Tomohiro Okada asks Kazuo camp to vacate casino

July 28, 2022 Philippines Crime & Legal Industry Updates

Tomohiro Okada, the majority owner of the ultimate parent company of Okada Manila, has directed the camp of his father Kazuo Okada to immediately vacate the $3.3-billion integrated resort and casino in Entertainment City in Parañaque.

Tomohiro said he only recognizes the former board of directors of Tiger Resorts Leisure and Entertainment Inc. (TRLEI), the operator of Okada Manila, led by Byron Yip.

Tomohiro’s statement came almost two months after his father took over the management of the facility.

“As the majority controlling shareholder in OHL [Okada Holdings Ltd.], I, Tomohiro Okada, condemn and disown the acts of my father Kazuo and his Filipino and Japanese cohorts in Okada Manila. Their perversion of the law must be put to an end. I am organizing the boards of OHL, UEC and TRAL to immediately address this issue, work with our legal teams, and seek redress from the High Court of the Philippines to put to rest the Kazuo group’s futile attempt at what is truly a shameful corporate heist,” Tomohiro said in a statement.

“I do not recognize the illegitimate occupation of Okada Manila or any of their claims that they now manage and control Okada Manila. I only recognize the legitimate board of TRLEI led by Byron Yip, who was duly elected by shareholders, to run Okada Manila. My father’s minority voting stakes in OHL does not give him the right to control Okada Manila — much less appoint anyone as part of its board.”