{"id":3979,"date":"2022-09-07T07:31:13","date_gmt":"2022-09-07T07:31:13","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2022\/09\/07\/universal-entertainment-takes-control-of-okada-manila\/"},"modified":"2022-09-07T07:31:13","modified_gmt":"2022-09-07T07:31:13","slug":"universal-entertainment-takes-control-of-okada-manila","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2022\/09\/07\/universal-entertainment-takes-control-of-okada-manila\/","title":{"rendered":"Universal Entertainment Takes Control of Okada Manila"},"content":{"rendered":"
\n

According to a new announcement on Sunday, Universal Entertainment Japan said its local agent in the Philippines has taken over the operations of Okada Manila Casino in what the company said was \u201cthe latest move in a long-standing ownership dispute.\u201d<\/p>\n

In a statement with a copy of the local gaming authority\u2019s order dated Sept. 2, the group said the $3.3 billion acquisition of Southeast Asia\u2019s largest gaming resort was \u201cgenerally peaceful.\u201d<\/p>\n

Regulatory Agency, Philippine Amusement and Gaming Corporation. (PAGCOR) in its order said it was revoking the endorsement of the board members of Okada Manila-based developer and operator Tiger Resorts Leisure and Entertainment<\/a>, previously installed by a group including Japanese tycoon Kazuo Okada<\/a>. In addition, regulators ordered Okada\u2019s Philippine subsidiary to cease operations at the casino and withdraw funds from the property\u2019s vault.<\/p>\n

According to an April ruling by the Philippines Supreme Court, which restored the pachinko tycoon as chairman, shareholder and director of Tiger Resort, only Okada himself will be recognized from now on, PAGCOR said. Okada was ousted from the boards of Tiger Resorts and Universal in 2017.<\/p>\n

The Okada Group and its Filipino associates said on Sunday that PAGCOR had violated the Supreme Court\u2019s order and that they would take legal action on the matter, Reuters reported, without giving any further details on the matter.
\nIn a statement released Saturday after PAGOR\u2019s order, Okada Manila said it was \u201cbusiness as usual\u201d at the resort.<\/p>\n

The post Universal Entertainment Takes Control of Okada Manila<\/a> appeared first on iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

According to a new announcement on Sunday, Universal Entertainment Japan said its local agent in the Philippines has taken over the operations of Okada Manila Casino in what the company said was \u201cthe latest move in a long-standing ownership dispute.\u201d In a statement with a copy of the local gaming authority\u2019s order dated Sept. 2, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-3979","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t