• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Okada Manila delays opening to December: firm

Oct 10, 2016 Newsdesk Japan, Latest News, Philippines, Top of the deck  


Okada Manila delays opening to December: firm

The first phase of the US$2.4-billion Okada Manila in the Philippines is on track to open in December, said the casino resort’s developer, Tiger Resort, Leisure and Entertainment Inc. Previously the company had said it was aiming to launch that phase in November.

“The initial opening of the property, including the hotel, food and beverage outlets, casino and other major attractions, will take place in December,” the company said on Friday in a press release. It did not provide a specific date.

Reuters news agency on Friday quoted Andrea Domingo, head of the country’s casino regulator Philippine Amusement and Gaming Corp (Pagcor), as saying that the opening of Okada Manila was set for December 21.

Tiger Resort is controlled by Japan’s Universal Entertainment Corp, the latter founded by Japanese pachinko entrepreneur Kazuo Okada.

In Friday’s release, Tiger Resort added: “The company is also on the process of carefully considering the optimal timing for opening other facilities and amenities. Relevant disclosure will be provided in a timely manner.”

Universal Entertainment had suggested in a filing on October 3 that the opening of the first phase of Okada Manila could be delayed. The developer had planned to open it November. The price tag for the whole Okada Manila scheme is described on the venue’s official website as US$2.4 billion, understood to be the most expensive project in Manila’s Entertainment City, a zone earmarked for private-sector casinos.

The parent company had said in its October 3 filing it was also taking the time to assess Philippine government policies and the country’s economic outlook. Although Okada Manila hopes to attract visitors from overseas, the Philippines president, Rodrigo Duterte, has recently indicated his administration is opposed to the proliferation of gaming products delivered via the Internet and aimed at domestic players.

Under an earlier plan for Okada Manila – originally under the working title Manila Bay Resorts – the casino property should have been completed by March 31, 2015. But Pagcor approved in June 2015 a new timetable that pushed back the completion of the venue to December 31, 2016.

Universal Entertainment last week announced that it had concluded a private placement of notes valued at US$400 million in order to “complete the construction of Okada Manila”.


  • tweet
Related articles
  • Universal hopes Okada Manila biz listed before Sept 30
    Universal hopes Okada Manila biz listed...

    Jun 30, 2022  

  • Pagcor rev topped US$5.4bln in 6 years, says Domingo
    Pagcor rev topped US$5.4bln in 6 years,...

    Jun 30, 2022  

More news
  • IGT completes US$165mln acquisition of iSoftBet
    IGT completes US$165mln acquisition...

    Jul 05, 2022  

  • Macau publishes amendment to public tender regulation
    Macau publishes amendment to public...

    Jul 05, 2022  


Latest News

IGT completes US$165mln acquisition of iSoftBet

IGT completes US$165mln acquisition of iSoftBet

Jul 05, 2022  

Casino equipment maker and digital gaming content provider International Game Technology Plc (IGT) says it has completed a process to acquire iSoftBet for approximately EUR160 million (US$164.6...
Read More
Macau publishes amendment to public tender regulation

Macau publishes amendment to public tender regulation

Jul 05, 2022  

Macau’s Grand Lisboa cordoned amid 13-case Covid cluster

Macau’s Grand Lisboa cordoned amid 13-case Covid...

Jul 05, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”I thought they were wise to recommend five locations across the kingdom [for casino resorts] rather than one or two locations in Bangkok”

Andrew Klebanow

Principal at industry consultancy C3 Gaming Group



Most Popular

  • Four Seasons Macao shops paused on Covid casesFour Seasons Macao shops paused on Covid cases July 4, 2022
  • GKL sees June casino sales up 34pct sequentiallyGKL sees June casino sales up 34pct sequentially July 4, 2022
  • Macau ops all likely had negative 2Q EBITDA: JP MorganMacau ops all likely had negative 2Q EBITDA: JP Morgan July 4, 2022
  • Macau due 3 new rounds of Covid tests, more than 850 casesMacau due 3 new rounds of Covid tests, more than 850… July 4, 2022
  • Public backing vital for a Thailand casino biz: expertsPublic backing vital for a Thailand casino biz: experts July 4, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us