Part V: Regional & Cultural · Asia-Pacific Regional Terms

Okada Manila

Philippines — PropertyREPORTED

Okada Manila is an integrated resort in Entertainment City owned by Universal Entertainment Corporation (founded by Japanese pachinko tycoon Kazuo Okada). The property features a casino, hotel, the world’s largest multi-color dancing fountain, and luxury retail. Okada Manila has been the subject of high-profile corporate governance disputes. On 31 May 2022 a group linked to Kazuo Okada took control of the property; the operator’s board retook it in September 2022, and prosecutors charged Okada and associates with grave coercion. A planned US stock-market listing through a merger with 26 Capital, agreed in 2021, was terminated in 2023.

In practice

The Okada Manila ownership saga is one of the most dramatic corporate battles in Asian gaming history, involving physical confrontations at the property and multiple court cases across jurisdictions.

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