A warrant of arrest has been issued against Japanese tycoon Kazuo Okada in connection with a fraud case filed against him by the company he founded.
Kazuo Okada is asking the Philippine Department of Justice to reconsider its resolution finding probable cause that he had committed fraud.
Citing new regulations and lower sales, Universal Entertainment Corp. (UEC) has lowered the forecast for its financial results for the year.
A Manila court has thrown out on a technicality Kazuo Okada’s petition to regain control of the operator of the Okada Manila casino resort.
Universal Entertainment has chosen to conduct a private placement of $600 million to help pay for Okada Manila continued construction.
The Philippine SEC has been asked to stop a tender offer for shares of Asiabest Group, acquired by Okada Manila owner Tiger Resort Asia Limited.
According to a report by Fitch Ratings, the Philippines-based resort “has good potential to establish itself as a leading integrated resort (IR).
Philippine police bust illegal online gambling site, arrest 93 Chinese nationals; President Duterte warns cops to steer clear of Okada Manila casino.
The Okada Manila casino resort's October adjusted segment EBITDA was “an all-time high,” of PHP370.6 million ($7 million).
The operating loss of Okada rose in the third quarter by $1.09 million, primarily driven by an increase in amortization and depreciation.