Philippine prosecutors in Paranaque and Makati cities have dropped all charges filed against Japanese gaming billionaire Kazuo Okada.
Okada is the former chairman of Universal Entertainment, whose Tiger Resorts & Entertainment unit runs the Okada Manila IR in Entertainment City.
Tiger Resorts filed the complaint, accusing Okada of fraud in his decision to award a $7 million contract to supply LED lighting to the resort to his own company Aruze Philippines Manufacturing, among other charges.
Tiger criticized the decision to drop the case, which was leaked on social media and called for the recusal of the prosecutor involved.
“Resolutions purportedly disposing the captioned cases in favor of respondent Okada have apparently been leaked… as shown by the unlawful publication thereof in the Facebook and Instagram accounts of his (Okada’s) close companion, Chloe Kim although said resolutions have not been officially released,“ TRLEI alleged in its complaint to the court.
This Dossier results from the “Life After POGOs” editorial project by Asia Gaming Brief which culminated with a pop-up digital forum on 9th December to discuss potentials ramifications in the industry.
Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing
what 2020 may have had in store.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.