Monday, August 08, 2022

Universal unaware of Tiger listing plans


Japan’s Universal Entertainment says it has no knowledge of plans by former chairman Kazuo Okada to obtain a backdoor listing for the country’s Philippine unit in Manila.

Earlier this week, newspaper reports said that Okada would acquire the management rights of a listed company in the Philippines. He planned to merge the group’s Okada Manila resort with the company to obtain a backdoor listing. “However, the Company is not aware of any such actions by him,” Universal reportedly said in a regulatory filing.

The news reports had said that Okada planned to acquire Bright Kindle Resources and Investments for the prospective backdoor listing of Tiger Resort, Leisure & Entertainment, which operates the Okada Manila resort.

Tiger’s parent company pointed out that Okada is no longer a director of the company as he was ousted amidst fraud allegations in June and therefore is not in a position to decide.

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

3rd party / Cookies
Show settings
Contact us

ASIA GAMING BRIEF
PO Box 1139, Macau SAR
Tel: +853 2871 7267
Fax: +853 2871 7264

Asia Gaming Brief