Japan’s Universal Entertainment is disposing of treasury shares through an international offering and third-party allotment to raise funds for operations at its $2.4 billion Okada Manila resort in the Philippines.
Okada Manila, developed by Tiger Resorts Leisure and Entertainment. The resort features a remarkable Dome nightclub, the country’s first-ever indoor beach club, and its most breathtaking spectacle: the musical water and light show at its grand fountain lake.
Okada Manila is the third integrated resort to open within the Entertainment City and will occupy over 44 hectares at the foreshore of Manila Bay. It is located three kilometers away from the Ninoy Aquino International Airport.
Okada Manila consists of two wings – the Pearl and Coral Wing, which have 15 floors each.
In terms of gaming, Okada Manila will have over 500 table games and over 3,000 electronic gaming machines.
There will also be a luxurious and opulent night club entertainment complex, which will have a maximum capacity of 4,500 guests.
It was granted a license in August 2008 to establish and operate a casino at the Entertainment City with a total investment of $2 billion.