Tag Archives: Divertissement universel
Philippines – Universal souligne que le mandat d’arrêt d’Okada n’affectera pas Okada Manille
Japan’s Universal Entertainment, owner of Tiger Resort Leisure & Entertainment and the Philippine casino resort it operates; Okada Manila, has stressed that an arrest warrant issued for its founder and former boos Kazuo Okada won’t threaten its licence for the casino. Former Tiger Resort Leisure & Entertainment Inc (TRLEI) President Takahiro Usui was also named…
Philippines – Universal raises $600m as Okada Manila records best ever month
Japan’s Universal Entertainment has managed to raise US$600m through the placement of privately held notes, with the money being used to complete Okada Manila, its Philippine casino resort, and to pay off debt. The notes were issued on December 11 2018 and will mature on the same date in 2021. The news came as the…
Philippines – Okada Manille pourrait « s’imposer comme une station balnéaire intégrée de premier plan »
Fitch Ratings estime qu'Okada Manila, le complexe philippin intégré appartenant à la société japonaise Universal Entertainment, pourrait devenir l'un des principaux casinos d'Asie en lui octroyant une note de défaut d'émetteur (IDR) à long terme en devises étrangères de « B+ » avec un Perspectives stables. Les opérations grand public ont débuté début 2017 et devraient bénéficier de la taille dominante du casino, avec…
Philippines – Universal to float Okada Manila’s owner in 2019
Universal Entertainment Group will float Tiger Resort, Leisure and Entertainment Inc. (TRLEI), the company behind its Okada Manila in the Philippines, next year, as it looks to speed up growth and raise its brand. The decision was confirmed briefly in Universal’s latest set of results which saw first half profits increase to JPY 172.5bn(US$1.6bn) up…
Hong Kong – Former Universal boss Kazuo Okada arrested in Hong Kong
Japanese gaming company Universal Entertainment has said that its former Chairman Kazuo Okada and his associate Li Jian, have been arrested in Hong Kong by the Independent Commission Against Corruption in relation to the claims that he defrauded Okada Holdings of $19.7m. He is already under investigation from the Philippines Department of Justice for $10m…
Japan – Wynn pays $2bn to settle with Universal
Wynn Resorts has paid a US$2bn settlement fee to Universal Entertainment and Aruze USA to end all litigation between the two companies. The settlement is related to the Wynn’s board of directors forcing then board member and boss of Universal Kazuo Okada, pictured, to relinquish US$2.8bn of shares in the company in 2012. Then Wynn…
China – Universal sets up distribution channel with Guangcai Group
Universal Entertainment has signed a Basic Agreement with Guangcai Group, one of China’s leading nationally-owned finance conglomerates. The fifty-fifty joint corporation in Hong Kong will oversee the sales and maintenance business for casino-related devices and systems developed and manufactured by Universal. The joint corporation will have the exclusive right of sales under said sales and…
Japon – Universal poursuit Aruze Gaming pour frais de licence impayés
Universal Entertainment is suing Aruze Gaming America for US$890,684 for its failure to pay licensing fees for its technology. The two companies are linked by Universal’s founder and former Chairman Kazuo Okada, who owns Aruze Gaming America privately. In a Jasdaq filing, Universal said: “Aruze Gaming America has continued to violate an agreement that it…
Japon – La commission d’enquête spéciale déclare le président d’Universal coupable de fraude
Universal Entertainment’s former Chairman Kazuo Okada has been found guilty of three acts of fraud by a Special Investigation Committee. The three-month investigation concluded that Okada ‘led and conducted the fraudulent acts.’ It said: “As a result of the investigation of the Special Investigation Committee, it has become clear that Mr. Okada led and conducted…
