The Dispute Over Okada Manila Continues in Court

The fight for control over the Okada Manila casino resort continues as the Philippines Supreme Court has issued a court order obliging Japanese billionaire Kazuo Okada to reply to a motion for clarification filed by the parent company of Tiger, Resort Leisure & Entertainment’s (TRLEI). The motion disputes the reinstatement of Okada on the TRLEI board and his physical control over the casino resort.

Ongoing Dispute for The Control Over Okada Manila
On May 31, with the help of 50 guards and policemen, Kazuo Okada together with Antonio “Tonyboy” Cojuangco and Dindo Espeleta took control over the Okada Manila casino resort and reinstated themselves on the board of TRLEI, which is the operator of the resort. They backed their actions with a Supreme Court status quo ante order (SQAO), which allegedly decreed that Okada shall be reinstated as CEO, chairman, director and shareholder of TRLEI. The Philippine Amusement and Gaming Corp (PAGCOR) was also present during the takeover with a monitoring team.

Tiger Resort Asia Ltd (TRAL), which holds a majority stake in TRLEI, however, disputed these actions through their motion for clarification and pointed out that the SQAO did not authorize Okada to represent TRLEI in any way or form, nor did it allow him to make changes to the board of the company.

Source: https://www.gamblingnews.com/news/the-dispute-over-okada-manila-continues-in-court/