Kazuo Okada

Japanese gambling tycoon may be charged over Manila land deals

Universal Entertainment CEO Kazuo Okada amassed a fortune selling machines for Japanese pachinko parlours. Photo: Reuters

Investigators recommended yesterday that charges be filed against Japanese gambling tycoon Kazuo Okada for allegedly creating dummy firms to buy land for a Manila casino project. They said similar charges should be filed against 25 other people who helped the Japanese billionaire set up at least three firms to establish the billion-dollar casino at Manila's bayfront Entertainment City.

Tuesday, 16 July, 2013, 1:40am

Philippines opens bid to join global gambling elite

Solaire Resort and Casino Manila chief operating officer Michael French gestures as he inspects the casino floor prior to its March 16, 2013 opening. Photo: AFP

The Philippines makes its biggest bet this weekend in a high-stakes bid to join the world’s elite gaming destinations, with the launch of a US$1.2-billion casino on Manila Bay.

13 Mar 2013 - 8:51pm

Kazuo Okada quits Wynn Resorts board

The conflict between Kazuo Wada and Steve Wynn has taken a further turn with Wada leaving the Wynn Resorts board.Photos: Reuters, AFP

Okada, the chairman of pachinko machine maker Universal Entertainment and co-founder of Wynn Resorts, said in a statement on his resignation that he remained "determined" to fight Steve Wynn's involuntary redemption of his nearly 20 per cent stake in Wynn Resorts at a 30 per cent discount.

23 Feb 2013 - 3:21am

Billionaires John Gokongwei and Kazuo Okada to build Manila casino

John Gokongwei (left) and Kazuo Okada. Photos: Bloomberg

Philippine billionaire John Gokongwei will become a partner of Japanese pachinko magnate Kazuo Okada to build a billion-dollar casino in Manila amid efforts by the Southeast Asian nation to bring in more tourists.

14 Dec 2012 - 4:21am

Okada loses bid to vote at Wynn shares meeting

Kazuo Okada.

A Nevada judge has ruled that Japanese pachinko billionaire Kazuo Okada cannot vote at Wynn Resorts' annual meeting next month, dampening his efforts to reverse a forced redemption of his stake in the Las Vegas casino operator.

4 Oct 2012 - 3:10am

Talking points

Cheung Muk-luen

Tribunal to hear claim for 'rubbish' refund

18 Sep 2012 - 3:41am

Wynn gets to grill Okada in fight for control of casino empire

Kazuo Okada (left) and Steve Wynn

Gaming mogul Steve Wynn may gain an edge in his courtroom battle for control of a US$10 billion casino empire as business-partner-turned-rival Kazuo Okada is forced to answer questions from Wynn Resorts' lawyers.

14 Sep 2012 - 4:10am

Jackpot for Wynn Macau shares

Shares of Hong Kong-listed Wynn Macau rose yesterday on news that parent company Wynn Resorts has forcibly bought out the 20 per cent stake owned by Japanese gaming tycoon Kazuo Okada.

The stock rose 3 per cent to HK$20.90, while the Hang Seng Index dropped 0.3 per cent.

21 Feb 2012 - 12:00am

Wynn vows to fight suit filed by major shareholder

Casino operator Wynn Resorts fired back at its largest shareholder, calling a lawsuit filed against the company by Japanese pachinko billionaire Kazuo Okada 'preposterous'.

Okada, a director of the company and its biggest shareholder with a 20 per cent stake, is a long-time business partner of Las Vegas gaming magnate Steve Wynn.

14 Jan 2012 - 12:00am

Who said it?

I don't know who took revenge on the Iranian scientist, but I am not shedding a tear

An Israeli military spokesman referring to the assassination of Mostafa Ahmadi Roshan (above)

It almost seems as if it is a very worn-out building, but it's not, it's new

Lawmaker Audrey Eu Yuet-mee, on the bad workmanship at the new government headquarters

13 Jan 2012 - 12:00am

Wynn sued over HK$1b Macau donation

Kazuo Okada, the billionaire who is the biggest shareholder in the casino developer Wynn Resorts, is suing the company for access to its financial records over an 'unprecedented' HK$1 billion donation to the University of Macau Development Foundation and other transactions.

13 Jan 2012 - 12:00am