Okada wins two cases against Tiger Resort
Japanese gaming tycoon Kazuo Okada recently scored twin legal victories against his former gaming firm, Tiger Resort Leisure and Entertainment Inc., the company behind Okada Manila, one of three integrated casino resorts in Entertainment City, Parañaque.
In separate resolutions, the City Prosecutor’s office of Paranaque dismissed “for lack of probable cause” two estafa complaints against Okada. The first complaint alleged that Okada released $3.15 million in company funds to himself and several associates as salaries and consultancy fees, while the second case involved the payment of $7.09 million to Aruze Philippines Manufacturing Inc., an Okada company that allegedly supplied defective LED strip lights to the casino.
In dismissing both complaints, government lawyers said the legal controversy took the nature of intra-corporate disputes between the company and its officers which are civil in nature.