Pagcor orders Kazuo’s camp to vacate Okada Manila

Around 50 civilians tried to force their way into Okada Manila in a bid to regain physical possession of the casino hotel following the cease and desist order issued by the Philippine Amusement and Gaming Corp. (Pagcor).

Pagcor directed the the current board of Tiger Leisure and Entertainment Inc., which operates Okada Manila, to relinquish its functions and vacate the premises of the casino and its offices.

Al Tengco moves against ex-boss Tonyboy: Pagcor issues CDO kicking out Kazuo Okada boardroom anarchy

The current management was asked to present a valid authority justifying its resumption of control of the casino hotel.

Japanese billionaire Kazuo Okada retook control of Okada Manila on May 31, citing the status quo ante order issued in April by the Supreme Court which allowed the restoration of TRLEI’s 2017 board composition.

Kazuo was forced out of TRLEI in 2017 after the board, which included his son, accused the family’s patriarch of stealing money from the company.

Okada Manila is one of four commercial gaming resorts in Pagcor’s Entertainment City, a Las Vegas-like gaming and entertainment hub.

Germany raids properties belonging to Russian oligarch

German investigators on Wednesday raided properties belonging to a Russian oligarch suspected of tax evasion and breaking EU sanctions, police and prosecutors said, with sources naming billionaire Alisher Usmanov as the target.

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