• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Friday 5 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

IAG announces 19 sponsors of IAG EXPO’s Manila After Dark Official Welcome Event at Newport World Resorts on Monday 8 September

IAG announces 19 sponsors of IAG EXPO’s Manila After Dark Official Welcome Event at Newport World Resorts on Monday 8 September

Fri 5 Sep 2025 at 10:26
Travellers Group set to take majority equity position in development of Manila’s LETX hotel and casino to pave completion roadmap, planned to become operator upon launch 

Suntrust begins process of transferring control of Manila’s LETX project to Travellers by acquiring shares in new entity

Thu 4 Sep 2025 at 12:02
Philippines international visitation back to 70% of pre-COVID levels

Foreign visitation to the Philippines down 2.8% from January to July on lower arrivals from South Korea and China

Thu 4 Sep 2025 at 05:19
Philippines licensed casinos suffer 2Q24 GGR decline but E-Games sector drives industry growth

Philippines online gaming sector generates US$1.2 billion in fees in first seven months of 2025 as PAGCOR vows crackdown on illegal sites

Thu 4 Sep 2025 at 04:49
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
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
NWR

Related Posts

IAG announces 19 sponsors of IAG EXPO’s Manila After Dark Official Welcome Event at Newport World Resorts on Monday 8 September

IAG announces 19 sponsors of IAG EXPO’s Manila After Dark Official Welcome Event at Newport World Resorts on Monday 8 September

by Newsdesk
Fri 5 Sep 2025 at 10:26

Inside Asian Gaming is delighted to announce a total of 19 sponsors for Manila After Dark (MAD) next Monday 8 September – the official welcome event for IAG EXPO, taking place at Manila’s Newport World Resorts. Running from 8 to 10 September,...

MGM Cotai

Bill Hornbuckle: Macau promotional environment now locked in place despite rapid return of VIPs

by Ben Blaschke
Fri 5 Sep 2025 at 06:45

Macau’s notoriously aggressive promotional environment has settled into a rhythm, according to MGM Resorts CEO and President Bill Hornbuckle – despite competition in the premium gaming segments rising as former junket players return to the city in swathes. Hornbuckle discussed...

AGEM Index up 14.4% in October on Aristocrat, Light & Wonder stock price gains

AGEM Index grows 5% in August as Konami, Aristocrat show strong stock performance

by Newsdesk
Fri 5 Sep 2025 at 05:56

The AGEM Index – a monthly stock performance guide comprising 10 global gaming suppliers – grew by 5.0% month-on-month or 93.66 points to 1,983.73 points in August, with Konami seeing the largest positive contribution. Konami had only last month been...

A New Macau

Macau GGR now seen hitting US$31.8 billion as Jefferies again upgrades 2025 revenue forecast

by Ben Blaschke
Fri 5 Sep 2025 at 05:40

Investment bank Jefferies has again upgraded its Macau GGR forecast for 2025, with analysts now expecting gaming revenues to reach MOP$248 billion (US$31.8 billion) – revised upwards from its previous forecast of MOP$237 billion (US$29.3 billion). In a note, Jefferies...

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