![]() The legal dispute centered on claims that the previous owner had committed activities and committed fraud that had negatively impacted the business. Tiger Resort was ordered by the Status Quo Ante Order (SQAO) to restore the full 2017 board of directors structure in April of last year. Status Quo Ante Order and Ongoing Dispute This ruling essentially gives the original owners of Okada Manila their ownership back, which is a huge win for Universal Entertainment. The parent company of Okada Manila, Universal Entertainment Corp., celebrated a victory in court after Kazuo Okada’s suit against Tiger Resort, Leisure and Entertainment Inc., the famed integrated resort’s current operator, was refused by the Supreme Court. On Monday, though, there have been some recent events that suggest this status quo is changing. The status of the resort, which was formerly run by founder Kazuo Okada, who was overthrown, drastically changed last year when the Court approved a forceful takeover. ![]() The Supreme Court has rendered a definitive decision in the ongoing Okada Manila ownership issue, which is an unexpected development. ![]()
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