Jun 12, 2017 Newsdesk Japan, Latest News, Philippines, Top of the deck  
The Okada Manila casino resort (pictured) in the Philippine capital has issued a statement saying that operations were “unaffected” by the announcement that Japanese gaming conglomerate Universal Entertainment Corp had moved to suspend the powers of its chairman Kazuo Okada.
Universal Entertainment has accused Mr Okada and a fellow director of “a serious violation of governance” in relation to a March 2015 transfer of an HKD135-million (US$17.3-million) loan.
The Okada Manila resort is promoted by a firm called Tiger Resort, Leisure and Entertainment Inc, a subsidiary of Universal Entertainment.
“We acknowledge the statement issued by Universal Entertainment Corp… [on] 8 June 2017. Currently, the matter is going through review, thus we cannot make any statements at this time. Operations at Okada Manila are unaffected and ongoing,” said the statement from Tiger Resort Leisure and Entertainment, carrying Friday’s date.
A special investigation committee formed by Universal Entertainment – described as three external experts cooperating with in-house auditors – is to submit what the conglomerate termed “an interim investigative report” to the company “on or around June 30”.
Jul 24, 2024
Jul 22, 2024
Jul 26, 2024
Jul 26, 2024
Jul 26, 2024
Border-casino operator Donaco International Ltd has achieved a 164.17-percent year-on-year increase in its latest quarterly group earnings before interest, taxation, depreciation and amortisation...(Click here for more)
”We’ve got more traction outside of Macau at the moment. But Macau’s going be a bigger focus for us”
David Punter
Regional representative at Konami Australia