#UEC

Japanese slot-machine maker Universal Entertainment Corp. on Friday denied allegations made in a Delaware court that one of its executives attempted to improperly influence a Filipino legislator amid a failed $2.6 billion merger of the Okada Manila casino resort with a blank-check company. "UEC denies the allegations of bribery, corruption, or…

Billionaire Japanese gaming tycoon Kazuo Okada was arrested as soon as he set foot in the Philippines, upping the stakes in a battle over ownership of the Okada Manila resort hotel... The 80-year-old was well forewarned of the consequences of returning to the southeast Asian country, where he faces charges of "grave coercion" in relation to…

Okada Manila heads up high to resolve ownership Universal Entertainment Corp (UEC) has announced that its motion to reconsider the Status Que Ante Order (SQAO) of the Okada Manila resort is now going to the High Court. Ousted former chairman and founder of UEC, Kazuo Okada, took control of the casino resort in May, after the SQAO was issued - and…