• 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
  • Industry Talk
  • Trends & Tech
  • iGaming
  • 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
  • Domestic demand driver for Philippines gaming: Maybank
    Domestic demand driver for Philippines...

    May 23, 2023  

  • Tangam optimisation software at Okada Manila, NagaWorld
    Tangam optimisation software at Okada...

    May 09, 2023  

More news
  • iGaming growing in Asia, ops tackling challenges: Uplatform
    iGaming growing in Asia, ops tackling...

    May 31, 2023  

  • Thailand still a watch and wait: LVS chairman
    Thailand still a watch and wait: LVS...

    May 31, 2023  


Latest News

iGaming growing in Asia, ops tackling challenges: Uplatform

iGaming growing in Asia, ops tackling challenges: Uplatform

May 31, 2023  

The iGaming segment in Asia “has grown rapidly” since the onset of the Covid-19 pandemic in early 2020, says Rakhi Jaimini (pictured), sales manager at sports betting and online casino operating...
Read More
Thailand still a watch and wait: LVS chairman

Thailand still a watch and wait: LVS chairman

May 31, 2023  

Bloomberry new court win in Bangladesh Bank heist case

Bloomberry new court win in Bangladesh Bank heist case

May 31, 2023  

‘See before you play’ slot marketing tool, say tech suppliers

‘See before you play’ slot marketing tool, say tech...

May 31, 2023  

Macau stocks tied to China outlook: Bloomberg analyst

Macau stocks tied to China outlook: Bloomberg analyst

May 31, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”[Macau casino] operators may want to remain prudent in not appearing to reward shareholders too early”

DS Kim

Head of Asia gaming and leisure research at JP Morgan Securities (Asia Pacific)



Most Popular

  • Dividend restart still far for Macau ops: JP MorganDividend restart still far for Macau ops: JP Morgan May 30, 2023
  • We’ll be in Singapore for many years: LVS chairmanWe’ll be in Singapore for many years: LVS chairman May 30, 2023
  • Cotai Expo hotel extra to licence capex, says GoldsteinCotai Expo hotel extra to licence capex, says Goldstein May 29, 2023

Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us