Gaming entrepreneur Kazuo Okada (pictured) is planning to list “his casino business” on the Philippine Stock Exchange in one year’s time, reported Philippine broadcaster ABS-CBN News Channel.
The report didn’t clarify if that was a reference to his Okada Manila casino venture – which had a preview opening on Wednesday – or some other part of his gaming business empire. Mr Okada’s other interests include a casino equipment maker that sells gaming machines under the Aruze brand.
The Philippine news outlet also reported – following an interview with Mr Okada – that he is seeking to hire approximately 20,000 Filipino workers over the next two years for his Okada Manila gaming resort.
The property – described as a US$2.4-billion venture – is expected to create up to 10,000 jobs for its first phase, reported the news outlet.
Okada Manila has a two-wing hotel with 993 rooms. It also includes restaurants, shops and a casino with up to 500 gaming tables and 3,000 electronic gaming machines, according to the project’s promoter.
Under an earlier plan for Okada Manila – a project originally under the working title Manila Bay Resorts – the casino property should have been completed by March 31, 2015. But the Philippine casino regulator approved in June 2015 a new timetable that pushed back the completion of the venue to December 31, 2016.
Dec 19, 2018Hajime Satomi, chairman and chief executive of Japanese entertainment conglomerate Sega Sammy Holdings Inc, has played down interest in pursuing a licence for a casino resort in Osaka, showing a...
Dec 19, 2018
Dec 18, 2018
”Assuming we pursue development in the Tokyo metropolitan area, it is possible that it will be a large-scale project and ... we would like to hold the largest equity share in it”
Chairman and CEO of Japanese conglomerate Sega Sammy Holdings