Tag Archives: Universal Entertainment
- 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...
- 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...
- SunCity to bring high rollers in Okada Manila in Q4
Asian casino junket operator SunCity Group will reportedly start shepherding some of their high-rollers to Okada Manila in the fourth quarter. Quoting a Morgan Stanley note, GGRAsia reported that SunCity is expected to start ferrying VIP gamblers to the Universal Entertainment Corp integrated resort by the last quarter of the...
- 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...
- 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...
Okada Manila eyes Philippine backdoor listing
May 2, 2017