• 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

Parañaque prosecutor tosses new claim vs Kazuo Okada

Sep 16, 2022 Newsdesk Latest News, Philippines, Top of the deck  


Parañaque prosecutor tosses new claim vs Kazuo Okada

The Parañaque City public prosecutor’s office, in the Philippine capital Manila, has dismissed a public document falsification case against Japanese gaming entrepreneur Kazuo Okada (pictured in a file photo), reported the Business Mirror news outlet, citing a September 8 resolution.

The complaint had been made by Hajime Tokuda, on behalf of Tiger Resort, Leisure and Entertainment Inc (TRLEI), as part of the tussle for control of the Okada Manila casino resort in the Philippine capital.

TRLEI is the entity set up to oversee operation of that property.

Okada Manila’s ultimate parent, Japanese conglomerate Universal Entertainment Corp – a firm founded by Mr Okada but from which he was ousted in 2017 – has always claimed it is the link to the legitimate TRLEI board.

Mr Okada’s side had claimed its representatives were the legitimate TRLEI directors, and had used a late April order from the Philippine Supreme Court in support of that claim.

But on September 7, the Court of Appeals in the Philippines denied a petition filed by representatives of Mr Okada to regain control of the TRLEI board.

Nonetheless, the September 8 resolution of the Parañaque prosecutor’s office said Mr Okada and other named people, did not falsify a company secretary’s certificate. This was on the basis that the board Mr Okada had named as TRLEI’s management, had created its own document.

In early August, the public prosecutor’s office in Makati, Manila, said it had decided not to take action on three criminal complaints against Mr Okada that he falsified some documents, including a submission to a bank telling it there were new authorised signatories for TRLEI.

Universal Entertainment affirmed in a Monday press release that it had filed a criminal complaint in Hong Kong, regarding Mr Okada side’s May 31 physical takeover of Okada Manila.

Universal Entertainment said earlier this month that it had taken back physical control of Okada Manila.


  • tweet
Related articles
  • Tak Chun execs knew illicit to settle proxy in Macau: trial
    Tak Chun execs knew illicit to settle...

    Jan 31, 2023  

  • Okada Manila 4Q gaming revenue up 50pct y-o-y
    Okada Manila 4Q gaming revenue up 50pct...

    Jan 30, 2023  

More news
  • Donaco posts US$1.3mln 4Q EBITDA, flags positive outlook
    Donaco posts US$1.3mln 4Q EBITDA, flags...

    Jan 31, 2023  

  • Chinese comeback limited impact on Singapore IRs: bank
    Chinese comeback limited impact on...

    Jan 31, 2023  


Latest News

Donaco posts US$1.3mln 4Q EBITDA, flags positive outlook

Donaco posts US$1.3mln 4Q EBITDA, flags positive outlook

Jan 31, 2023  

Border-casino operator Donaco International Ltd reported quarterly earnings before interest, taxation, depreciation and amortisation (EBITDA) of AUD1.78 million (US$1.25 million) for the fourth...
Read More
Tak Chun execs knew illicit to settle proxy in Macau: trial

Tak Chun execs knew illicit to settle proxy in Macau: trial

Jan 31, 2023  

Chinese comeback limited impact on Singapore IRs: bank

Chinese comeback limited impact on Singapore IRs: bank

Jan 31, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


US$1.08 billion

Total income for 2022 reported by the Philippine Amusement and Gaming Corp



Most Popular

  • Available Macau casino tables busy at tail of CNY holsAvailable Macau casino tables busy at tail of CNY hols January 27, 2023
  • Almost half million visitors to Macau for 7 days of CNY holsAlmost half million visitors to Macau for 7 days of CNY hols January 30, 2023
  • Macau visitor momentum kept for post CNY weekendMacau visitor momentum kept for post CNY weekend January 30, 2023
  • Macau CNY mass GGR maybe 60pct plus of CNY 2019: JPMMacau CNY mass GGR maybe 60pct plus of CNY 2019: JPM January 31, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us