Okada Sues Wife and Children to Regain Control of Family Gambling Empire

Okada Sues Wife and Children to Regain Control of Family Gambling Empire

The Okada family is gambling royalty in Japan, and they may actually have descended in to a dynastic energy struggle over control of their vast business empire.

Gaming gear billionaire Kazuo Okada (left) ended up being ousted from the board of their company and replaced by his wife, Takako (right), who in cooperation with his children from another wedding, were able to simply take control for the challenged gambling dynasty.

Reuters reported Monday that patriarch Kazuo Okada, 74, is suing his son, daughter, and spouse to wrestle right back control of Okada Holdings, the organization parent of Universal Entertainment, a pachinko, slots, and casino equipment company that is manufacturing founded in 1969.

Okada owns simply 46.4 percent of Okada Holdings, having ceded shares to his kiddies, who now own a combined 53 percent managing stake in the organization.

Universal Entertainment is the cornerstone of Okada’s $2 billion fortune. Okada Holdings maintains a 67.9 percent stake in Universal, which booted Okada being a board user in June.

Universal also owns Okada Manila, a $2.3 billion casino resort that started in the Philippines in and has been central to allegations of impropriety against Okada december.

Boardroom Coup

In a apparent boardroom coup on might 12, the gambling mogul who created the ‘near skip’ for slots was ‘completely blindsided,’ he said, when the board ousted him

Then, on May 23, according ادامه خواندن “Okada Sues Wife and Children to Regain Control of Family Gambling Empire”