\nKazuo Okada, who is temporarily recognized as stockholder, chief executive officer, and chairman, was invited to the meeting. His invitation is in respect to the Supreme Court’s Status Quo Ante Order and the Philippine Gaming and Amusements Corp.’s order last week,” <\/strong>a TRLEI statement explained.<\/p>\n<\/blockquote>\n“Only Kazuo Okada and his interpreter are allowed to enter Okada Manila,” the company release continued. “Tonyboy Cojuangco, Dindo Espeleta, and other members of the ousted illegally-constituted board are barred from entering the property. Okada, however, did not join the board meeting in person or via video conference,” the investor release concluded.<\/p>\n
Resumption of Normal Business<\/b><\/h2>\n
TRLEI says its Wednesday board meeting was to restore order to Okada Manila.<\/p>\n
“The meeting was peacefully conducted,” said Hans Van der Sande, TRLEI’s CFO and board director. “It was a successful exercise of our administrative and operational management to bring the business back into the normal course of operations.”<\/p>\n
Kazuo’s future with the organization is unclear. This week, a Philippines court of appeals denied his urgent motion to suspend PACGOR’s order that Okada Manila be returned to TRLEI.<\/strong><\/p>\n“The Court of Appeals’ resolution dated Sept. 7, 2022, effectively allows the reinstated legitimate board to continue exercising operational and management control of Okada Manila,” the Universal statement concluded.<\/p>\n","protected":false},"excerpt":{"rendered":"
Japanese billionaire Kazuo Okada was a no-show this week at the Tiger Resort, Leisure & Entertainment, Inc. (TRLEI) board meeting. TRLEI, a subsidiary of Universal Entertainment Corporation, is the immediate parent company of Okada Manila. Two entities, TRLEI and a group led by Kazuo claim to be the rightful management firm of the $2.4 billion […]<\/p>\n","protected":false},"author":25,"featured_media":231081,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069,21],"tags":[82208,82451,13520],"acf":[],"yoast_head":"\n
Kazuo Okada Skips Okada Manila Board Meeting, Future Role Unknown<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n