• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Okada fresh legal moves to quash Philippine arrest order

May 20, 2019 Newsdesk Japan, Latest News, Philippines, Top of the deck  


Okada fresh legal moves to quash Philippine arrest order

Japanese gaming entrepreneur Kazuo Okada (pictured) and one of his senior executives Takahiro Usui are to take fresh legal steps in the Philippines to try and quash arrest warrants that have been confirmed against them for three counts of alleged “estafa” – a form of fraud – involving US$3 million.

“Mr Okada and Mr Usui will vigorously defend themselves against these baseless accusations and shall continue to avail themselves of legal remedies by first filing a motion for reconsideration, and if it is denied, a petition for certiorari with the Court of Appeals of the Philippines,” said a statement issued in the Philippines on Saturday on behalf of the men.

On Friday local media had reported that a judge in a regional trial court in Parañaque, a district of Metro Manila, had reaffirmed its decision to order the arrests.

In January Reuters news agency had reported that agencies under the Philippine Department of Justice had ordered the arrest of Mr Okada and Mr Usui for three counts of estafa, because of a complaint by Tiger Resort, Leisure and Entertainment Inc, the promoter of casino resort Okada Manila. Tiger Resort is controlled by Japanese conglomerate Universal Entertainment Corp.

The two were accused of misappropriation of company funds when Mr Okada was still chairman and chief executive of Tiger Resort, and Mr Usui was chief operating officer. They were removed from those roles in June 2017. Mr Okada was also removed that month as chairman of Universal Entertainment.

A court document forming part of Mr Okada and Mr Usui’s attempt to get the warrants lifted, was also released by their side on Saturday. It claimed a judge in the matter had shown “prejudgement” and “partiality” in the grounds for dismissing an earlier attempt to get the arrest warrants quashed.

Saturday’s statement on behalf of Mr Okada stated: “Mr Okada is responsible for the investment of more than US$2 billion in Okada Manila, which bears his name… ‘It is therefore absurd for him to defraud, or conspire to defraud, his own company for a measly US$3 million’.”


  • tweet
Related articles
  • Pagcor boss affirms some Ent City casinos have PIGO permits
    Pagcor boss affirms some Ent City...

    Dec 09, 2020  

  • Okada Manila warns on wrongful room resale, fake scents
    Okada Manila warns on wrongful room...

    Dec 04, 2020  

More news
  • Face tech ATMs in mainland’s Zhuhai near Macau say reports
    Face tech ATMs in mainland’s Zhuhai...

    Jan 19, 2021  

  • Investors see 2H Macau gain, rebound 2022: Bernstein
    Investors see 2H Macau gain, rebound...

    Jan 19, 2021  


Latest News

Face tech ATMs in mainland’s Zhuhai near Macau say reports

Face tech ATMs in mainland’s Zhuhai near Macau say reports

Jan 19, 2021  

Bank automated teller machines (ATMs) with facial recognition technology have been installed since Monday in some places in the mainland China city of Zhuhai, next door to Macau, according to several...
Read More
Investors see 2H Macau gain, rebound 2022: Bernstein

Investors see 2H Macau gain, rebound 2022: Bernstein

Jan 19, 2021  

MBS ArtScience Museum to host Star Wars exhibition

MBS ArtScience Museum to host Star Wars exhibition

Jan 19, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day

"We forecast Grand Lisboa Palace will have EBITDA of HKD2.0 billion (US$260 million) with 330 tables by 2022, and HKD3.5 billion with 380 tables by 2023"

Credit rating agency Fitch Ratings




Most Popular

  • CNY 2021 unlikely to boost Macau casinos, say observersCNY 2021 unlikely to boost Macau casinos, say observers January 15, 2021
  • Casino op MGM China to pay most staff discretionary bonusCasino op MGM China to pay most staff discretionary bonus January 18, 2021
  • Mass market play record 65pct Macau GGR in 4Q: govtMass market play record 65pct Macau GGR in 4Q: govt January 15, 2021
  • Malaysia Covid outlook negative to Genting Bhd: Moody’sMalaysia Covid outlook negative to Genting Bhd: Moody’s January 15, 2021
  • Wakayama casino RFP deadline affirms still 2 suitorsWakayama casino RFP deadline affirms still 2 suitors January 18, 2021
Copyright 2014-2020 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us