Universal Fun Announces Casino Businesses ‘Organizational Realignment’ to hold Kazuo Okada Away
Japanese playing games machine designer and online casino operator Common Entertainment Business announced Mon that it would definitely undertake a good ‘organizational realignment’ within the corporation to prevent a founder together with former Chairman Kazuo Okada and other ‘unsuitable individuals’ out of assuming a company execution task.
The transfer comes one year after Mr.. Okada seemed to be ousted on the company’s aboard over accusations of deceitful money coach transfers carried out by the actual businessman along with a former Worldwide Entertainment Home. It was identified that on a single occasion the gaming company’s founder have extended how much HK$135 million dollars as a financial loan to a third-party business, of which had developed into related to Mr.. Okada him self. The move had been completed without any certain approval in the company’s aboard and had availed Mr. Okada.
Aside from a gaming making business, Wide-spread Entertainment furthermore owns Wagering action Resort Japan Ltd., which are known to be a company linked to Philippines-based Tiger Resort, Free time and Fun , the main operator within the Okada Manila hotel plus casino vacation resort in the budget Manila.
Widespread Entertainment mentioned in a Tuesday filing towards JASDAQ Bourse that it needs to prevent ‘unsuitable individuals’ via participating including in its casino-related businesses .