Okada Manila commences casino operations

Okada Manila officially commenced its casino operations on December 30, after securing a provisional casino license from Philippine Amusement and Gaming Corp, local media reports.

The $2.4 billion casino resort, developed by a subsidiary of Universal Entertainment, held a soft opening on December 21. A grand opening is scheduled for February 2017.

“Okada Manila will continue its preview period by officially launching casino operations on Dec. 30 at 7 p.m, local time. This follows the approval and issuance of a notice to commence casino operations from the Philippine Amusement and Gaming Corp. on Dec. 21,” Okada Manila said in a statement last Thursday.

“As Okada Manila’s preview period continues, the opening of the hotel and additional restaurants will be announced in the coming weeks with the grand opening taking place end of February 2017,” it added.

The first phase of the project includes a casino floor, two hotel wings, nightclub and beach club, retail area, restaurants and an iconic fountain.

In related news, casino mogul Kazuo Okada on Wednesday said he hoped to make Philippines “the next Hawaii”, saying he was exploring the possibility of operating resorts on the Philippine islands of Palawan and Boracay.

“I would like to make the Philippines the next Hawaii, given that there are a lot of great beaches here,” he told local media.

“China, Beijing, the air is polluted and I feel there are people [there] who would want to get away, go to a fresh place and I think the Philippines would be one of the best tourist spots for everybody,” he said.

More news from this jurisdiction

PhilippinesFriday, Feb 17, 2017

House leaders are seeking to amend the charter of the Philippine Charity Sweepstakes Office to grant it the authority to issue permits for small town lottery (STL).

PhilippinesTuesday, Feb 14, 2017

Alleged middleman of gambling tycoon Jack Lam, Wally Sombero, has denied involvement in the bribery scandal involving Justice Secretary Vitaliano Aguirre and two Bureau of Immigration (BI) officials.

PhilippinesTuesday, Feb 14, 2017

A surge in offshore gaming firms is likely to drive up office rental prices in Metro Manila over the next year, says property consultant Colliers International.

PhilippinesFriday, Feb 10, 2017

Philippine Amusement and Gaming Corp. (Pagcor) chair Andrea Domingo denies she was offered a bribe by gaming tycoon Jack Lam, though she admitted having met with him on three occasions.

PhilippinesThursday, Feb 09, 2017

State-run Philippine Amusement and Gaming Corp. (Pagcor) has reiterated its authority in granting offshore gaming licenses in the country.

PhilippinesWednesday, Feb 08, 2017

Philippines-based Meridien Vista Gaming Corp. (MVGC) has been asked to immediately stop its numbers game operations.

PhilippinesWednesday, Feb 08, 2017

The Philippines House of Representatives has moved closer to including casinos as part of its Anti-Money Laundering Act (AMLA).