Tag Archives: Universal Entertainment Corp.
- 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...
- PHL Bank okays Okada’s $800M loan for Manila Bay Resorts
May 18, 2016
PHL Bank okays Okada’s $800 M loan for Manila Bay Resorts Universal Entertainment Inc. has injected an additional P37.6 billion ($809.51 million) into its Manila Bay Resorts project, which is expected to be launched by December 2016. In a disclosure to the Singapore Stock Exchange last Friday, Universal announced that...
- Universal, PHL partner to build opera house, office towers next
July 31, 2015
Japanese gaming firm Universal Entertainment Corp. and its Philippine partner are eyeing the next phase of construction for the $2 billion Manila Bay Resorts project, which is set to open in 2016. Kazuo Okada’s Universal Entertainment Corp. is on a roll. The Japanese gaming firm and its Philippine partner are...
- Century Properties extends olive branch to Okada group
September 4, 2014
Philippine real estate developer Century Properties Group Inc. is open to settling a partnership dispute with Universal Entertainment Corp., a company controlled by billionaire Kazuo Okada. In March, Universal Entertainment Philippines subsidiaries—Eagle I Landholdings Inc., Eagle II Holdco Inc. and Brontia Limited—terminated an agreement over a $2 billion integrated resort...
- Department of Justice intervenes in Okada v. Wynn civil suit
April 10, 2013
The Nevada court fight between Wynn Resorts and its former number one shareholder Kazuo Okada got thrown a wobbler on Tuesday with the news that the US Department of Justice has filed a motion to intervene in the case. Bloomberg’s Edvard Pettersson reported that the DoJ is seeking to halt...
- Macau’s January 2013 revenues up 7.3 percent; Okada, Gokongwei extend talks
February 1, 2013
January 2013 is officially in the books and for the month, Macau's gambling revenue reached 26.9 billion patacas ($3.4 billion), a number that represents a 7.3-percent improvement from their previous performance in the same time last year. The robust returns could be attributed to the return of Chinese bettors who...
Okada Manila eyes Philippine backdoor listing
May 2, 2017
Dragon Corp. wants to bring blockchain to Macau’s casino floors
September 25, 2017
Parisian Macao battling Legionnaires’ Disease outbreak
April 25, 2017