• 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
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Okada’s Manila Bay Resorts on track for late 2015

Sep 26, 2014 Newsdesk Latest News, Philippines, Top of the deck  


Okada’s Manila Bay Resorts on track for late 2015

Construction of the US$2-billion Manila Bay Resorts (pictured in a rendering) is on schedule and its first phase opening should take place late next year. Developer Tiger Resort, Leisure and Entertainment Inc, led by Japanese entrepreneur Kazuo Okada, is preparing to hire about 8,000 workers to staff the initial phase of its integrated casino project.

“We are still doing our utmost to be open by the end of 2015,” Matt Hurst, executive vice president of gaming operations and marketing for the under-construction Manila Bay Resorts, told GGRAsia.

The first phase of the casino resort will have about 500 gaming tables and 3,000 slot machines, Mr Hurst told local media. The property will also have two hotels managed by the company, nightclubs and restaurants. Phase two should see the retail area expanded to 70,000 square metres.

The casino operator is setting its sights on the international market, particularly Asian visitors. Aside from China, other important player markets will include Japan, South Korea and Taiwan, Mr Hurst recently told GGRAsia.

Manila Bay Resorts will be the third integrated resort at Entertainment City, under the four licences that have been granted by the Philippine Amusement and Gaming Corp (Pagcor). The project however has been mired in regulatory and legal controversy for the past two years.

Pagcor requires Mr Okada to have a local partner before it can open its integrated resort. Under the country’s constitution and public land laws, only Filipinos, or entities owned at least 60 percent by Filipino citizens, are allowed to own land, thus restricting Mr Okada or his majority-owned companies to just 40 percent ownership

The Japanese billionaire is locked in a court dispute with Philippine-based Century Properties Group Inc over the termination of an agreement that allowed the latter company to build luxury residential and retail developments in the 44-hectare (109-acre) project.

The local developer said earlier this month it would be willing to resume talks about a tie-up if the terms of the original agreement would be retained.


  • tweet
Related articles
  • Pagcor boss affirms some Ent City casinos have PIGO permits
    Pagcor boss affirms some Ent City...

    Dec 09, 2020  

  • Philippine casinos produced US$332mln GGR in 3Q: Pagcor
    Philippine casinos produced US$332mln...

    Nov 25, 2020  

More news
  • CNY 2021 unlikely to boost Macau casinos, say observers
    CNY 2021 unlikely to boost Macau...

    Jan 15, 2021  

  • Mass market play record 65pct Macau GGR in 4Q: govt
    Mass market play record 65pct Macau GGR...

    Jan 15, 2021  


Latest News

CNY 2021 unlikely to boost Macau casinos, say observers

CNY 2021 unlikely to boost Macau casinos, say observers

Jan 15, 2021  

Recent advisory notices issued by a number of local authorities in mainland China, calling on residents not to travel during the February Chinese New Year (CNY) break, further clouds the prospects...
Read More
Mass market play record 65pct Macau GGR in 4Q: govt

Mass market play record 65pct Macau GGR in 4Q: govt

Jan 15, 2021  

Malaysia Covid outlook negative to Genting Bhd: Moody’s

Malaysia Covid outlook negative to Genting Bhd: Moody’s

Jan 15, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day

“We expect Las Vegas Sands to not have any material change in strategy. The focus remains developing Macau and Singapore”

Vitaly Umansky, Kelsey Zhu and Tianjiao Yu

Analysts at brokerage Sanford C. Bernstein



Most Popular

  • Sheldon Adelson, self-declared casino industry iconoclastSheldon Adelson, self-declared casino industry iconoclast January 13, 2021
  • Casino entrepreneur Sheldon Adelson dies aged 87Casino entrepreneur Sheldon Adelson dies aged 87 January 12, 2021
  • Quality fake chips sold online found at Macau casinoQuality fake chips sold online found at Macau casino January 13, 2021
  • Revamped Nüwa hotel reopens Feb 8, says City of DreamsRevamped Nüwa hotel reopens Feb 8, says City of Dreams January 12, 2021
  • Macau no guess if impact by China no CNY travel callMacau no guess if impact by China no CNY travel call January 12, 2021
Copyright 2014-2020 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us