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jan
9

Japanese Billionaire Casino CEO Faces Arrest on Fraud Charges

Tags: Billionaire, Japan, Kazuo Okada, Okada Manila, Philippines, Takahiro Usui
Posted on 09 January 2019 by "T".

A Philippine court has ordered the arrest of Kazuo Okada, a Japanese billionaire casino mogul, who has been charged three counts of fraud while he was CEO of Tiger Resorts.

Okada, age 76, a man who first made his huge fortune in the 1990s as a supplier of pachinko machines to Japan and eventually made a big early investment into Wynn Resorts, has been accused to have siphoned $3.16 million from Tiger Resorts during his term as chief executive.

Read more » Japanese Billionaire Casino CEO Faces Arrest on Fraud Charges


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