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Tag Archives: Tiger Resorts

Japan – Tokyo High Court rejects Okada appeal over Universal fraud

Universal Entertainment Founder and former owner Kazuo Okada has had his appeal against alleged fraud he committed whilst in the hot seat of his former company kicked out by the Tokyo High Court. The High Court lent its support to a decision made by the Tokyo District Court earlier this year demanding he pay damages…

Philippines – Okada Manila announces redundancies for 1,000 members of staff

Tiger Resorts is making 1,000 members of staff at its Okada Manila integrated resort in the Philippines redundant from mid-June due to the coronavirus closures. Okada Manila President Takashi Oya said: “It is a reality that the company could not escape because of the new normal that lies ahead of us. Not having any revenues…

Philippines – Okada Manila’s GGR jumps 73 per cent in February

2019 has been quite a year so for Universal Entertainment in the Philippines with its Okada Manila casino recording GGR of PHP 2,378 m (US$45.2m) in February, up 73 per cent year-on-year. This follows on from January’s GGR being up by 134 per cent. The operator said: “In addition to February being three days shorter…

Philippines – Kazuo Okada not yet cleared of perjury and fraud in the Philippines

The Philippines’ Department of Justice has initiated an investigation into the Paranaque City prosecutor who cleared Kazuo Okada of charges of fraud brought against him by Tiger Resort Leisure and Entertainment, a subsidiary of Universal, the company founder by Mr. Okada. Philippine Justice Secretary Menardo Guevara said that Paranaque City Prosecutor Amerhassan Paudac will be…

Philippines – Tiger removes Okada as Chairman of Okada Manila

Tiger Resort, the operator behind Okada Manila, the casino resort in the Philippines, has removed Kazuo Okada as its Chairman. Tiger Resort is owned by Japanese gaming giant Universal Entertainment, of which Mr Okada is the founder and Chairman. Universal on June 8 it was suspending Okada, pending investigation. He is accused, along with a…

Philippines – Okada predicts profit in first year at preview of Okada Manila

Universal Entertainment previewed its $2.4bn Okada Manila casino in the Philippines with Chairman Kazuo Okada’s claims that it could help the Philippines surpass Singapore in terms of gaming revenue. Okada Manila, a joint venture between Okada and Filipino businessman Antonio “Tonyboy” Cojuangco, was originally supposed to be opened by Tiger Resort last November but was…

Philippines – Okada Manila to open on December 21

Japan’s Universal Entertainment is delaying the opening of Okada Manila, its $2.4bn Manila casino, by a month to December due to bad weather, government policies and economic conditions. The opening has been confirmed for December 21. Okada Manila will boast 993 hotel rooms, 8,409 square meters of retail space, 500 table games and over 3,000…

Philippines – Tiger Resorts brands Philippines’ project as Okada Manila

Japanese gaming giant Kazuo Okada is raising investment in his Philippines’ casino resort from $2.4bn to $4bn with a rebranding of the project to Okada Manila utilising his name. The plan is to hold a soft opening in November. Okada Manila will boast a casino floor with 500 gaming tables and over 3,000 slot machines,…

Philippines – PAGCOR threatens Universal/Tiger with licence suspension

PAGCOR, the Philippine gaming regulator, has given Tiger Resorts, the operator controlled by Kazuo Okada’s Universal Entertainment, 90 days to explain why it shouldn’t have the licence for its future casino resort in the Philippines revoked. PAGCOR has already confiscated a $2.2m guarantee payment from Tiger, paid when it secured the licence for Manila Bay…