Tag Archives: Universal Entertainment
- 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...
- Tiger Resorts kicks out Kazuo Okada from Okada Manila board
June 19, 2017
Japanese casino mogul Kazuo Okada has been shown the exit of the Manila casino that bears his name as an investigation into the supposed JPY2 billion (US$18.15 million) illegal fund outflows in Universal Entertainment Corp. drags on. Okada, who made a big bet in opening an integrated resort in the...
- Suspected improper loans put Okada’s Universal leadership in peril
June 9, 2017
Trouble is brewing inside Japanese gaming conglomerate Universal Entertainment Corp. as the company launches a probe into founder and chairman Kazuo Okada and another director over JPY2 billion (US$18.15 million) illegal fund outflows from its Hong Kong-based subsidiary. Universal announced before the Japan Association of Securities Dealers Automated Quotation (Jasdaq)...
Okada Manila eyes Philippine backdoor listing
May 2, 2017