PAGCOR “duty bound” to comply with Okada Supreme Court ruling

The Philippines Amusement and Gaming Corp. (PAGCOR) said it was “duty bound” to comply with the Supreme Court’s order that Japanese billionaire Kazuo Okada and his team be reinstated to the board of Tiger Resort, Leisure & Entertainment (TRLEI).

In a statement, the regulator said it had received notice of the court’s Status Quo Ante Order on May 4 and had referred the matter to its legal department.

“Considering that the matter at hand involves an intra-corporate dispute pending before the Supreme Court, PAGCOR, as a government regulatory body, is duty bound to observe due process and comply with the issuances of the Supreme Court.

Source: https://agbrief.com/news/philippines/03/06/2022/pagcor-duty-bound-to-comply-with-okada-supreme-court-ruling/