{"id":30468,"date":"2022-06-06T03:05:53","date_gmt":"2022-06-06T06:05:53","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=30468"},"modified":"2026-04-23T08:05:09","modified_gmt":"2026-04-23T11:05:09","slug":"universal-entertainment-accuses-pagcor-of-bias-in-favour-of-kazuo-okada","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/universal-entertainment-accuses-pagcor-of-bias-in-favour-of-kazuo-okada","title":{"rendered":"Universal Entertainment accuses PAGCOR of bias in favour of Kazuo Okada"},"content":{"rendered":"\n

Kazuo Okada’s team denies using violence to take over Okada Manila but Universal Entertainment Corp has accused PAGCOR of acting in favour of the ousted billionaire.<\/p>\n\n\n\n\n\n\n\n

The Philippines.- Accusations continue to come from both sides in the saga of the Okada Manila takeover. Universal Entertainment Corp<\/strong> has accused the Philippine casino regulator PAGCOR of “biased participation” in the dispute between the company and a group led by Japanese billionaire Kazuo Okada.<\/p>\n\n\n\n

Last week,\u00a0PAGCOR<\/a>\u00a0said it had arranged for a team to investigate allegations of a possible violent takeover of Okada Manila by a group linked to Okada. However, Universal Entertainment said that PAGCOR sided with Kazuo Okada. It insists that the takeover was violent.<\/p>\n\n\n\n

It noted that PAGOR had recognized Dindo A. Espeleta as the new representative of Tiger Resort Leisure Entertainment (TRLEI).<\/p>\n\n\n\n

The company said: “PAGCOR is not authorised by law to adjudicate intra-corporate disputes.” It added that the regulator was \u201cnot permitted to exercise its regulatory powers by favouring a party in an intra-corporate dispute, a matter well within the jurisdiction of the Securities and Exchange Commission (SEC).\u201d<\/p>\n\n\n\n

Kazuo Okada’s team denies having used violent methods in Okada Manila takeover<\/h2>\n\n\n\n

Kazuo Okada’s team has released a statement denying that it used force to take control of Okada Manila, saying that the move was legal and in compliance with a Supreme Court ruling. The team argued that the takeover was peaceful and that the fact that it was done together with members of the Philippines National Police, four sheriffs, and witnessed by representatives of PAGCOR is proof.<\/p>\n\n\n\n

Tiger Resort Leisure Entertainment<\/a>\u00a0claims that a group by former board member Tonyboy Cojuangco arrived with about 50 private guards and police officers who claimed they were authorised by a court order to take over the Okada Manila complex.<\/p>\n","protected":false},"excerpt":{"rendered":"

Kazuo Okada’s team denies using violence to take over Okada Manila but Universal Entertainment Corp has accused PAGCOR of acting in favour of the ousted billionaire.<\/p>\n","protected":false},"author":176,"featured_media":16973,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"This article details the ongoing corporate governance dispute over Okada Manila, with Universal Entertainment Corp accusing Philippine regulator PAGCOR of biased intervention in favour of Kazuo Okada's team. Universal alleges a violent takeover and challenges PAGCOR's jurisdiction in intra-corporate matters, while Okada's team asserts the legality and peaceful nature of their actions, citing a Supreme Court ruling. The conflict highlights significant regulatory and operational risks for the integrated resort.","focusai_entities":"Kazuo Okada, Universal Entertainment Corp, PAGCOR, Dindo A. Espeleta, Tiger Resort Leisure Entertainment (TRLEI), Securities and Exchange Commission (SEC), Philippines National Police, Tonyboy Cojuangco, Okada Manila","focusai_location":"Philippines","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.9), operator_casino (0.85), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"PAGCOR's Jurisdiction?","query":"What specific legal precedents or statutory interpretations does Universal Entertainment Corp cite to challenge PAGCOR's authority in adjudicating intra-corporate disputes, and how might this impact future regulatory interventions?"},{"label":"Operational Impact?","query":"Beyond the immediate control dispute, what are the potential long-term operational and financial implications for Okada Manila, particularly concerning its licensing status, capital expenditure plans, and market positioning amidst this governance instability?"}],"footnotes":""},"categories":[154,158,16333],"tags":[8986,405],"class_list":["post-30468","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislation-news","category-slider-home","category-south-east-asia-news","tag-okada-manila","tag-pagcor"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/30468","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=30468"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/30468\/revisions"}],"predecessor-version":[{"id":30499,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/30468\/revisions\/30499"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/16973"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=30468"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=30468"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=30468"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}