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Sunday, June 25, 2017

Kazuo Okada Removed As Chairman of Okada Manila

Image courtesy of Facebook: Okada Manila

The local casino industry was jolted at the news that Tiger Resort Leisure and Entertainment, Inc. (TRLEI) has removed Kazuo Okada as chairman of the board. Under TRLEI is Okada Manila, which was recently launched and is now being promoted with various attractions not only to gamers, but to locals who want to experience the offerings of the casino resort complex.

The removal of the billionaire Okada was based on a board decision emanating from a special stockholders meeting. This move was in response to the decision of Universal Entertainment Corporation (UEC) to investigate further Okada on an alleged anomaly. The initial investigation revealed that close to $ 2 million company funds might have been improperly moved by Okada.  

Okada Manila is under UEC, Japan. According to reports, retired Justice Manuel Lazaro will replace Okada as board chairman, while Kenji Sugiyama will be president. Other personalities in the board are Rey David, Steve Wolstenholme, and Tonyboy Cojuangco.   

17 comments:

  1. Papalitan na din ba nila ang name ng casino hotel?

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    Replies
    1. Yun din ang tanong ko

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    2. Member parin naman siya ng board i think hindi papalitan.

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  2. I think if majority shareholder pa din siya mareretain pa din niya yung name ng casino.

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  3. For a billionaire to improperly move $2 million worth of money? What was he thinking? For a meager amount, in terms of BILLIONS kasi nila. Parang weird lang.

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    Replies
    1. Oo nga e. Ang liit na amount naman yun compared sa value na meron siya. The Japanese are very particular with honesty when it comes to work.. well, Not sure pero sa culture nila ganyan sila.

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    2. Sa mga Japanese, particular ang HONESTY at DECENCY na wala rito sa mayayamang narito sa Pilipinas!

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    3. baka naman may umintriga dito kay Mr Okada, parang showbiz lang. Oo nga di ba very important sa mga hapon ang pangalagaan ang pangalan nila.

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    4. baka nagulat na lang si Mr Okada naging biktima sya ng mga mapanirang chismis dito sa Pilipinas. Onli in the Pilipens. Sa ibang businesses nya abroad hindi naman nangyari ito, sa mga chismiserang frog lang sa Pinas kumalat ang ganyang balita

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  4. I smell a Dummy...

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  5. Oh no. Kawawa naman si uncle

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  6. Commendable though ang value for transparency at work ethics ng corporation na to.

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  7. WHY would a well known billionaire Japanese businessman risk his reputation over 2 million dollars? Something's fishy.

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    Replies
    1. Another point is they all went into business together without doing research on their prospective partners and board members? Okada's reputation isn't exactly the most ideal from the start. Only now that the casino's up and running they think of ejecting him as chairman?

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  8. kabago bago lang nitong Okasa Manila dami na agad intriga tsk tsk bad for business

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  9. Sabe na eh, dummy talaga siya from the start. Sa hirap ng bansang 'to magiinvest siya ng malaki? Hmm... I wonder kung cno ang totoong naginvest dyan

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