Universal Entertainment Corp, the parent company of the Okada Manila casino resort in the Philippines, has announced a new management structure following its annual shareholder meeting on March 27th.
The updated framework includes a board and 12 executive officers, aimed at reducing excessive concentration of authority and enabling faster decision-making within the organization.
Following the meeting, the company stated, ‘The board of directors will make decisions on broad business strategies.’ Additionally, directors will provide oversight of executive officers, strengthening Universal Entertainment Corp’s governance while focusing on sustainable growth and long-term corporate value.
During the meeting, shareholders appointed four directors and one board member for audit and supervisory matters. Three directors—Tomohiro Okada (who also serves as Universal Entertainment’s president), Masayoshi Miyanaga, and Hiroshi Miyauchi—were reappointed. The newly appointed director, Yoshiyuki Shouji, whose selection was first announced in February, will oversee overseas business operations as well as legal and intellectual property matters.
Philippines-based Tiger Resort, Leisure and Entertainment Inc. (TRLEI), a Universal Entertainment subsidiary, manages operations at Okada Manila. Shareholders also approved Kuninobu Okuda as a full-time audit and supervisory board member.
The parent entity overseeing Universal Entertainment is Hong Kong-based Okada Holdings Ltd, a private corporation. Notably, Tomohiro Okada serves in leadership capacities across both organizations, holding directorship positions at Universal Entertainment while simultaneously functioning as a director at Okada Holdings. He is the son of Kazuo Okada, who originally founded the Japanese gaming empire but was later removed from his position.
In a separate notice, Okada Holdings confirmed that it retains a controlling interest, holding 70.30 percent of Universal Entertainment’s voting rights.
