There’s only [two] people that can score on me in the post: Shaquille O’ Neal in his prime… and Jesus Christ.
-Lebron James 
19th June 2017  
 
  Shown the door, again
 
The Story

Japanese casino mogul Kazuo Okada may not see his integrated casino turn a profit after Universal Entertainment Corporation’s Philippine subsidiary, Tiger Resort, Leisure and Entertainment, Inc. voted to oust him as the board’s chairman.

 

That was brutal.

It’s partly damage control. Okada was voted out as the chairman of the board as the investigation on his involvement in the supposed JPY2 billion (US$18.15 million) illegal fund outflows in Universal Entertainment Corp. continues. He was replaced by Justice Manuel Lazaro.

 

It’s the second time that he was kicked out.

In 2012, the septuagenarian was ousted as director of US casino operator Wynn Resorts on allegations that he violated US anti-bribery laws when he gave fancy meals and drinks to Philippine gaming officials while in Las Vegas and Macau to get concessions for Okada Manila. The casino mogul has since denied the allegations.

 

And that’s not all.

Aside from the bribery of Philippine gaming officials, he was accused of allegedly paying $40 million to a Manila-based consultant in 2010. He was also involved in the fraudulent transfer of a loan amounting to HKD $17.3 million to a third party in 2015.

 

Takeaway

Losing his board seat in Manila should be the least of Okada’s problems as he continues to parry numerous allegations of irregularities in his business dealings. 

 
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The primary difference between roulette wheels in Europe and America is the additional "double zero" added to the American style wheel. With the additional slot, American casinos have effectively increased its house advantage by a factor of 2x.

 
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Multiplier: A bonus slot feature where payouts can be multiplied up to 10 times on a bonus win.

 
 
 
 
 
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  SHOUT OUT
 

Royal Ascot, Britain’s most prestigious horse-racing event, will happen on June 20 to June 24. Punters are staking their bets on Order of St. George, which has a 7/1 odds of winning the Gold Cup.

 
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