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Okada Manila's Hong Kong parent rejects tycoon's casino takeover

Fight for control over Philippine integrated resort continues with new lawsuits

The battle for control over Okada Manila, a $2.4 billion integrated resort and casino, has heated up in recent days. (Photo by Akira Kodaka)

MANILA -- The battle for the Okada Manila casino rages on as its Hong Kong-based owner says it will fight to regain control of the $2.4 billion integrated resort from Japanese tycoon Kazuo Okada following a dramatic physical takeover of the premises last week.

The saga began five years ago when Okada was removed from the board of Tiger Resort Leisure & Entertainment Inc. (TRLEI), the casino's operator, for alleged fraud.

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