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

PhilippinesThursday, Apr 27, 2017

State-run Philippine gaming regulator Pagcor posted a 26.9 percent increase in net income for the first three months of 2017.

PhilippinesWednesday, Apr 26, 2017

Philippine casino investor Belle Corp. has reconfirmed the comments made by vice chairman Willy Ocier surrounding its plans to expand its City of Dreams Manila project.

PhilippinesTuesday, Apr 25, 2017

Melco Crown’s Philippines subsidiary has backed away from comments made by Belle Corp’s chairman regarding expansion plans for City of Dreams Manila.

PhilippinesTuesday, Apr 25, 2017

MJC Investments Corp. officially opened its P8 billion (US$160.6 million) Winford Hotel and Casino on Friday last week.

PhilippinesMonday, Apr 24, 2017

The Philippine Economic Zone Authority (PEZA) has made the decision to no longer allow online gaming firms to operate in any of its accredited sites across the country.

PhilippinesTuesday, Apr 18, 2017

Philippine-listed Leisure and Resorts World Corp (LRWC) posted a 2.4 percent rise in its consolidated net income for the full-year 2016 to P1.1 billion, according to a filing from the company on Tuesday.

PhilippinesTuesday, Apr 18, 2017

The Supreme Court has dropped all civil cases linked to the dispute between DFNN Inc and the Philippine Charity Sweepstakes Office (PCSO) over the “illegal” rescission of its lotto equipment leasing deal.