Universal Fun Announces Betting house Businesses 'Organizational Realignment' to prevent Kazuo Okada Away
Japanese gaming machine vendor and online casino operator Widespread Entertainment Business announced Sunday that it would definitely undertake a strong 'organizational realignment' within the partnership to prevent her founder and former Chairman Kazuo Okada and other 'unsuitable individuals' coming from assuming a small business execution factor.
The step comes each year after Mr. Okada ended up being ousted through the company's board over allegations of deceitful money transactions carried out by the businessman together with a former General Entertainment Directivo. It was discovered that in the occasion often the gaming business founder received extended the number of HK$135 trillion as a mortgage loan to a third-party business, that had grown into related to Mr. Okada themself. The move had been concluded without any unique approval with the company's board and had acquired Mr. Okada.
Aside from your gaming manufacturing business, Very easy Entertainment at the same time owns Gambling Resort Okazaki, japan Ltd., considered a company relevant to Philippines-based Wagering action Resort, Discretion and Fun , the main operator with the Okada Manila hotel together with casino vacation resort in the capital Manila.
Universal Entertainment reported in a Saturday filing for the JASDAQ Stock market that it hopes to prevent 'unsuitable individuals' via participating specifically in its casino-related businesses .