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Tag Archives: universal Entertainment

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…

Philippines – Universal stresses Okada arrest warrant won’t affect Okada Manila

Japan’s Universal Entertainment, owner of Tiger Resort Leisure & Entertainment and the Philippine casino resort it operates; Okada Manila, has stressed that an arrest warrant issued for its founder and former boos Kazuo Okada won’t threaten its licence for the casino. Former Tiger Resort Leisure & Entertainment Inc (TRLEI) President Takahiro Usui was also named…