{"id":32813,"date":"2022-08-21T18:19:25","date_gmt":"2022-08-21T21:19:25","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=32813"},"modified":"2026-04-23T05:42:19","modified_gmt":"2026-04-23T08:42:19","slug":"okadas-board-to-maintain-control-of-okada-manila","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/okadas-board-to-maintain-control-of-okada-manila","title":{"rendered":"Okada’s board to maintain control of Okada Manila"},"content":{"rendered":"\n

The Philippines’ Supreme Court has declined to overturn the status quo ante order that established Kazuo Okada as the sole representative of Tiger Resorts Asia.<\/p>\n\n\n\n\n\n\n\n

The Philippines.- The courts have ruled again in favour of Kazuo Okada<\/strong> and his team, allowing them to retain control over the Okada Manila casino resort. The Supreme Court had refused to overturn a status quo ante order (SQAO) that establishes Kazuo Okada as the sole representative of Tiger Resorts Asia (TRAL) <\/strong>in Tiger Resorts, Leisure and Entertainment (TRLEI).<\/p>\n\n\n\n

On May 31,\u00a0Tiger Resort Leisure Entertainment<\/a>\u00a0and Universal Entertainment Corp lodged a complaint against Okada’s takeover of Okada Manila. They argued that an April 27 Supreme Court order restoring TRLEI’s board to the state it was in before Okada was ousted did not give him the green light to occupy the gaming resort.<\/p>\n\n\n\n

However, the Supreme Court said in its August 10 finding that the status quo ante order was properly issued per law and jurisprudence.<\/p>\n\n\n\n

The Court stated: “We note that criminal cases were allegedly filed against those involved in the 31 May 2022 Okada Manila incident,” and added that “there are substantive issues that need to be resolved before this Court can properly resolve the parties’ pending motions.”<\/p>\n\n\n\n

The matter will now be referred to the Court of Appeal<\/strong>, which must report back within 30 days. It has been directed to obtain evidence on TRLEI\u2019s financial condition and the alleged dissipation of its assets; supposed non-payment of landlord, suppliers and contractors\u201d by Okada\u2019s side; TRLEI\u2019s alleged intention to list an entity in the United States; TRLEI\u2019s purported plan to transfer its casino business to that entity; the supposed waiver of TRLEI\u2019s leasehold rights over the land on which Okada Manila is situated; and other acts claimed to be ultra vires or prejudicial to TRLEI.<\/p>\n\n\n\n

Criminal charges against Kazuo Okada<\/a>\u00a0and several Okada Manila board members have been dismissed by the Makati City Prosecutor (OCP). They had been accused of falsifying documents, but the prosecutor said there was a lack of probable cause.<\/p>\n\n\n\n

The accusations had been made by\u00a0Hajime Tokuda<\/strong>, director of Asia Best Group International and Universal Entertainment Corp \u2013 the parent company of Okada Manila operator Tiger Resort Leisure Entertainment Inc. (TRLEI).<\/p>\n","protected":false},"excerpt":{"rendered":"

The Philippines’ Supreme Court has declined to overturn the status quo ante order that established Kazuo Okada as the sole representative of Tiger Resorts Asia.<\/p>\n","protected":false},"author":176,"featured_media":12901,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Philippines' Supreme Court has upheld a status quo ante order, affirming Kazuo Okada's control over Okada Manila and his representation of Tiger Resorts Asia. The case is now referred to the Court of Appeal for a 30-day investigation into TRLEI's financial condition, alleged asset dissipation, and other corporate actions. Separately, criminal charges against Kazuo Okada related to document falsification have been dismissed by the Makati City Prosecutor.","focusai_entities":"Kazuo Okada, Tiger Resorts Asia (TRAL), Tiger Resorts, Leisure and Entertainment (TRLEI), Okada Manila, Universal Entertainment Corp, Supreme Court, Court of Appeal, Makati City Prosecutor (OCP), Hajime Tokuda, Asia Best Group International","focusai_location":"Philippines, Makati City, United States","focusai_target_profile":"ceo_executive (0.9), regulator (0.85), compliance_legal (0.95), operator_casino (0.9), investor_analyst (0.9), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Appeal Court Impact","query":"What are the potential implications for Okada Manila's operational stability and TRLEI's corporate structure if the Court of Appeal's findings substantiate claims of asset dissipation or ultra vires acts?"},{"label":"Governance & M&A Outlook","query":"How does the ongoing legal uncertainty surrounding TRLEI's control and alleged plans for a US listing and business transfer affect its long-term capital markets strategy and potential M&A prospects?"}],"footnotes":""},"categories":[154,158,16333],"tags":[8986],"class_list":["post-32813","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"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/32813","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=32813"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/32813\/revisions"}],"predecessor-version":[{"id":32849,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/32813\/revisions\/32849"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/12901"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=32813"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=32813"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=32813"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}