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Rival Okada Manila camps trade barbs anew even as casino resort's earnings rise

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Jekki Pascual, ABS-CBN News

<p>MANILA - Rival camps claiming to be the legitimate operators of Okada Manila traded accusations anew over the takeover by Japanese businessman Kazuo Okada&#x27;s group of the hotel casino&#x27;s board.</p><p>The Hong Kong-based Tiger Resort Asia slammed anew the camp of Kazuo Okada after his camp held a media briefing to air their side on the takeover last May 31. </p><p>Kazuo Okada&#x27;s lawyers again said there was no violent takeover as alleged by Tiger Resort Asa Ltd. (TRAL) and its local affiliate Tiger Resort Leisure &amp; Entertainment Inc (TRLEI). </p><p>Kazuo lawyers also showed that Okada Manila is operating normally and business has been good for the hotel casino. </p><p>In a statement, TRAL said it denounced the statements made by the Kazuo camp reiterating that it does not recognize him and the board members of Okada Manila which includes Tonyboy Cojuangco, Dindo Espeleta among others. </p><p>TRAL reiterated that it owns 99.99 percent of the shares of TRLEI which operates Okada Manila. </p><p>The group also called the statements of Kazuo&#x27;s camp as &quot;credit grabbing&quot;. It says the high revenues of the hotel now is due to their efforts even before the takeover. </p><p>TRAL said they had already planned the reopening of many stores and attractions even prior to the May 31 takeover. </p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/06/20/22/kazuo-okada-says-business-as-usual-after-bank-freeze">Kazuo Okada group says ‘no disruption’ as rival group says firm&#x27;s bank accounts frozen</a></li>	<li><a href="https://news.abs-cbn.com/business/06/06/22/charges-filed-vs-kazuo-okada-camp-over-violent-takeover">Criminal charges filed in DOJ vs Kazuo Okada camp over &#x27;violent takeover&#x27;</a></li>	<li><a href="https://news.abs-cbn.com/business/06/14/22/kazuo-okada-group-insists-its-legit-after-rival-warning">Kazuo Okada group insists on legitimacy amid warning from rival Okada board</a></li></ul><div><strong>RELATED VIDEO</strong></div><figure class="op-interactive"><iframe allow="autoplay; fullscreen" frameBorder="0" height="100%" id="ivsplayer01" scrolling="no" src="https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&amp;key=e8c22c015ca9eafa76f1e3edfa03c603&amp;spid=3001339&amp;vid=2060535" width="100%"></iframe></figure><div class="iwantbar">Watch more News on <a href="https://www.iwanttfc.com/#!/browse/Genres/News/tag_id_genres/id_news" target="_blank">iWantTFC</a></div>

Rival camps claiming to be the legitimate operators of Okada Manila traded accusations anew over the ownership and leadership of the hotel casino.

Rival Okada Manila camps trade barbs anew even as casino resort's earnings rise

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Rival Okada Manila camps trade barbs anew even as casino resort's earnings rise

Jekki Pascual,

ABS-CBN News

Published Jul 11, 2022 09:40 PM PHT

Read More:

Okada Manila

Kazuo Okada

Tiger Resort Asia

business

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