Japanese casino mogul Kazuo Okada has been shown the exit door of the Manila casino that bears his name as investigation into the supposed JPY2 billion (US$18.15 million) illegal fund outflows in Universal Entertainment Corp. drags on.

Okada, who had made a big bet in opening an integrated resort in Philippine Amusement and Gaming Corporation’s Entertainment City, may no longer see his integrated casino turn into profit after its Philippine subsidiary, Tiger Resort, Leisure and Entertainment, Inc. voted to kick him out of the chairman’s seat.

Justice Manuel Lazaro replaced Okada as the chairman of Tiger Resort, while Kenji Sugiyama was elected as the casino operator’s president. Mr. Antonio Cojuangco, Mr. Rey David and Mr. Steve Wolstenholme remain as Directors.

“As a consequence of the recent actions at Universal Entertainment Corporation (U.E.C), a special stockholders meeting of Tiger Resort, Leisure and Entertainment, Inc. (TRLEI) was convened followed by an organizational meeting of the board,” Okada Manila said in a statement.