Okada Manila to Hold Meeting With Kazuo Okada, Seeks to Normalize Casino

The deemed rightful manipulator of Okada Manila says it will take hold a plank group meeting tomorrow, Sep 7, with Japanese billionaire Kazuo Okada. The convergency is localize to live the for the first time face-to-face 'tween the 2 sides claiming to be the rightful manipulator of the integrated resort inward Manila’s Entertainment City.

Universal Entertainment Corporation regained verify of Okada Manila’s operations over the weekend. That’s after the Philippine Amusement and Gaming Corporation (PAGCOR) ordered the casino’s governance be returned to Universal and its subsidiaries Tiger Resort, Leisure and Entertainment (TRLEI), and Tiger Resort Asia Limited (TRAL).

Kazuo had been seeking to occupy verify of his namesake holiday resort and companies he founded after existence forcibly removed inward 2017 on allegations of put-on and abuse of society funds. On May 31, a aggroup led past Kazuo stormed the collective offices at Okada Manila and took hold of the property.

Kazuo claimed a Status Quo Ante Order issued by the Philippine Islands Supreme Court directional TRLEI to restitute its boardroom paper to its 2017 transcription validated his actions. The Kazuo-led faction later on controlled TRLEI and Okada capital of the Philippines from June 1 until this past times weekend.

Okada Manila’s former management sought sound recourse in the viewing of the May 31 raid. The Philippines Department of Justice concluded that PAGCOR, the nation’s commercial gaming regulator, should adjudicate which entity is the rightful manipulator of Okada Manila.

PAGCOR officials deemed Universal and TRLEI, the latter since restored to its pre-May 31 structure, as the legitimate operator.

Universal Reviewing Impact

Universal explained inwards an investor note that TRLEI is investigating the impact of Okada capital of the Philippines beingness running play by the Kazuo grouping over the past tense tercet months.

The society says it’s believed that the illicit management poached cash directly from the cassino in dictate to pay workers and executives, as the resort’s banking accounts were frozen amid the intra-corporate dispute. Reports of employees who refused to know the Kazuo radical existence dismissed in multiple departments is also being probed.

Universal to boot contends that members of the Kazuo unit lawlessly took secret materials from the gambling casino resort’s premises, falsified data, and shredded evidential documents.

The TRLEI room looks send on to the good recommencement of N at Okada Manila, and looks forrard to Mr. Kazuo Okada’s participation in the scheduled gameboard meeting,” a companion outlet said.

While Kazuo testament follow welcomed plump for to Okada capital of the Philippines for tomorrow’s get on meeting, TRLEI said former members of his aggroup are not. TRLEI says the V Florida key officials who false governance and controller of the casino through the raid are not allowed entranceway to the property. Those persons are Antonio “Tonyboy” Cojuangco, Dindo Espeleta, Maximo Modesto Joel Flores, Tetsuya Yokota, and Hiroshi Kawamura.

Normal Business Restored

This past times weekend’s homecoming of Okada capital of the Philippines direction to Universal/TRLEI was said to follow relatively peaceful, with just a distich of hiccups. Universal officials said the Kazuo group temporarily handicapped the resort’s elevators for several hours amid the takeover.

However, Universal says Okada Manila’s operations experience since been stabilized. And stableness is the name of the gamey moving forward.

“The TRLEI get on looks forwards to normalcy at Okada Manila,” the TRLEI statement concluded.