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Billionaire founder fights back for control of Japan's Universal

Reuters  |  TOKYO/NEW YORK 

By Emi Emoto and Nathan LayneTOKYO/NEW YORK (Reuters) - Nearly three months after his ouster from the board at Universal Entertainment Corp, billionaire Kazuo Okada is fighting back to try to regain control of the $2.2 billion Japanese gaming group.At a news conference in Tokyo on Thursday, Okada is expected to say he has reinstalled himself as director of Okada Holdings Ltd, the Hong Kong parent of Universal, according to a person close to the 74-year old tycoon. That development, which the person said was made possible by a recent change of heart by Okada's daughter to support her ...

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First Published: Thu, September 14 2017. 09:59 IST