Okada Manila’s managing entity, Tiger Resort, Leisure and Entertainment, Inc., has initiated Chapter 11 proceedings in the U.S. This action follows a series of financial challenges, including an adverse legal judgment that resulted in the confiscation of corporate holdings.
Notwithstanding this development, the corporation guarantees the public that its daily business activities will proceed without interruption. They intend to leverage this situation to reorganize their financial structure and safeguard the interests of their lenders, patrons, and personnel.
Tiger Resort’s Chief Executive Officer, Yugo Kinoshita, conveyed that this was an essential strategic maneuver compelled by external circumstances. He articulated optimism that this measure will ultimately bolster the company and maintain its standing within the gaming sector.
This announcement arrives merely a month after the corporation commemorated a significant achievement: the inauguration of its inaugural European branch.
Aruze Gaming America is broadening its international presence with a fresh Amsterdam office. This key position will act as a central point to deliver superior sales and assistance to clients throughout Europe, the Middle East, and North Africa. This action follows Aruze’s prosperous collaboration with BetMGM, which commenced in January 2022. In celebration, Aruze has unveiled four thrilling new slot games solely on BetMGM’s platform in New Jersey.