• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Tuesday 9 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
  • 中文
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
  • 中文
No Result
View All Result
IAG
No Result
View All Result

Kazuo Okada to remain on Okada Manila board (for now) as representatives accused of shredding documents in latest power shift

Ben Blaschke by Ben Blaschke
Sun 4 Sep 2022 at 18:59
Kazuo Okada group says “business as usual” at Okada Manila, denies takeover was forceful

Okada Manila

82
SHARES
2.1k
VIEWS
Print Friendly, PDF & Email

Japanese gaming mogul Kazuo Okada will be permitted to retain his position as “stockholder, director, chairman and CEO” of Okada Manila, pending further legal rulings, but his powers will end there following last week’s ruling by gaming regulator PAGCOR that he cease and desist from efforts to control the Philippines integrated resort.

Mr Okada has also been accused of locking the property down in order to destroy documents during Friday’s enforcement action, which saw representatives of the Tiger Resort Asia Ltd (TRAL)-backed board reclaim control in the wake of PAGCOR’s order.

As reported by Inside Asian Gaming, a group of around 50 people representing the TRAL-backed board, all wearing red caps and white shirts, stormed Okada Manila on Friday accompanied by members of the Philippine National Police and PAGCOR representatives.

They were acting on a ruling by the regulator dated 2 September 2022, since obtained by IAG, which confirmed it would continue to recognise Mr Okada’s return to the TRLEI board but not that of his representatives, including Tonyboy Cojuangco and Dindo Espeleta. The ruling also demanded the group “cease and desist from discharging their functions in connection with Okada Manila’s casino operations and from disbursing funds in the Okada Manila cage and to vacate the gaming premises of Okada Manila’s casino and its offices.”

PAGCOR Chief Legal Counsel Roderick R. Consolacion (second from right wearing dark jacket) is escorted by the Philippine National Police to serve a cease and desist order to Kazuo Okada’s representatives on Friday.

The Kazuo Okada group had forcibly taken control of Okada Manila in late May, in response to a Status Quo Ante Order (SQAO) issued by the Supreme Court which demanded the board of TRLEI be restored to its composition in 2017, before the dispute between Universal and Mr Okada that led to him being frozen out.

In a Sunday press release, UEC accused Mr Okada’s representatives of locking the property down and destroying documents during Friday’s reclamation actions.

“Despite the illegally-appointed board’s last-minute efforts to sabotage the transition by disabling most of the property’s elevators for several hours, including those for the customers, the management and operations of Okada Manila were turned over to the TRAL-backed board led by TRLEI President Byron Yip and are fully under their control since Friday,” UEC said.

“There is also CCTV video footage of the Kazuo group shredding documents in hotel room 866, which was being used as an executive office, and employee Gilbert Giazon removing boxes of documents from the property.”

IAG has obtained last week’s ruling by the Department of Justice (DOJ), which led to the return of power to UEC and TRAL. Having reviewed the original SQAO alongside claims to the contrary by TRAL, the DOJ stated in a decision dated 1 September 2022, “We believe that the SQAO of the Supreme Court mandated only the return of Mr Okada as stockholder, director, chairman and CEO of TRLEI. It did not empower him to reconvene or form a new board of directors.

Kazuo Okada

“Based on the record, the constitution/election of [Mr Okada’s chosen board] exceeds and violates the SQAO issued by the Supreme Court … There is nothing therein that restored him as TRAL’s sole representative in TRLEI. Thus, his actions [in doing so] are unauthorized and invalid.”

The DOJ also made it clear that PAGCOR held the authority to implement and action measures related to the control of Okada Manila.

While PAGCOR has reinstated control of Okada Manila to UEC and TRAL, it has also demanded that Mr Okada be provided equal access to the premises and the ability to inspect TRLEI’s corporate records, pending any legal rulings to the contrary.

In response, TRAL Director Kenshi Asano said Sunday the company would recognize Mr Okada’s board membership for now, but added, “We believe that the order from the PAGCOR affirms our position in the intra-corporate dispute in Okada Manila. It is consistent with both the letter and spirit of the SQAO of the Supreme Court.

“We are hopeful that both the High Tribunal and the Court of Appeals will agree and this issue can be put to rest very soon.

“While we have successfully retaken control over the management and premises of Okada Manila, we will remain focused on resolving this matter with finality. A favorable outcome will help the Philippines regain the trust of international investors.”

In a response released overnight, the Kazuo Okada team accused PAGCOR of defying the Supreme Court’s SQAO and of “expeditiously” coming up with a cease and desist order that “is merely based on the opinion of Justice Secretary Jesus Crispin Remulla and not from a proper Court of Law.

“Chairman Kazuo Okada and his group vowed to sustain positive gains of Okada Manila following the reinstatement and will not accept an opinion that is not supported and promulgated by the proper courts,” it said.

“Chairman Kazuo stresses that legal actions will be initiated and he has complete trust in the justice system of the Philippines.”

RelatedPosts

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

IAG Academy IR Awards disclosure of total votes cast

Tue 9 Sep 2025 at 06:10
Light & Wonder sets new US$2 billion Adjusted EBITDA target for 2028

Light & Wonder becomes first accredited Philippines iGaming content supplier and aggregator, readying for launch

Mon 8 Sep 2025 at 21:41
PAGCOR chair Tengco says eGames surge reflects broader consumer shift to online technologies which can’t be halted by ban

PAGCOR chair Tengco says eGames surge reflects broader consumer shift to online technologies which can’t be halted by ban

Mon 8 Sep 2025 at 21:40
PAGCOR’s Alejandro Tengco

2025 IAG EXPO kicks off at Manila’s Newport World Resorts tonight

Mon 8 Sep 2025 at 06:47
Load More
Tags: Department of JusticeKazuo OkadaManilaOkada ManilaPAGCORPhilippinesTiger ResortUniversal Entertainment Corp
Share33Share6
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
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
NWR

Related Posts

Wynn says UAE development contribution to total around US$900 million as Thailand opportunity looms large

Wynn said to have set aside plot for possible second integrated resort alongside current UAE casino project

by Ben Blaschke
Tue 9 Sep 2025 at 06:43

Wynn Resorts has set aside land alongside its Ras Al Khaimah integrated resort development for the possible construction of a second IR – and may consider a listing for its UAE entities – according to Arabian Gulf Business Insight (AGBI)....

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

IAG Academy IR Awards disclosure of total votes cast

by Andrew W Scott
Tue 9 Sep 2025 at 06:10

Voting for the 2025 IAG Academy IR Awards closed at precisely 12 midnight Manila time at the end of Saturday 6 September. Vote counting commenced on Sunday 7 September and proceeded until the earlier hours of the morning on Monday 8 September....

Light & Wonder sets new US$2 billion Adjusted EBITDA target for 2028

Light & Wonder becomes first accredited Philippines iGaming content supplier and aggregator, readying for launch

by Ben Blaschke
Mon 8 Sep 2025 at 21:41

Global gaming supplier Light & Wonder is preparing to officially launch its iGaming offering into the Philippines after becoming the first international accredited systems aggregator and game content provider licensed by PAGCOR. Upon launch, the Philippines will become the 47th...

PAGCOR chair Tengco says eGames surge reflects broader consumer shift to online technologies which can’t be halted by ban

PAGCOR chair Tengco says eGames surge reflects broader consumer shift to online technologies which can’t be halted by ban

by Ben Blaschke
Mon 8 Sep 2025 at 21:40

The Chairman and CEO of Philippine gaming regulator PAGCOR has reiterated the agency’s support for a legal and regulated online gambling industry, warning that recent moves to implement a total ban won’t halt the rapid growth of technology around the...

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
  • 中文

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
  • 中文
  • 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.

  • 中文
  • English