{"id":8410,"date":"2023-11-30T00:00:00","date_gmt":"2023-11-30T00:00:00","guid":{"rendered":"https:\/\/www.mundovideo.com.co\/en\/asia\/philippine-court-remove-kazuo-okada-properly-from-ir\/"},"modified":"2023-11-30T00:00:00","modified_gmt":"2023-11-30T00:00:00","slug":"philippine-court-remove-kazuo-okada-properly-from-ir","status":"publish","type":"asia","link":"https:\/\/www.mundovideo.com.co\/en\/asia\/philippine-court-remove-kazuo-okada-properly-from-ir\/","title":{"rendered":"Philippine court remove Kazuo Okada properly from\u00a0IR."},"content":{"rendered":"<p><span style=\"font-family:Times New Roman,serif\"><span style=\"color:#000000\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">Japan&rsquo;s Universal Entertainment Corp, the founding parent of the Okada Manila casino resort in the Philippines,&nbsp;says the Philippine Supreme Court has <\/span><\/span><\/span><span style=\"color:#000000\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\"><em>&ldquo;lifted&rdquo;<\/em><\/span><\/span><\/span><span style=\"color:#000000\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">&nbsp;a <\/span><\/span><\/span><span style=\"color:#000000\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\"><em>&ldquo;status quo ante&rdquo; <\/em><\/span><\/span><\/span><span style=\"color:#000000\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">order&nbsp;that had restored Kazuo Okada, the ousted founder of the company, to the board of the property&rsquo;s operator.<\/span><\/span><\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family:Times New Roman,serif\"><span style=\"color:#0000ff\"><u><a href=\"https:\/\/www.mundovideo.com.co\/asia\/the-pachinko-king-has-no-space-to-make-a-false-step\" target=\"_blank\" rel=\"noopener\"><span style=\"font-size:large\">The Pachinko King has no space to make a false step<\/span><\/a><\/u><\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family:Times New Roman,serif\"><span style=\"color:#000000\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">Mr Okada (pictured) founded Universal Entertainment, and also Tiger Resort, Leisure and Entertainment Inc (TRLEI), the operator of Okada Manila, but was ousted from both entities in June 2017, accused of fraud. He has denied wrongdoing.<\/span><\/span><\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family:Times New Roman,serif\"><span style=\"color:#000000\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">In April&nbsp;last year, Mr Okada&rsquo;s side&nbsp;had been&nbsp;granted a <\/span><\/span><\/span><span style=\"color:#000000\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\"><em>&ldquo;status quo ante&rdquo;<\/em><\/span><\/span><\/span><span style=\"color:#000000\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\"> order, restoring the composition of the TRLEI board to how it was before he was removed. His side cited that order as a justification for&nbsp;the six-month&nbsp;takeover of Okada Manila last year.<\/span><\/span><\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family:Times New Roman,serif\"><span style=\"color:#000000\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">Supporters of Mr Okada&nbsp;physically occupied&nbsp;the premises of the casino resort for a time starting on May 31 last year. Universal Entertainment said in a September 4, 2022, statement that it had&nbsp;taken back control&nbsp;of the property.<\/span><\/span><\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>was ousted from both entities in June 2017, accused of fraud. He has denied wrongdoing.<\/p>\n","protected":false},"author":1,"featured_media":8411,"menu_order":218,"comment_status":"open","ping_status":"open","template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[],"tags":[4282],"class_list":{"0":"post-8410","1":"asia","2":"type-asia","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-was-ousted-from-both-entities-in-june-2017-accused-of-fraud-he-has-denied-wrongdoing","8":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Philippine court remove Kazuo Okada properly from\u00a0IR. - Mundo Video Entertainment | Casino News in Latin America and the World<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mundovideo.com.co\/en\/asia\/philippine-court-remove-kazuo-okada-properly-from-ir\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Philippine court remove Kazuo Okada properly from\u00a0IR. - Mundo Video Entertainment | Casino News in Latin America and the World\" \/>\n<meta property=\"og:description\" content=\"was ousted from both entities in June 2017, accused of fraud. 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