Tag Archives: universal Entertainment
Philippines – Universal Entertainment and 26 Capital Acquisition Corp. extend deadline for merger
26 Capital Acquisition Corp. and UE Resorts International have reiterated their mutual commitment to and strong support of their previously announced Agreement and Plan of Merger and Share Acquisition dated October 15, 2021by jointly consenting to extend the termination date of the of the Agreement. UE Resorts International is the holding company of Okada Manila, the premier casino and…
Philippines – Okada Manila approved to launch online gaming site
Universal Entertainment’s subsidiary Tiger Resort, Leisure & Entertainment, the operating company for the Okada Manila integrated resort facility in the Philippines, has received approval from PAGCOR (Philippine Amusement and Gaming Corporation) to enter into online gaming on April 19. The system is scheduled to go into operation after clearing various conditions, such as confirmation of…
Philippines – GGR down by 42 per cent during Okada Manila’s first quarter
Universal Entertainment has said that Tiger Resort Leisure & Entertainment, the operator of Philippines integrated resort Okada Manila, saw a 35 per cent year-on-year fall in Adjusted segment EBITDA to Php69m(US$14.3m) in the first quarter of 2021 due to the effects of COVID-19. Universal said: “Tiger Resort Leisure & Entertainment posted gross gaming revenue of…
Philippines – Universal looking to float Okada Manila on US stock exchange
Universal Entertainment Corporation, the powerhouse behind Manila’s integrated casino resort Okada Manila, has confirmed it is ‘formally examining the listing of the operating company under the company’s Integrated Resort (IR) Business, which the company has developed in the Philippines, on either the US NASDAQ Stock Exchange or the New York Stock Exchange with the use…
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…
Japan – Kazuo Okada ordered to pay damages to Universal Entertainment
Former Universal Entertainment owner Kazuo Okada will have to pay his former company JPY 21.3m (US$193,000) in damages following a ruling by the Tokyo District Court. Mr. Okada, who was ousted as Universal Chairman in June 2017 pending investigation, will also have to pay all litigation costs for over the two year period that the…
Philippines – Universal at an ‘exciting inflection point’ as headwinds clear
Union Gaming believes that Japan’s Universal Entertainment is at an ‘exciting inflection point’ with its battle with former Chairman Kazuo Okada seemingly over. Analyst John DeCree said Universal ‘can finally declare victory in its long and arduous legal battle with its former chairman Kazuo Okada as the highest Japanese appeals court for trust litigation upheld…
Philippines – Okada Manila up across all segments as visitation booms
Tiger Resort, Leisure and Entertainment, the operator behind Okada Manila in the Philippines, saw its monthly GGR increase by 48 per cent year-on-year with property visitation attracting over 500,000 people. Up from 370,291 in July last year, this year’s total number of customer visits hit 514, 020. July’s revenue came in at Php3.266bn (US$62.7m), up…
Japan – Kazuo Okada launches giveaway campaign on social media
Kazuo Okada, the former Chairman of pachislot manufacturer Universal Entertainment, has launched a YouTube and Twitter campaign offering followers a US$890,000 giveaway, aiming at garnering support to regain his position at Universal. Okada’s Twitter followers have reached 4,000 in just a few days whilst his first YouTube video was viewed 7,100 times. The self-proclaimed Casino…
