Ousted board of Philippine casino sues Japanese tycoon Okada after resort seized

In a dramatic turn of events in a long-running dispute over control of Tiger Resort, Leisure & Entertainment which is owned by Japan’s Universal Entertainment Corp, Okada’s camp took physical control of the $3.3 billion casino known as Okada Manila on May 31 with the help of private security guards and local police.The move came after the Philippines’ Supreme Court in April issued a “status quo ante order,” reinstating Okada, who had been ousted in 2017, as CEO of the casino. That followed a decision by the country’s Court of Appeals in January to dismiss an embezzlement charge against Okada and an associate.The deposed board of Tiger Resorts appealed

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