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Universal Entertainment Moves to Oust Former CEO Jun Fujimoto, Elect Tomohiro Okada as Director

August 21, 2024

Latest Casino and Gambling News, World Casino News, Gaming Industry News, Casino moguls, Employment & Careers, Japan, Asian Casino News, Labor Relations

Universal Entertainment, the parent company of?Okada Manila, has announced significant leadership changes, signaling a new chapter in its corporate governance. The company has called for an?Extraordinary Genera...

Philippines Casino Revenue Drops in Q2 2024 Amidst E-Games Boom

Vanja Mitic

August 11, 2024

Online gaming software, Latest Casino and Gambling News, Casinos of the Philippines, Gaming Industry News, Economy/Finance, Mobile gaming, Online Gambling News, Financial Press Releases, Philippines

Combined gross gaming revenues?(GGR) for licensed casinos in the Philippines saw a 4.3% year-over-year decrease to Php49.48 billion (US$864 million). This slight decline was followed closely by first quarter GG...

Okada Manila Reports 24% Revenue Decline In Q1 2024

Radosav Milutinovic

April 16, 2024

Casino Destinations, Casino News, Latest Casino and Gambling News, World Casino News, Casinos of the Philippines, Gaming Industry News, Economy/Finance, Mobile gaming, Asian Casino News, Online Gambling News, Financial Press Releases, Philippines

Tiger Resort Leisure and Entertainment Inc, the Okada Manila casino resort operator, reportedly revealed the resort's financial result for the first quarter of 2024. According to the operator's filings made on ...

Supreme Court Removes Kazuo Okada from Okada Manila and Universal Entertainment Corp

Vanja Mitic

November 27, 2023

Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Casinos of the Philippines, Employment & Careers, Philippines

Okada Manila isn’t under the status quo anymore, according to the newest information the Supreme Court released. The renowned integrated resort from Manila, Philippines, has been in the hands of its ousted form...

Universal Entertainment Reaches US$87 Million Profit in 2022 Driven by Phillipine Vertical Recovery

Radosav Milutinovic

February 15, 2023

Latest Casino and Gambling News, Casino Destinations, Casino News, World Casino News, Gaming Industry News, Economy/Finance, Japan, Asian Casino News, Financial Press Releases, Philippines

Universal Entertainment Corp (UE), a leading Japanese casino corporation, achieved an US$86.5 million profit for the last year ending on 31 December 2022 after a loss amounting to US$144 million sustained in 20...

Okada Manila to resume partial operations at 30% capacity

Sadonna Price

September 9, 2020

Latest Casino and Gambling News, Asian Casino News

Since March 15, casinos located in Metro Manila have been closed due to quarantine directives regarding the COVID-19 outbreak. Casinos affected by the closure include Okada Manila, Resorts World Manila, City of...

UEC to use US subsidiary to apply for manufacturing license for Philippine casino

Sadonna Price

June 6, 2018

Latest Casino and Gambling News, U.S.A., Licenses

Universal Entertainment Corp., owner of the Tiger Resort Limited of Hong Kong, has plans to use their United States subsidiary, UE Technologies Inc., to be able to obtain a manufacturing license for equipment a...

Aruze Gaming America announces leadership shuffle

Kim M

October 5, 2017

Las Vegas, Latest Casino and Gambling News, Game manufacturers, Mergers, Acquisitions & Partnerships

Las Vegas-based Aruze Gaming America Inc has reportedly made a series of changes to its leadership and organizational structure, which according to the company became effective Tuesday. Resigning from the po...

Okada Manila parent raising funds on sale of treasury shares

Kim M

March 13, 2017

Latest Casino and Gambling News, Casino project updates, Economy/Finance, Financial Press Releases, Philippines

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Okada Manila casino resort will be the recipient of money raised from two exercises for disposal of treasury shares, according to an announcement by Universal Entertainment Corp (6425:Tokyo) on Thursday. In ...

Sales rising daily at Okada Manila: Universal Entertainment Corp

Kim M

January 26, 2017

Latest Casino and Gambling News, Economy/Finance, Philippines

In a recent filing with JASDAQ Securities Exchange, Universal Entertainment Corp (6425:Tokyo) said sales at the Okada Manila casino resort “are currently expanding on a daily basis,” according to the GGRAsia re...

Okada’s Universal Entertainment defamation suit against Reuters dismissed

Kim M

November 28, 2015

Casino News, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Japan, Asian Casino News, Fines, Lawsuits & Litigation, Philippines

Gaming device maker Universal Entertainment Corp’s defamation lawsuit against the Thompson Reuters Corp and three Reuters journalists has been dismissed by a Japanese court. In December 2012 Universal, the J...

Ex-Director of Wynn Resorts Ltd. to return to Las Vegas for questioning

Sadonna Price

October 19, 2015

Latest Casino and Gambling News, Las Vegas, Hong Kong, Mergers, Acquisitions & Partnerships, Fines, Lawsuits & Litigation, Philippines, Nevada

Kazuo Okada formerly held the director position at the top gambling company, Wynn Resorts Ltd., before he was fired from his position, reportedly by Steve Wynn himself. Okada was removed from the board of the c...

Kazuo Okada’s $2.2 billion financing plan moves Manila Bay Resorts towards completion

D. Graham

August 1, 2015

Latest Casino and Gambling News, Casino project updates, Hong Kong, Licenses, Asian Casino News, Mergers, Acquisitions & Partnerships, Philippines

Self-made Japanese billionaire Kazuo Okada has increased his investment assurance to $2 billion U.S. towards completing phase one of the integrated Manila Bay Resorts casino and entertainment complex. The Phili...

Okada’s Universal Entertainment sued for US$3.42 billion by shareholder

Lars Jones

June 27, 2015

Latest Casino and Gambling News, World Casino News, Japan, Bribery, Fines, Lawsuits & Litigation, Philippines

According to a filing with the Japanese stock exchange as reported on Asian news outlet GGRAsia, Universal Entertainment Corp shareholder, Tsuyoshi Hosoba, is suing for damages related to Wynn Resorts Ltd.'s ca...

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Universal Entertainment Moves to Oust Former CEO Jun Fujimoto, Elect Tomohiro Okada as Director

Philippines Casino Revenue Drops in Q2 2024 Amidst E-Games Boom

Okada Manila Reports 24% Revenue Decline In Q1 2024

Supreme Court Removes Kazuo Okada from Okada Manila and Universal Entertainment Corp

Universal Entertainment Reaches US$87 Million Profit in 2022 Driven by Phillipine Vertical Recovery

Okada Manila to resume partial operations at 30% capacity

UEC to use US subsidiary to apply for manufacturing license for Philippine casino

Aruze Gaming America announces leadership shuffle

Okada Manila parent raising funds on sale of treasury shares

Sales rising daily at Okada Manila: Universal Entertainment Corp

Okada’s Universal Entertainment defamation suit against Reuters dismissed

Ex-Director of Wynn Resorts Ltd. to return to Las Vegas for questioning

Kazuo Okada’s $2.2 billion financing plan moves Manila Bay Resorts towards completion

Okada’s Universal Entertainment sued for US$3.42 billion by shareholder

Tabcorp Ordered to Overhaul Operations After Major Compliance Failures

Thaksin Shinawatra Backs Casino Resorts as Key to Thailand’s Economic Revival

Evoke Acquires New Gambling Solutions to Boost Romanian Market Presence

NFL Players Association Files Lawsuit Against DraftKings Over NFT Platform Closure

Sweepstakes Casinos Are Dominating Right Now, But Are They Here To Stay?

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