• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Sunday 28 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

Universal Entertainment Corp to file criminal charges against Kazuo Okada and associates following Okada Manila takeover

Ben Blaschke by Ben Blaschke
Thu 2 Jun 2022 at 04:52
Improved Okada Manila performance not enough to push Japan’s Universal Entertainment Corp back to profit in 2021
179
SHARES
4.5k
VIEWS
Print Friendly, PDF & Email

Universal Entertainment Corp, the Japanese-based parent company of Okada Manila operator Tiger Resort, Leisure and Entertainment Inc (TRLEI) says it will file criminal charges against those involved in an “illegal and violent” takeover of the Philippines integrated resort on Tuesday, headed by company founder and former Chairman Kazuo Okada.

As reported by Inside Asian Gaming, the group – which included former board member Tonyboy Cojuangco, building contractor Dindo Espeleta and lawyer Florencio Herrera III – stormed the property late Tuesday accompanied by around 50 private guards and police officers of Paranaque City Police and a Sheriff of the Regional Trial Court of Paranaque City. It is alleged that they used “brute force against the legitimate officers of TRLEI”, kidnapped Universal director Hajime Tokuda and “harmed and caused serious injuries against the other officers of the company, and their lawyers who were present.”

In a Wednesday notice filed on its corporate website, Universal said it would file criminal charges for “such serious criminal offences as trespassing, obstruction of business, unlawful occupation, theft, assault, injury and incitement.”

It also stated that it does not recognize the authority of the Supreme Court of the Philippines over Okada Manila because Tiger Resort Asia Ltd (TRA), a company registered in Hong Kong, owns 99.9% of TRLEI’s voting rights. The court had recently issued a status quo ante order to TRLEI ordering restoration of the composition of the board of directors of TRLEI to its 2017 line-up, before the dispute that saw Kazuo Okada removed from the Universal Entertainment Corporation board began.

Kazuo Okada

In addressing Kazuo Okada’s role, Universal said, “TRA dismissed Mr Okada from the Board of Directors in June 2017, which was also done in response to Mr Okada’s misappropriation of approximately JPY2 billion of the company’s and its subsidiaries’ funds, and a liability of damages lawsuit brought by the company against Mr Okada has already been confirmed.

“A [final decision on Mr Okada’s defeat] was made by the Japanese Supreme Court in September 2021. The Japanese Supreme Court has also ruled … that there was no defamation with regard to the defamation lawsuit brought by Mr Okada against the company and others.

“It should also be noted that Mr Okada is currently being sued by a law firm in Illinois, USA for damages of approximately JPY7 billion for non-payment of legal fees and another law firm in Hong Kong is also suing him for non-payment of fees.”

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: Dindo EspeletaKazuo OkadaOkada ManilaPhilippinesTiger ResortTonyboy CojuangcoUniversal Entertainment Corp
Share72Share13
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
  • 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