{"id":30970,"date":"2022-06-21T02:11:15","date_gmt":"2022-06-21T05:11:15","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=30970"},"modified":"2026-04-23T07:37:09","modified_gmt":"2026-04-23T10:37:09","slug":"kazuo-okadas-team-denies-business-disruption-at-okada-manila","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/kazuo-okadas-team-denies-business-disruption-at-okada-manila","title":{"rendered":"Kazuo Okada\u2019s team denies business disruption at Okada Manila"},"content":{"rendered":"\n<p>It says that all financial obligations are met and that business transactions are continuing.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>The Philippines.- Kazuo Okada&#8217;s team has reaponded after Universal Entertainment Corp announced that three <a href=\"https:\/\/focusgn.com\/asia-pacific\/universal-says-okada-manila-bank-accounts-frozen\">Philippine banks had frozen<\/a> the integrated resort&#8217;s accounts. It says there will be no disruption of business.<\/p>\n\n\n\n<p>The Kazuo Okada led-group said that all financial obligations are met and that all ongoing business transactions will continue.<\/p>\n\n\n\n<p>Okada&#8217;s team said the bank freeze has no effect on Okada Manila&#8217;s commitment to its partners and patrons nor on employees&#8217; salary payments.<\/p>\n\n\n\n<p>The company stated: &#8220;<strong>Management is closely working with the banks\u00a0<\/strong>in order to provide continued support to Tiger Resort Leisure and Entertainment Inc.&#8217;s business needs.&#8221;<\/p>\n\n\n\n<p>The development follows the\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/controversy-surrounds-kazuo-okadas-return-to-okada-manila\" target=\"_blank\">controversial return of Kazuo Okada<\/a>.<\/p>\n\n\n\n<p>Last week,&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/tiger-resort-asia-warns-against-dealing-with-kazuo-okadas-team\" rel=\"noreferrer noopener\">Tiger Resort Asia Ltd<\/a>&nbsp;(TRAL), which owns 99.9 per cent of the shares of Okada Manila Tiger Resort Leisure and Entertainment Inc (TRLEI), had warned that \u201cany transaction supposedly made on behalf of TRLEI, our subsidiary, by any of these individuals or their agents and representatives, will not be honoured or recognized.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It says that all financial obligations are met and that business transactions are continuing.<\/p>\n","protected":false},"author":176,"featured_media":22061,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Kazuo Okada\u2019s team asserts that Okada Manila's financial obligations are met and business operations are uninterrupted, despite Universal Entertainment Corp's announcement of frozen bank accounts by Philippine banks. This development stems from an ongoing corporate control dispute following Kazuo Okada's controversial return, with Tiger Resort Asia Ltd warning against unauthorized transactions.","focusai_entities":"Kazuo Okada, Universal Entertainment Corp, Okada Manila, Tiger Resort Leisure and Entertainment Inc., Tiger Resort Asia Ltd","focusai_location":"Philippines","focusai_target_profile":"ceo_executive (1.0), regulator (1.0), compliance_legal (1.0), operator_casino (1.0), payments_fraud_aml (0.7), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Regulatory Actions?","query":"What specific legal or regulatory actions are Philippine authorities contemplating regarding the operational status and licensing of Okada Manila amidst this governance dispute?"},{"label":"Supplier Impact?","query":"How might this ongoing corporate control battle and financial uncertainty impact Okada Manila's B2B supplier contracts and payment schedules?"}],"footnotes":""},"categories":[163,158,16333],"tags":[8986,23749],"class_list":["post-30970","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-slider-home","category-south-east-asia-news","tag-okada-manila","tag-universal-entertainment-corporation"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/30970","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=30970"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/30970\/revisions"}],"predecessor-version":[{"id":31005,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/30970\/revisions\/31005"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/22061"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=30970"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=30970"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=30970"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}