• 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

Universal files criminal charges against former employee

Jun 26, 2014 Newsdesk Japan, Latest News, Philippines, Top of the deck  


Universal files criminal charges against former employee

Universal Entertainment Corp, the Japanese company controlled by Kazuo Okada, filed criminal charges against an unnamed former employee of the company. The criminal charges were filed with the Tokyo District Public Prosecutors Office on May 29, the company said in a filing to the JASDAQ Securities Exchange on Wednesday.

Earlier this year, Reuters reported that Takafumi Nakano, a former employee of Mr Okada, had filed a criminal complaint against the billionaire entrepreneur, alleging that he had ordered the payment of bribes to advance the still-unfinished Manila Bay Resorts (pictured above in an artist’s rendering) in the Philippines.

Universal now says it has filed criminal charges against “a former representative manager of the Japan branch of Aruze USA Inc”, a subsidiary of the company. It said it filed “professional embezzlement” charges because of the employee’s “unlawful behaviour relating to the illegal outgo of US$5 million”.

“It has become evident that our group paid US$25 million under the misunderstanding that the payment was necessary – mainly due to the lack of appropriate report from the staff in charge of the Philippines project,” Universal said referring to a report it commissioned from a panel of outside experts. The firm added hat it also filed fraud charges with the Tokyo prosecutors.

Mr Nakano was the administration division manager of the Japanese branch of Aruze USA.

“The company has filed criminal charges, not criminal complaints, because the direct victim is Aruze USA,” Univesal said.

The criminal complaint marks the latest episode in the legal battle between Mr Okada and three former employees, including Mr Nakano, over alleged US$40 million in payments made in 2010 to advance the construction of the US$2-billion casino resort at Manila’s Entertainment City.

The alleged payments have been the subject of separate investigations by the Philippines Department of Justice, the U.S. Federal Bureau of Investigation and the Nevada gaming regulator.

Mr Okada has repeatedly denied claims that he bribed Philippine gaming regulators to get a casino licence for Manila’s Entertainment City.


  • tweet
Related articles
  • Resorts World Manila op 1Q GGR up 43pct y-o-y
    Resorts World Manila op 1Q GGR up 43pct...

    May 25, 2022  

  • Leisure and Resorts 1Q loss widens as costs rise
    Leisure and Resorts 1Q loss widens as...

    May 25, 2022  

More news
  • Alvin Chau indicted for illegal gaming, money laundering
    Alvin Chau indicted for illegal gaming,...

    May 26, 2022  

  • SJM confident of completing refinancing: Daisy Ho
    SJM confident of completing...

    May 26, 2022  


Latest News

Alvin Chau indicted for illegal gaming, money laundering

Alvin Chau indicted for illegal gaming, money laundering

May 26, 2022  

Macau’s Public Prosecutions Office has indicted Alvin Chau Cheok Wa (pictured in a file photo), former boss of Macau casino junket Suncity Group, with illegal gaming, criminal association, fraud,...
Read More
SJM confident of completing refinancing: Daisy Ho

SJM confident of completing refinancing: Daisy Ho

May 26, 2022  

Casino op Genting Malaysia 1Q revenue up 176pct

Casino op Genting Malaysia 1Q revenue up 176pct

May 26, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


540,430

Visitors arrivals to Singapore in the first four months of 2022



Most Popular

  • Wynn Macau Ltd asks managers to take 10pct wage in stockWynn Macau Ltd asks managers to take 10pct wage in stock May 24, 2022
  • Alvin Chau indicted for illegal gaming, money launderingAlvin Chau indicted for illegal gaming, money laundering May 26, 2022
  • Marina Bay Sands to hire up to 2,000 workers: firmMarina Bay Sands to hire up to 2,000 workers: firm May 26, 2022
  • Macau satellites seek biz model leeway, says Ponte 16 bossMacau satellites seek biz model leeway, says Ponte 16 boss May 26, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us