Okada has been arrested by the Philippine National Police Aviation Security Group after arriving from Japan,<\/p>\n\n\n\n\n\n\n\n
The Philippines.- Kazuo Okada<\/strong> has been arrested after returning to the Philippines to fight charges of grave coercion<\/a> brought against him in connection with his forced takeover of the Okada Manila casino<\/a> in late May. He was arrested at Ninoy Aquino International Airport by the Philippine National Police Aviation Security Group after arriving from Haneda, Japan, on Monday morning (October 18).<\/p>\n\n\n\n In April, the Supreme Court of the Philippines issued a status quo ante order (SQAO) <\/strong>that recognised Kazuo Okada as the sole representative of Tiger Resort Asia Limited in Tiger Resort Leisure & Entertainment and ordered his reinstatement as a shareholder, director, chairman and CEO. However, the DOJ says Okada \u201cwent beyond” what the SQAO permitted\u201d.<\/p>\n\n\n\n Okada said in a statement: \u201cI insisted on coming back to the Philippines despite several warnings from my lawyers that I may be detained by the authorities. I want to show the Filipino people and the world that I am not afraid. I came back to face this \u201cgrave coercion\u201d charge against me and my associates. <\/p>\n\n\n\n \u201cI have nothing to fear when I know I am standing on the right side of the law. I will not bow down to intimidation, and I will not back off from this legal battle. This fight isn\u2019t over.\u201d <\/p>\n\n\n\n In September, Tiger Resort Asia Limited (TRAL) <\/strong>retook control of Okada Manila<\/a>\u2019s casino resort. Kazuo Okada remains recognised on the board for now in view of the SQAO which temporarily restored him to his position. However, he did not attend the board\u2019s first meeting<\/a>.<\/p>\n\n\n\n Tiger Resort Leisure and Entertainment Inc. (TRLEI) <\/strong>has reported that Okada Manila saw a 355 per cent increase in foot traffic for the first nine months of 2022. It said it expects that to continue improving due to the growing demand for gaming and entertainment<\/strong> after the easing of Covid-19 countermeasures.<\/p>\n\n\n\n Byron Yip, TRLEI president, told the Manila Bulletin: \u201cWe at Okada Manila are seeing green shoots of recovery from when the pandemic struck the Philippines in 2020. \u201cThrough the collaboration of our employees and leaders, Okada Manila was able to record more than two folds growth in our monthly foot traffic.\u201d<\/p>\n\n\n\n Hans Van Der Sande<\/strong>, chief financial officer and treasurer of TRLEI, said the Philippines has attracted tourists from South Korea and other Southeast Asian countries, despite restrictions on resuming junkets from China. He noted that November, December and January are always the best months.<\/p>\n","protected":false},"excerpt":{"rendered":" Okada has been arrested by the Philippine National Police Aviation Security Group after arriving from Japan,<\/p>\n","protected":false},"author":176,"featured_media":16426,"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 has been arrested in the Philippines on grave coercion charges following his forceful takeover of Okada Manila, despite a Supreme Court order reinstating him, which the DOJ claims he exceeded. This legal dispute unfolds as Okada Manila reports a significant 355% increase in foot traffic for the first nine months of 2022, signaling a robust market recovery post-pandemic. The ongoing governance challenges contrast with the operational rebound of the integrated resort.","focusai_entities":"Kazuo Okada, Philippine National Police Aviation Security Group, Supreme Court of the Philippines, DOJ, Tiger Resort Asia Limited, Tiger Resort Leisure & Entertainment Inc., Okada Manila, Byron Yip, Hans Van Der Sande","focusai_location":"Philippines, Japan, Manila, Haneda","focusai_target_profile":"ceo_executive (0.9), regulator (0.95), compliance_legal (0.9), operator_casino (0.85), marketing_crm (0.7), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.95)","focusai_suggestions":[{"label":"SQAO Interpretation Impact","query":"What are the specific legal interpretations by the DOJ that assert Kazuo Okada \"went beyond\" the Supreme Court's status quo ante order, and what precedent does this set for corporate governance disputes in the Philippines?"},{"label":"Market Recovery Sustainability","query":"Given the 355% increase in Okada Manila's foot traffic, what are the projections for GGR and NGR growth, and how sustainable is this recovery amidst ongoing leadership disputes and regional tourism dynamics, particularly regarding the absence of Chinese junkets?"}],"footnotes":""},"categories":[439,16333],"tags":[8986],"class_list":["post-34527","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legal-news","category-south-east-asia-news","tag-okada-manila"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/34527","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=34527"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/34527\/revisions"}],"predecessor-version":[{"id":34542,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/34527\/revisions\/34542"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/16426"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=34527"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=34527"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=34527"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Okada Manila foot traffic up 355% between January and September<\/h2>\n\n\n\n