{"id":33444,"date":"2022-09-13T03:01:37","date_gmt":"2022-09-13T06:01:37","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=33444"},"modified":"2026-04-23T04:58:45","modified_gmt":"2026-04-23T07:58:45","slug":"universal-confirms-it-has-filed-a-case-against-kazuo-okada-in-hk","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/universal-confirms-it-has-filed-a-case-against-kazuo-okada-in-hk","title":{"rendered":"Universal confirms it has filed a case against Kazuo Okada in HK"},"content":{"rendered":"\n

It’s accused Okada of fraud and violence in his takeover of Okada Manila.<\/p>\n\n\n\n\n\n\n\n

Hong Kong.- Universal Entertainment issued a press release yesterday (September 12) confirming that it has filed criminal charges against Kazuo Okada<\/strong>\u00a0and his team in Hong Kong following their takeover of Okada Manila.\u00a0According to the company, Okada’s team had been involved in “fraud and violence”.<\/p>\n\n\n\n

The indictment states that Tiger Resorts Asia Limited (TRAL) has suffered an unfair paralysis of the activities of Tiger Resorts Leisure and Entertainment Inc. (TRLEI) and Okada Manila due to criminal activities. It claimed TRAL had suffered a significant and irreparable loss.<\/p>\n\n\n\n

According to Universal Entertainment, the Hong Kong jurisdiction is involved because Hong Kong-registered Tiger Resort Asia Limited (TRA)<\/strong> is the parent company that holds 99.9 per cent of the voting rights of Tiger Resort, Leisure and Entertainment (TRLEI)<\/strong>.<\/p>\n\n\n\n

The announcement comes a few days after\u00a0TRA retook control of Okada Manila\u2019s casino resort<\/a>. Okada’s team was ordered to handover control by\u00a0the Philippine Amusement and Gaming Corp (PAGCOR) under a Status Quo Ante Order (SQAO) issued by the Supreme Court,<\/p>\n\n\n\n

Kazuo Okada continues to be recognised on the board <\/strong>in view of an order that temporarily restored him to his position. However, he did not attend<\/a> Wednesday\u2019s Tiger Resorts, Leisure & Entertainment Inc (TRLEI) board meeting.<\/p>\n\n\n\n

Hans Van der Sande<\/strong>, TRLEI\u2019s chief financial officer and board director, said that the board meeting was \u201cpeacefully conducted\u201d and added: \u201cIt was a successful exercise of our administrative and operational management to bring the business back into the normal course of operations.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

It’s accused Okada of fraud and violence in his takeover of Okada Manila.<\/p>\n","protected":false},"author":176,"featured_media":26856,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Universal Entertainment has filed criminal charges in Hong Kong against Kazuo Okada and his team, alleging fraud and violence during their takeover of Okada Manila, resulting in significant losses for Tiger Resorts Asia Limited (TRAL). This action follows TRAL's regaining operational control of Okada Manila, despite a Philippine Supreme Court order temporarily reinstating Kazuo Okada to the board. The dispute highlights complex corporate governance and regulatory challenges within the iGaming and integrated resort sector.","focusai_entities":"Universal Entertainment, Kazuo Okada, Tiger Resorts Asia Limited, TRAL, Tiger Resorts Leisure and Entertainment Inc., TRLEI, Philippine Amusement and Gaming Corp, PAGCOR, Supreme Court, Hans Van der Sande","focusai_location":"Hong Kong, Philippines","focusai_target_profile":"ceo_executive (0.95), regulator (0.95), compliance_legal (0.95), operator_casino (0.9), investor_analyst (0.95), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Legal Recourse Impact","query":"What are the potential legal and financial ramifications for Universal Entertainment and TRAL following the criminal charges filed in Hong Kong, particularly concerning the ongoing operational stability and asset valuation of Okada Manila?"},{"label":"Regulatory Authority Role","query":"How might PAGCOR's continued oversight and the Philippine Supreme Court's Status Quo Ante Order influence the long-term corporate governance structure and B2C licensing compliance of TRLEI amidst these complex legal disputes?"}],"footnotes":""},"categories":[16338,439],"tags":[8986,23749],"class_list":["post-33444","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-legal-news","tag-okada-manila","tag-universal-entertainment-corporation"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/33444","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=33444"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/33444\/revisions"}],"predecessor-version":[{"id":33472,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/33444\/revisions\/33472"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/26856"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=33444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=33444"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=33444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}