendly, PDF & Email

The President of Okada Manila’s parent firm Japan-based Universal Entertainment Corp (UEC), Jun Fujimoto, has accused Kazuo Okada and his representatives of withholding information from the Philippines Supreme Court in its battle for control of the Manila integrated resort.

A group representing Kazuo Okada took control of Okada Manila in late May to enforce  Status Quo Ante Order (SQAO) issued by the Supreme Court ordering restoration of the composition of the board of directors of Tiger Resort, Leisure and Entertainment Inc (TRLEI), Okada Manila’s operating entity, to its 2017 line-up, before a dispute that saw Kazuo Okada removed from the UEC board.

UEC subsequently said earlier this week that it would have to delay the release of the 2Q22 financial of TRLEI because it can’t access relevant records.

In a statement issued late Thursday, Fujimoto urged the Supreme Court to rapidly reverse its decision to issue the SQAO and claimed the evidence previously provided by the Kazuo Okada group did not accurately outline Okada Manila’s ownership structure.

UEC wholly owns Hong Kong-registered Tiger Resort Asia Ltd (TRAL) which in turn owns owns 99.99% of TRLEI.

“We at UEC formally and respectfully appeal to the Philippine Supreme Court and government agencies for their support and swift action,” Fujimoto said.

“We are confident that the pieces of evidence that we have provided to the honorable Court will speak volumes in the correctness of our position.

“Kazuo Okada and his group have misrepresented themselves and withheld vital information from the honorable court about the companies’ ownership structure. They have also no legal basis for taking control of the company.

“Kazuo Okada and his cohorts are not recognized by both UEC and TRAL, the legitimate owners of TRLEI.”

Fujimoto also reiterated the company’s plans to launch legal action against Kazuo Okada in Hong Kong.

“The actions of the Kazuo group are unscrupulous and blatantly disregard the law and have put the company and its employees in danger. It harms the Philippines’ international reputation as a center for business and investment,” Fujimoto said.

“We believe the acts made by Kazuo Okada and his collaborators fall into serious violation of Hong Kong, law, including falsification of official documents, fraud, and embezzlement and will file criminal charges against them with the Hong Kong authorities to pursue responsibilities for these acts.”

Kazuo Okada recently issued a statement of his own in which he denied claims of dishonest conduct in assuming control of Okada Manila.

“There are posts on the internet as if there were allegations of bribes, but please be assured that this is not the case at all. I will continue to make fair and honest claims and continue to do the right thing,” he said.

RelatedPosts

IEC issues profit warning on widened losses through December 2021

IEC falls to US$36 million loss in FY25 but 200% increase in gaming revenues suggests bright future for Manila IR project

Sat 27 Sep 2025 at 11:56
Philippines visitor receipts up 33% to US$4.84 billion in 1H24

Philippines visitation from South Korea, China remains suppressed in August

Fri 26 Sep 2025 at 04:51
IAG EXPO: Interview with GLI Asia-Pacific Managing Director Richard Howarth

IAG EXPO: Interview with GLI Asia-Pacific Managing Director Richard Howarth

Thu 25 Sep 2025 at 12:35
IAG EXPO: Interview with NUSTAR’s Sean Knights

IAG EXPO: Interview with NUSTAR’s Sean Knights

Tue 23 Sep 2025 at 10:01
Load More
Tags: Jun FujimotoKazuo OkadaOkada ManilaPhilippinesTiger ResortUniversal Entertainment Corp
Share18Share3
Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

Current Issue

Editorial – Flipping the script

Editorial – Flipping the script

by Ben Blaschke
Thu 28 Aug 2025 at 12:30

This month represents an important milestone for Inside Asian Gaming as we launch IAG EXPO – an expansion of the...

Asia market roundup

Asia market roundup

by Ben Blaschke
Thu 28 Aug 2025 at 12:26

Inside Asian Gaming takes a deep dive into the state of Asia-Pacific’s key gaming markets: who’s hot, who’s not and...

Rewriting the rules

Rewriting the rules

by Newsdesk
Thu 28 Aug 2025 at 11:43

IAG EXPO, taking place at Newport World Resorts from 8 to 10 September, is not your usual trade show. IAG...

Test of character

Test of character

by Newsdesk
Thu 28 Aug 2025 at 11:28

Since its establishment in 1989, Gaming Laboratories International (GLI) has developed into the world’s most trusted name when it comes...

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

Related Posts

IEC issues profit warning on widened losses through December 2021

IEC falls to US$36 million loss in FY25 but 200% increase in gaming revenues suggests bright future for Manila IR project

by Ben Blaschke
Sat 27 Sep 2025 at 11:56

Hong Kong-listed International Entertainment Corp (IEC) said it remains confident in the long-term prospects of its Manila hotel and casino project after booking a 200% year-on-year increase in gaming revenue in the 12 months to 30 June 2025. While increased...

1xBet celebrates role as industry flagship at SBC Summit 2025

1xBet celebrates role as industry flagship at SBC Summit 2025

by Newsdesk
Sat 27 Sep 2025 at 11:32

Global sports betting brand 1xBet has celebrated its participation in this year’s SBC Summit, noting that its standing as Premium Sponsor highlighted the company’s role in industry growth and the significance of the European region for the brand. 1xBet said...

Football the focus as Vietnam revises sports betting decree

Vietnam considering revised US$380 daily betting cap on international football

by Newsdesk
Sat 27 Sep 2025 at 09:06

Vietnam’s Ministry of Finance wants to update the maximum amount individuals can bet on international football matches per day, with the current VND1 million (US$38) allowed per category to be replaced by a daily limit of VND10 million (US$380 million),...

FBM to unveil multiple slot title premieres at G2E in Las Vegas

FBM to unveil multiple slot title premieres at G2E in Las Vegas

by Newsdesk
Sat 27 Sep 2025 at 08:45

Industry supplier FBM has outlined the product range it will showcase at the upcoming Global Gaming Expo (G2E) in Las Vegas, headed by new slot titles “Lanterns of Fu” and Hippo’s Lock”. Located in Booth 2848, FBM said it would...

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