Tag Archives: Kazuo Okada
- 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...
- Wynn Resorts says Okada fight won’t derail Japan casino bid
July 14, 2017
Casino operator Wynn Resorts is dismissing suggestions that its long-running highly public legal squabble with Kazuo Okada could jeopardize Wynn’s pursuit of a Japanese casino license. This week, Morningstar analysts suggested that the five-year legal battle between Wynn and Okada, founder of Japanese gaming operator Universal Entertainment Corp, could spell...
- Kazuo Okada brings family to court to take gambling empire back
July 3, 2017
Japanese casino mogul Kazuo Okada is out to prove that blood isn’t thicker than water as he attempts to regain control of his sprawling business empire. Channel News Asia reported that Okada sued his son, daughter, and wife in Hong Kong after his family started a boardroom coup that resulted...
- Kazuo Okada ‘unfit’ to be a company director – Universal Ent. President
June 29, 2017
Embattled Japanese casino mogul Kazuo Okada is ‘unfit’ to be director of a public company and Universal Entertainment Corp. president Jun Fujimoto vows to back up his allegations. A supposed private letter of Fujimoto dated June 21 made the rounds ahead of a scheduled annual meeting of Universal shareholders on...
- How the mighty have fallen: family feud leads to Kazuo Okada’s ouster
June 28, 2017
Who would have thought that the possible downfall of Japanese billionaire Kazuo Okada would begin with cracks forming inside his own home? Reuters reported that Okada’s family led the boardroom coup against the septuagenarian casino mogul, which resulted in the latter’s ouster as a director of Hong Kong-based Okada Holdings...
- Universal links Kazuo Okada to two more cases of illegal activities
June 20, 2017
Japanese-listed gaming conglomerate Universal Entertainment Corporation has uncovered more skeletons inside the closet of casino magnate Kazuo Okada as they dig further into his previous business transactions. Universal informed the Japanese Stock Exchange on Monday that they are looking into at least two more business dealings of Okada, which it...
Okada Manila eyes Philippine backdoor listing
May 2, 2017