Company: Universal Entertainment Corporation
Family Name: Okada
Given Name: Kazuo
Role: Founder and Former Chairman
Profile: Okada rose to prominence as a manufacturer of slot machines and pachislot. In the early 2000s he worked together with Steve Wynn to establish Wynn Resorts, but later moved on to focus on his own casino project in the Philippines, Okada Manila. Not long after the doors opened on that crowning achievement, Okada was accused of misappropriating company funds and was dislodged from his position in the company that he founded.
Kazuo Okada has vowed to make use of all legal options to fight an arrest warrant laid against himself and the former president of Okada Manila, Takahiro Usui, in relation to fraud allegations, local media reports.
Japanese gaming tycoon Kazuo Okada announced on Friday he has been released from bail by Hong Kong’s Independent Commission Against Corruption, thus resolving one of his pending legal difficulties.
Casino magnate Kazuo Okada is on the verge of losing his bitter battle to regain control of the gaming business that he founded after a series of legal and business events have swung against him.
Japanese billionaire Kazuo Okada has asked the Philippine Stock Exchange to block a planned backdoor listing of Tiger Resort Asia, which owns and operates the US$2.4 billion Okada Manila.
Universal Entertainment assured shareholders on Monday that the arrest warrant for Universal Entertainment founder Kazuo Okada will not affect its Philippines gaming operations.
A court in Parañaque, the Philippines, has issued an arrest warrant for Universal Entertainment founder Kazuo Okada in connection with charges that he embezzled more than US$3 million from his own company.
Tiger Resorts & Leisure has been ordered to re-submit its tender offer to minority shareholders in Asiabest Group to disclose factual information about civil and criminal proceedings involving its directors in Hong Kong.
Tomohiro Okada, the son of casino mogul Kazuo Okada, has admitted that he had played a part in the removal of his father from their family-owned company based on suspicion of impropriety, rather than any concrete evidence.
Philippines-based Tiger Resort Leisure and Entertainment, operator of Okada Manila and a unit of the Universal Entertainment Corporation, will open an office in Tokyo with the aim of entering the domestic IR race.
Gaming mogul Kazuo Okada has fired back at the allegations made against him by Universal Entertainment Corporation, calling the allegations “false and malicious” and part of “the latest attempt by UEC to harm [his] reputation.”
Japanese gaming mogul Kazuo Okada and an associate has been arrested by Hong Kong’s anti-corruption watchdog, according to a filing from Universal Entertainment Corporation.
Universal Entertainment, the company behind Okada Manila, is planning an intra-group “organizational realignment” aimed at protecting its businesses from “unsuitable individuals.”
Japanese gaming mogul Kazuo Okada is not completely clear of the US$10 million fraud charges filed against him, which is still subject to review from the Department of Justice
Philippine prosecutors in Parañaque and Makati cities have dropped all charges filed against Japanese gaming billionaire Kazuo Okada.