Monday, June 24, 2024

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Okada Manila seeking IPO on Philippine Stock Exchange by 2025: Report

According to a report, the company behind Okada Manila, Universal Entertainment Corp, is planning to list the entity on the Philippine Stock Exchange via an Initial Public Offering worth between $500 million and $750 million by 2025.

Okada Manila sees strong drops in VIP and online GGR, driving down 1Q24 results

Gaming revenue at Okada Manila fell by nearly a quarter in the first three months of the year, as gross gaming revenue from the VIP segment tumbled 42.61 percent year-on-year.

Okada Manila celebrates fifth Forbes 5-Star rating

In a remarkable display of sustained excellence, Okada Manila proudly announces its fifth consecutive Forbes 5-star rating, affirming its leadership in luxury hospitality.

Okada Manila GGR plunged 25 percent in 4Q23 quarterly 

Casino gross gaming revenue (GGR) at Okada Manila recorded a noticeable drop on both a quarterly and yearly basis, according to the latest financial update.

Universal Entertainment sees Emerald Bay as “next step”: Okada Manila executive

Universal Entertainment sees its investment into Cebu-based Emerald Bay as its “next step”, according to the Chief Managing Director of Okada Manila, as the group is expecting even stronger returns next year.

Okada Manila operator reaches agreement to acquire Emerald Bay Resort development

Tiger Resorts, Leisure and Entertainment Inc. (TRLEI), operator of Okada Manila, will acquire PH Travel and Leisure Holdings, the company behind the unfinished Emerald Bay Resort in Cebu.

Philippine court lifts Status Quo from Okada Manila founder, Kazuo Okada not in control

Okada Manila has finally managed to separate itself from former founder Kazuo Okada, with the Supreme Court lifting the Status Quo Ante Order (SQAO) brought about by a lawsuit from the former head of the property.

Universal Entertainment’s 3Q23 results boosted by Okada Manila and Pachinko sales

Universal Entertainment's Okada Manila saw a strong revamp in gross gaming revenue during the third quarter, rising to PHP12.35 billion, up some 29.7 percent yearly, as VIP, mass and gaming machines saw increases year-on-year.

Okada Manila revenue up by nearly one-third in 3Q23

Universal Entertainment, the operator of Okada Manila, says that its major subsidiary which operates the property saw a 29 percent increase in yearly revenue during the third quarter of the year, topping PHP13.36 billion ($235.64 million), while adjusted segment EBITDA was up 45.6 percent yearly to PHP3.55 billion ($62.61 million).

SPAC 26 Capital liquidating, de-listing from NASDAQ after failed merger with Okada Manila operator

US-based 26 Capital Acquisition Corp has announced that it has liquidated its trust account and will terminate its registration as a NASDAQ-listed company.