Tag Archives: Kazuo Okada
- Universal clueless on Okada Manila backdoor listing plan
October 18, 2017
Looks like Japanese casino mogul Kazuo Okada has kept Universal Entertainment Corp in the dark regarding his plan to list Okada Manila in the Philippine Stock Exchange (PSE) through a back door. In a regulatory filing, the Japanese gaming conglomerate said the company is unaware of Okada’s plans to acquire...
- Okada Group in talks of acquiring Philippine-listed holding firm
October 16, 2017
The group of Japanese casino mogul Kazuo Okada is apparently window shopping for publicly listed companies in the Philippines in preparation for its Philippine bourse debut. Citing several industry sources, The Philippine Daily Inquirer reported that Okada’s local representatives looked at three publicly-listed firms to take over for the prospective...
- Universal lodges a patent breach suit vs. Okada firm
September 25, 2017
Japanese gaming firm Universal Entertainment Corp. has filed a JPY100 million (US$890,684) suit against casino mogul Kazuo Okada for the failure of his privately held companies to pay patent licensing fees to the company. Universal announced before the Japan Association of Securities Dealers Automated Quotation (Jasdaq) on Friday that they...
- Universal refutes Okada reinstatement report
September 19, 2017
Japan-listed gaming conglomerate Universal Entertainment Corporation has denied reports that casino mogul Kazuo Okada is back on the company’s board after his ouster in June. Universal issued a clarification to the Japan Association of Securities Dealers Automated Quotation (JASDAQ) after Reuters ran an exclusive story that Okada had reinstalled himself...
- Universal Ent: Kazuo Okada committed fraud for his own benefit
September 5, 2017
Ousted Universal Entertainment Corp. chairman Kazuo Okada committed three fraudulent acts for his personal gain, the Japan-listed gaming conglomerate reported. Universal formally concluded its three-month investigation into the multi-million dollar illegal fund outflows from its Hong Kong-based subsidiary Tiger Resort Asia Ltd (TRA) on Monday, with probers declaring that the...
- Lack of credibility, transparency are Philippine casino industry’s Achilles heel
August 16, 2017
The Philippines' gaming revenue may have risen an average of nearly 24 percent over the past few years but somehow, this Southeast Asian island nation is finding it difficult to lure big name western investors to bet in the country. According to a Wall Street Journal report, the Philippines’ problem...
Okada Manila eyes Philippine backdoor listing
May 2, 2017