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Legal
September 28, 2023
Schulte Sues 26 Capital over Unpaid Fees
Schulte Roth & Zabel, an American law firm, has launched a lawsuit against its former client 26 Capital Acquisition, a special purpose acquisition company. According to a Reuters report, the law company now seeks to recover almost 2 million in legal fees. The report says that Schulte Roth & Zabel contacted the Delaware Court of […]
Casino
August 11, 2023
Okada Manilla Launches Marketing Campaign to Promote Destination
The Philippines-based resort will now promote itself through the “Okada Manila Go” initiative launched to coincide with surging financial performance across the group. Universal Entertainment Corp, the company that owns Okada Manila, saw H1 2023 sales go up by 40.8% to $548 million. Okada Manila Beckons to Local and International Players Okada Manila itself hit […]
Casino
March 7, 2023
Okada Manila Kidnapping Results in Five People’s Arrest
The male victim of the abduction was released with the incident taking place at Okada Manila where he was being held hostage. The perpetrators were aged between 24 and 36 according to local media reports. Okada Manila Becomes Scene of Abduction Upon investigating, police found out that the abductors had forced the man into the […]
Legal
February 8, 2023
US SPAC Firm Starts Legal Action against Okada Manila
The lawsuit was filed on February 2 in the Delaware Court of Chancery and calls for the prompt consummation of the merger, which was initially agreed upon in October 2021. Universal Entertainment to Review Lawsuit Amidst Merger Extension The ultimate parent company of Okada Manila, Japan’s Universal Entertainment Corp, has stated that they will carefully […]
Business
December 15, 2022
Universal Entertainment Reports Major Loss Resulting from Okada Manila Takeover
Following a delay in the announcement of third quarter financial results due to the Okada Manila Casino Resort scandal, Universal Entertainment, the Japan-based parent company of the Philippine casino operator Tiger Resort, Leisure and Entertainment Inc (TRLEI), finally posted its results revealing the fulfillment of forecasts for big losses in connection with the scandal. Universal […]
Casino
December 5, 2022
Okada Manila Reports Impressive Q32022 Results
Following a delay due to the violent takeover of Okada Manila Casino Resort, the resort’s operator Tiger Resort, Leisure and Entertainment Inc (TRLEI) has finally published the financial results for Okada Manila for the third quarter of 2022. GGR Increased by 141% Year-On-Year TRLEI reported an astounding boost of 141% in gross gaming revenue (GGR) […]
Casino
November 16, 2022
Universal Entertainment Expects Major Losses Following Okada Manila Takeover
Ahead of the upcoming financial results report scheduled for November 22, Universal Entertainment Corp, the parent company of Okada Manila Casino Resort operator Tiger Resort, Leisure and Entertainment Inc (TRLEI), has announced that it will probably report major losses resulting to the hostile takeover of the resort by Japanese billionaire Kazuo Okada and his group. […]
Business
November 1, 2022
TRLEI Will Delay Announcement of Q3 Results for Okada Manila
The operator of the Okada Manila Casino Resort, Tiger Resort, Leisure and Entertainment Inc (TRLEI), is delaying the official announcement of its financial results for the period from July to September 2022 due to the violent takeover of the property by the group led by Japanese billionaire and founder of the resort Kazuo Okada in […]
Legal
October 19, 2022
Kazuo Okada Was Arrested Upon His Return to Manila
Japanese businessman Kazuo Okada has been arrested upon his arrival in the Philippines. The reason was the businessman’s prior involvement in the controversial Okada Manila takeover. Okada Was Arrested Soon after Landing Yesterday, Okada announced that he returned to Manila, despite his lawyers advising him on the contrary. The magnate believed he has nothing to […]
Legal
October 18, 2022
Okada Returns to the Philippines to Show He Is Not Afraid
Kazuo Okada, a Japanese businessman and the founder of the Okada Manila resort and casino has returned to the Philippines, contrary to his lawyers’ advice. Okada says his move is meant to show that he is not afraid of the Philippine authorities because he is the just one. Okada Returned to the Philippines Kazuo Okada […]
