Kazuo Okada - updates

Rappler's latest stories on Kazuo Okada


Prosecutor junks perjury case filed by Okada vs former firm

Apr 28, 2019 - 5:39 PM

There 'is no falsity that can be attributed' to Tiger Resort official Dindo Espeleta, says Las Piñas City Senior Assistant Prosecutor Donald Macasaet

JAPANESE TYCOON. A perjury case filed by Japanese gaming tycoon Kazuo Okada against his former firm is junked by a local prosecutor. File photo by AFP

DOJ affirms dismissal of another estafa complaint vs Okada

Jan 20, 2019 - 10:35 AM

But tycoon Kazuo Okada is still facing another $3.1-million estafa case

CASE DISMISSED.Kazuo Okada, chairman of Universal Entertainment Corporation, rides his car after attending an event at Malacanang Palace in Manila on January 23, 2017. File photo by Ted Aljibe/AFP

Parañaque court orders arrest of Japanese gaming tycoon Kazuo Okada

Jan 06, 2019 - 9:55 PM

The tycoon says the allegation that he committed estafa is 'absolutely absurd'

This photo taken on Janaury 23, 2017 shows Kazuo Okada, chairman of Universal Entertainment Corporation, getting into his car after attending an event at Malacanang Palace in Manila. (Photo by TED ALJIBE / AFP)

Tiger Resorts says Guevarra son hired before he was named DOJ Secretary

Dec 22, 2018 - 10:59 AM

The timeline from Tiger Resorts also means Guevarra's son was hired even before a Parañaque City prosecutor dismissed estafa charges filed by Tiger Resorts against Kazuo Okada

Justice Secretary Menardo Guevarra confirms the arrest of Senator Antonio Trillanes IV following the revocation of his amnesty during a press conference at the DOJ in Manila on September 4, 2018. Photo by Ben Nabong/Rappler

Guevarra denies hand in Okada case reversal

Dec 20, 2018 - 7:20 PM

Justice Secretary Menardo Guevarra's son works for Tiger Resorts, which filed a case against its former CEO Kazuo Okada

DOJ indicts gambling tycoon Kazuo Okada for estafa

Dec 18, 2018 - 4:16 PM

The Japanese gaming mogul allegedly got $3.1 million from Tiger Resort Leisure and Entertainment, Incorporated without authority from the board

GAMBLING TYCOON. Gambling tycoon Kazuo Okada faces a $3-million estafa complaint in Manila. File photo by Ted Aljibe/AFP

DOJ asked to reinvestigate Okada estafa complaint

Jun 17, 2018 - 6:25 PM

Tiger Resort Leisure & Entertainment Incorporated files two motions before the Department of Justice, seeking a new probe and the junking of resolutions issued by the Parañaque City Prosecutor's Office

LEGAL BATTLE. Tiger Resort, owner and operator of Okada Manila, continues its legal battle against Japanese tycoon Kazuo Okada.

Prosecutor general inhibits from Okada estafa complaints

Jun 10, 2018 - 4:15 PM

Acting Prosecutor General Jorge Catalan Jr grants the motion of Tiger Resort Leisure & Entertainment Incorporated, the complainant against Japanese tycoon Kazuo Okada

Acting Prosecutor Gen. Jorge Catalan Jr. answers queries from the senators during the hearing of Committees on Public Order & Dangerous Drugs and Justice & Human Rights at the Senate in Pasay City on July 26, 2017. Photo by Ben Nabong/Rappler

DOJ asked to probe 'leaked' resolution in Okada estafa case

Jun 03, 2018 - 4:51 PM

Tiger Resort claims Parañaque City Prosecutor Amerhassan Paudac's investigation into the matter would be 'whitewashed' since Paduac himself is involved

LEGAL BATTLE. Tiger Resort, owner and operator of Okada Manila, blames Parañaque City Prosecutor Amerhassan Paudac for supposedly leaking the resolution involving its $10 million estafa complanint against Kazuo Okada. File photo by Alecs Ongcal/Rappler

DOJ to probe 'leaked' resolution on Okada complaint

May 28, 2018 - 3:55 PM

Justice Secretary Menardo Guevarra says he will find out whether a resolution on the estafa complaint against Kazuo Okada was indeed leaked

NEW ORDERS. Justice Secretary Menardo Guevarra orders all incumbent undersecretaries and assistant secretaries to resign. Photo by Ben Nabong/Rappler

Parañaque prosecutor asked to inhibit from Okada estafa complaint

May 23, 2018 - 8:45 PM

Tiger Resort blames the prosecutor for the supposed leak of a resolution involving its estafa complaint against its ex-chairman Kazuo Okada

LEGAL BATTLE. Tiger Resort, owner and operator of Okada Manila, is the complainant in the estafa case, accusing ex-partner Kazuo Okada of embezzling over $10 million of the firm's funds between early 2016 and June 2017. Photo by Alecs Ongcal/Rappler

Japanese billionaire to expand Okada Manila in 2017

Apr 28, 2017 - 5:02 PM

According to Okada Tiger Resort is still considering listing through the backdoor route

EXPANSION. 'We would be preparing for our Phase II starting this year, within the year. About 300,000 square meters will be developed for our Phase II,' Kazuo Okada says on the sidelines of ASEAN Prosperity For All Summit 2017. Photo by Alecs Ongcal/Rappler

Okada Manila set to open for Christmas preview

Dec 21, 2016 - 10:00 AM

Under the plan Okada Manila will have a two wing hotel with 993 rooms ranging from 55 square meters for deluxe rooms to 1 400 sqm villas

NEXT BIG THING? Tiger Entertainment unveils Kazuo Okada's US $2 billion investment in Manila dubbed to be the next grandiose entertainment complex in the region. Photo courtesy of Tiger Entertainment

Chavit Singson secures major sponsors for Miss Universe 2016

Aug 29, 2016 - 4:50 PM

The group of Chavit Singson secures commitment from Philippine Airlines SM Japanese casino mogul Kazuo Okada and Solar Entertainment among others the tourism chief says

INVESTOR INTEREST. Tourism Secretary Wanda Teo says her department is getting a lot of private sector interest for Miss Universe 2017. Photo by Chrisee Dela Paz/Rappler

Kazuo Okada eyes resorts, golf courses in the Philippines

Jul 20, 2016 - 3:35 PM

The Japanese billionaire whose 44 hectare integrated resort and casino Okada Manila is opening this year wants to pursue more projects in the Philippines

MAKING AN IMPRESSION. A rendering of Tiger Resort's planned casino, with a dancing fountain as centerpiece. It is set to open in this year. Image courtesy of Tigers Resorts

Okada's Philippine casino on track for 2016 opening

May 25, 2016 - 6:07 PM

The chief of Tiger Resort says the company is bullish on the prospects of its planned resort and Entertainment City

MAKING AN IMPRESSION. A rendering of Tiger Resort's planned casino, with a dancing fountain as centerpiece. It is set to open in December 2016. Image courtesy of Tigers Resorts

Kazuo Okada, Tonyboy Cojuangco partner for casino project

Jul 30, 2015 - 5:02 PM

Tiger Resorts had to endure bumps on the road in its pursuit of the 2 billion Manila Bay Resorts Integrated Resort and Casino including a falling out with its previous local partner and PAGCOR s threat to suspend its gaming license

Tiger Resort's Manila Bay Casino Resort Project

What the Philippines brings to casinos worldwide

Jul 25, 2015 - 7:23 PM

Aruze s Batangas plant supplies almost 10 of slot machines worldwide

Century Properties still keen on PAGCOR’s Entertainment City

Jun 22, 2015 - 6:30 PM

The property firm is not closing its doors on a casino project while it further diversifies its portfolio to include Novotel Suites Manila its first hotel venture

Century Properties withdraws case vs Okada group

May 14, 2015 - 4:34 PM

The Jose E B Antonio led property firm settles amicably with the Japanese tycoon after a year of disagreement over the aborted joint venture to build an integrated resort and casino project

PH threatens to suspend Japanese tycoon's casino license

May 12, 2015 - 6:55 PM

Regulators confiscate a P100 million assurance bond from Kazuo Okada’s Tiger Resorts Leisure and Entertainment as the firm requests for more time to complete its planned 1 billion casino project

Century Properties files for HK arbitration over casino deal

Apr 23, 2015 - 4:37 PM

The move is prompted by the Court of Appeals decision to junk a Makati court ruling that stops Japanese billionaire Kazuo Okada from terminating the deal

Century Properties open to settlement with Okada group

Sep 02, 2014 - 5:02 PM

The company is willing to settle a partnership dispute with the Japanese billionaire and resume talks on their casino joint venture

Photo shows the artist's rendition of the Okada group's Manila Bay Resorts in the Entertainment City in Manila

Okada group says Manila casino project 'on schedule'

Apr 02, 2014 - 7:40 PM

A legal dispute with property firm Century Properties is not affecting the progress of the construction according to the group

Photo shows the artist's rendition of the Okada group's Manila Bay Resorts in the Entertainment City in Manila

Century Properties to court: Stop Okada group from terminating casino deal

Apr 01, 2014 - 6:34 PM

The Antonio led property firm asks the Makati court for protection from the Okada group s move to scrap their investment agreement

Photo shows the artist's rendition of the Okada group's Manila Bay Resorts in the Entertainment City in Manila

Okada group terminates casino deal with Century Properties

Mar 27, 2014 - 5:25 PM

Century Properties is reviewing possible legal actions against the Okada group It says the termination was premature and unfounded

Photo shows the artist's rendition of the Okada group's Manila Bay Resorts in the Entertainment City in Manila

Century Properties signs casino deal with Okada group

Nov 01, 2013 - 2:46 PM

The Antonio led firm and Japanese pachinko billionaire Kazuo Okada s group partner to develop land within the government owned gaming hub in Manila

NEW DEAL. The Okada and Antonio family groups forge an agreement involving the casino and tourism project at the Entertainment City. This photo shows the artist's rendition of the Manila Bay Resorts

Okada to proceed with Manila casino project

Jul 16, 2013 - 9:20 PM

Japanese firm Universal Entertainment stresses it based its decision to invest 2 billion in a Manila casino on legal advice of a prominent law firm

STILL A GO. Kazuo Okada-led Universal Entertainment is pushing through with its Manila Bay Resorts project in Entertainment City despite the justice department's anti-dummy allegations. Artist's rendition of the Okada group's casino-entertainment project

No evidence to prove Okada-Pagcor bribery issue — DOJ

Jul 15, 2013 - 3:50 PM

Investigators hit a blank wall due to the reluctance of witnesses to testify that Japanese billionaire Kazuo Okada s group bribed Filipino regulators for its Manila casino project

EVIDENCE NEEDED. A justice department panel has yet to find enough evidence that Universal Entertainment of Japanese billionaire Kazuo Okada bribed Filipino regulators. This photo shows the artist's rendition of Okada's Manila Bay Resorts

Okada, 24 others face anti-dummy raps in PH

Jul 15, 2013 - 2:06 PM

3rd UPDATE A DOJ panel finds that Japanese tycoon Kazuo Okada and 24 regulators lawyers from SyCip Salazar and casino executives conspired to make it appear that the foreign group qualified to acquire land for the Manila casino project

Okada, Tan still in talks on property deal

Jul 10, 2013 - 4:45 PM

The parties signed in 2012 a joint venture agreement for a residential condominium complex in Pagcor s Entertainment City

S. Korea rejects Okada's casino bid

Jun 24, 2013 - 10:49 AM

South Korean s move is surprising since it can delay plans to put Incheon in the Asian gambling map a strategy that Manila which has granted Okada a casino license is also vying for

REJECTED. The awardee of this $2-billion casino-entertainment project in Manila was rejected in South Korea. This photo shows the artist's rendition of the Manila Bay Resorts

No casino deal with Okada group - Gokongwei

May 29, 2013 - 2:10 PM

The Gokongwei led Robinsons Land Corp is not pushing through with plans to partner with controversial Japanese pachinko billionaire Kazuo Okada for the casino project in Manila

NO DEAL. The negotiations between the Okada group and Gokongwei groups regarding the Manila casino and tourism project at the Entertainment City have failed. This photo shows the artist's rendition of the Manila Bay Resorts

Okada wins California license in spite of probe

Apr 18, 2013 - 4:57 PM

Kazuo Okada who is facing bribery allegations due to payments to a Pagcor consultant was awarded a gaming license in California

LICENSED. Kazuo Okada says winning a California license shows he is "suitable" for the gaming industry. This photo shows the artist's rendition of the Manila Bay Resorts

Okada quits Wynn Resorts board, avoiding ouster

Feb 22, 2013 - 8:37 AM

Japanese gambling tycoon Kazuo Okada resigns from Wynn Resorts preempting a move to oust him

Gokongwei: PH prospects now clearer

Feb 21, 2013 - 7:36 AM

The influx of foreign investors coming to the Philippines validates what the Gokongweis knew all along: doing business here is worth it

MORE PLAYERS. Second generation businessman Lance Gokongwei talks about growing market pie and increasing competition. Screengrab from ANC interview

Razon-led Bloomberry casino opens in March

Feb 06, 2013 - 1:34 PM

The 1 2 billion Solaire Manila Resorts is the first casino to open in Pagcor s tourism and leisure estate Entertainment City

AFP Photo

Okada firm to probe alleged Pagcor bribes - report

Jan 08, 2013 - 11:52 AM

Reuters reports Universal Entertainment will set up a panel of independent experts to investigate the matter

YEARENDER: 12 big business stories in 2012

Dec 31, 2012 - 5:51 PM

This list shows how the movers and shakers took advantage of opportunities and navigated the risks how political leaders showed grim determination and how intertwined the players in both business and politics are

Okada sues Wynn for Internet libel in Manila

Dec 14, 2012 - 7:51 AM

The company of controversial Japanese billionaire Kazuo Okada filed Internet libel case versus his partner turned bitter foe Steve Wynn in Manila for maliciously leaking to the press a report adversarial to the Okada camp

ONLINE. The Internet libel case the group of Japanese businessman Kazuo Okada filed against Nevada-based Steve Wynn cites this press release posted on Wynn Resorts' website screen grabbed here

Pagcor chief: Observe due process in Okada probe

Dec 11, 2012 - 11:21 AM

The current chief of the Philippine Gaming Corp Pagcor said due process should be observed in the investigation on the alleged illicit payments made by a private firm to a former official of the state run casino operator and regulator

Okada group sues Reuters for reporting on Pagcor 'payments'

Dec 05, 2012 - 10:59 AM

The group of Japanese billionaire Kazue Okada has sued Reuters and 3 of its journalists for defamation over the financial news group s reporting of alleged payments to influence government officials in Manila

$30-M 'paid as bonus' to ex-Pagcor official

Nov 30, 2012 - 7:12 PM

Describing former Pagcor consultant Rodolfo Soriano as a fixer Reuters says these payments were dubbed in a meeting of Okada led Universal Entertainment as completion bonus for his help in clearing remaining hurdles on the casino company s Manila venture

Philippines soon at par with Las Vegas in gaming receipts - CBRE

Nov 20, 2012 - 11:21 PM

In 5 years the Philippines will challenge Las Vegas casino revenues says real estate consulting firm CBRE s chair

Screenshot of a page on www.ggam.com

Pagcor probes Okada ‘payment’ to ex-consultant

Nov 18, 2012 - 11:49 PM

Pagcor is investigating a report that Okada affiliates paid off its former consultant to win concessions for a casino project

'Okada firms probed for alleged $5-M payment to ex-Pagcor consultant'

Nov 17, 2012 - 7:22 PM

Reuters said Japanese billionaire Kazuo Okada s Universal Entertainment Corp is now being investigated by U S gaming authorities for allegedly paying millions of dollars to a former PAGCOR consultant to win a concession at a casino in Manila

Lopez-led Rockwell rules out deal with Okada for now

Aug 03, 2012 - 1:13 PM

Rockwell Land Chairman Manuel Lopez said that for the moment the company had ruled out helping develop the Manila s newest casino development

Tan, Okada forge P45-B real estate deal on Entertainment City

Jul 16, 2012 - 11:38 AM

Andrew Tan led Empire East Land Holdings says it has formed a joint venture with the Okada led Tiger Resort Leisure for the development of luxury residences

Okada, other Pagcor City investors to pay for NAIA Expressway

Mar 21, 2012 - 11:50 PM

Controversial Japanese billionaire Kazuo Okada will be among the private investors financing the expressway leading to Pagcor City

NAIA EXPRESSWAY. The highway project is among the government's first large-scale public-private partnership projects.

Wynn says Okada's countersuit not 'meaningful'

Mar 13, 2012 - 9:43 PM

The gambling world s best friends turned bitter enemies continue to wash their dirty linen in the media and in the courts