Universal Entertainment punts on realignment to block Okada from casino biz

An organizational shakeup is underway at Universal Entertainment, as part of the Japanese-listed gaming conglomerate’s bid to keep ousted chairman Kazuo Okada away from its casino-related businesses.

In a regulatory filing, Universal announced that it has implemented an intra-group organizational realignment for it casino-related businesses, paving the way for the creation of a new company called Limited Liability Company ABC (LLCA).

LLCA is set to become the parent company of its three primary casino-related businesses, namely Tiger Resort Asia Limited, Aruze USA Inc., and a new entity called UE Technologies Inc., according to Universal.

Currently, Universal’s subsidiary WonderGraph Corp. holds 100 percent of LLCA. The company lists WonderGraph CORP as the operator of its casino resort business.