Tiger Resorts Leisure and Entertainment is the developer and operator of Okada Manila, which is a member of Japan-based casino resorts developer and operator Universal Entertainment Corporation.Located in Bagong Nayong Pilipino Entertainment City Manila, Okada Manila will have a total investment of US$2 billion for its first phase. Entertainment City is located on the foreshore of Manila Bay, an ideal location considering the close proximity to neighboring Asian countries all less than 4 hours away by air travel such as China, South Korea, Japan, Singapore and Hong Kong.Universal Entertainment Corporation is a publicly listed company in the Tokyo Stock Exchange (JASDAQ), established in December of 1969 and incorporated in June 1973. Universal Entertainment (UE) has been engaged in the manufacture of Pachislot and Pachinko machines. An industry pioneer in designing and manufacturing gaming machines, we have consistently brought forth countless renowned and ingenious titles. Our one-of-a-kind, brand-defining contents serve to both stimulate the industry and grant us exclusive positioning.Okada Manila, a world-class resort and casino development in the Philippines located in Entertainment City Manila, is included in the portfolio of the Universal Entertainment Group.
President Okada Manila
Universal Entertainment has confirmed its Okada Manila property will reopen at 30 percent of its capacity of table and machine games.
Fitch Ratings has downgraded Universal Entertainment’s credit rating due to the impact of the coronavirus on the gaming industry and said it expects the group’s Okada Manila property to post a 70 percent drop in Q2 revenue.
Okada Manila’s EBITDA margin appears to be improving on operational changes, table pricing and an improvement in non-gaming amenities.
Okada Manila saw gross gambling revenue rise 29.5 percent in September, with strong gains from both the VIP and mass market segment.
Universal Entertainment announced that Okada Manila saw a rise in gross gaming revenue in August 2019, driven by a boost in its VIP business. VIP table games revenue went from P 790 million to approximately P2.0 billion in August 2019, more than a 150 percent increase year-on-year. Mass table games and gaming machine revenue also […]
Courts in Japan and the Philippines have rejected appeals from billionaire Kazuo Okada, who is seeking to regain control over his former gaming empire, according to media reports.
Philippines integrated resort Okada Manila, saw gross gaming revenue fall 6.7 percent year-on-year in May, due mainly to a fall in VIP table game revenue. According to a filing from Tiger Resort Leisure and Entertainment Inc (TRLEI), gross gaming revenue totaled P2.6 billion (US$50.8 million) in May. VIP table games revenue fell 37.7 percent in […]
Embattled gaming mogul Kazuo Okada has fired back against officials of Tiger Resort Leisure and Entertainment Inc. (TRLEI), accusing them of conspiring to remove him from his own company, local media reports. Through his lawyers, Okada has filed qualified theft and estafa charges against the officials of Tiger Resorts, the operator of the Okada Manila […]
Gross gaming revenue in the Philippines gained 17.4 percent in Q1 to P60 billion ($1.13 billion), with most of the gains driven by casinos in Entertainment City.
Tiger Resorts & Leisure, the company that operates Okada Manila, said the integrated resort generated a 26 percent gain in gross gaming revenue in April.
Tiger Resort, the operating company for Okada Manila, reported a 68 percent increase in gross gaming revenue for the month of March 2019, due mainly to a recovery in domestic and international players following Chinese New Year. Said gross gaming revenue came in at P3.3 billion (US$63.9 million) in the month, while adjusted segment EBITDA […]
Okada Manila President Kenji Sugiyama and Vice-Chairman Antonio Cojuangco spoke at the Tourism Expo Japan 2018 to promote increased Japanese visits to their IR in the Philippines and also to discuss general lessons from their experience for the future of the Japanese IR market.
Asiabest Group said the recent takeover accord reached with shareholders of Tiger Resort & Entertainment was duly authorized by the company and by its Japanese parent Universal Entertainment.
Philippines-based Tiger Resort Leisure and Entertainment, operator of Okada Manila and a unit of the Universal Entertainment Corporation, will open an office in Tokyo with the aim of entering the domestic IR race.
Universal Entertainment’s Philippine unit, the operator of the Okada Manila, is planning a backdoor listing through the takeover of Manila-traded Asiabest Group (ABG).
Universal Entertainment Group says it is planning to take Tiger Resort, Leisure and Entertainment Inc. (TRLEI), the company behind Okada Manila, public in 2019. Universal said the move will help to accelerate TRLEI’s growth and raise its name recognition. Details will be disclosed as they are finalized, said the company. The note was made in […]
Five integrated resorts have registered with the Anti-Money Laundering Council (AMLC), following policy guidelines from the Financial Action Task Force (FATF). According to an announcement from the AMLC, the integrated resort operators include Travellers International Hotel Group; Widus International Leisure; Bloomberry Resorts and Hotels, Inc.; Melco Resorts Leisure (PHP) Corporation; and Tiger Resort Leisure and […]
Japanese gaming mogul Kazuo Okada is not completely clear of the $10 million fraud charges filed against him, which is still subject to review from the Department of Justice (DOJ), local media reports. Last month, the Parañaque Prosecutors Office dismissed the $10 million perjury and fraud complaints against Okada by Tiger Resorts Leisure & Entertainment […]
Philippine prosecutors in Paranaque and Makati cities have dropped all charges filed against Japanese gaming billionaire Kazuo Okada.
Universal Entertainment said it plans to seek a stock market listing for the company that controls its Okada Manila property within the next two years as it positions for further growth.
Japan’s Universal Entertainment says it has no knowledge of plans by former chairman Kazuo Okada to obtain a backdoor listing for the country’s Philippine unit in Manila. Earlier this week, newspaper reports said that Okada would acquire the management rights of a listed company in the Philippines. He planned to merge the group’s Okada Manila […]
Tiger Resort, Leisure and Entertainment is in talks to acquire holding firm Bright Kindle Resources and Investments Inc (BKR) for the prospective backdoor listing of its Philippines integrated resort, local media reports. A source close to Okada’s team said the group had looked at three publicly listed companies to take over in preparation of the […]
Gaming mogul Kazuo Okada has been ousted as the chairman of Tiger Resort, Leisure, and Entertainment Inc, as a result of an investigation over an alleged improper transfer of funds. Earlier this month, parent company Universal Entertainment Corp announced it is investigating the possibility of “fraudulent acts” related to a JPY 2 billion loan conducted […]
Okada Manila, the newly opened $2.7 billion integrated resort in Entertainment City, is preparing to expand to its next phase later this year, local media reports. “We would be preparing for our Phase II starting this year, within the year. About 300,000 square meters will be developed for our Phase II,” said Japanese gaming mogul […]
Philippine’s largest integrated resort Okada Manila has pushed back the date of its grand opening to the end of March, according to a company press release. Earlier this month, Pagcor chief Andrea Domingo in an interview with The Inquirer was of the understanding that the resort’s full opening was scheduled for February 17. Tiger Resort […]
Okada Manila will likely open with fewer than 500 tables, said CLSA analyst Marcus Liu at a conference in Macau on Wednesday. The $2 billion integrated resort from Tiger Resorts Leisure and Entertainment Inc. is scheduled to open by the end of December. “The property can put gaming in the Philippines firmly on the regional […]
Tiger Resort Leisure and Entertainment Inc says it is planning to build a port on Manila Bay to accommodate large cruise liners that could boost the luxury tourism market in the Philippines. The company, which is the developer and operator of Okada Manila, said it has been in talks with cruise liners to consider Manila […]
Tiger Resort Leisure and Entertainment has announced that Okada Manila will be the official property name of the new Manila casino resort opening in November. Okada Manila is the third integrated resort to complete the Entertainment City in Parañaque, featuring a 100 meter dancing water fountain and indoor beach, a total of 993 deluxe rooms, […]
Kazuo Okada’s Manila Bay Resorts is on track to open by year end, local media reports. Tiger Resort president Steve Wolstenholme recently commented that the company remains confident about the opportunities in the country despite being the third player to open a gaming facility in Entertainment City. “The investment is on time. We will open […]
Philippines-based Tiger Resort Leisure and Entertainment Inc received a PHP 37.6 billion (US$809.9 million) loan to partially finance costs for the Manila Bay Resorts casino resort. The announcement was made in a results filing from its parent company, Japan’s Universal Entertainment Corp on Friday. According to the filing, the lender is BDO Unibank, who executed […]
Tiger Resort Leisure and Entertainment announced the approval from Philippine Amusement and Gaming Corp. (PAGCOR) of the updated implementation plan for its Manila Bay Resorts. The extension was granted “given the increased scope and scale of the development, which promises to be the ‘jewel in the crown’ of Entertainment City,” the company said in a […]
The Philippine Amusement and Gaming Corp. is still considering a request from Japan’s Universal Entertainment to extend the deadline for completion of its planned resort in Manila’s Entertainment City, Reuters reported. The company risks having its license for the $1.6 billion project suspended because of the delays. “They want to have an extension. We are […]
Tiger Resorts Leisure and Entertainment, the Philippine affiliate of billionaire Kazuo Okada’s Universal Entertainment, may have found a local partner for its Manila resort project, according to local media reports. The Star newspaper cited company officials as saying the company will announce a local partner “in the very near future” and is on track to […]
The Philippines has been one of the best-performing gaming jurisdictions over the past five years and is expected to continue to outperform, despite rising regional competition, as the country’s operators expand.
As Tiger Resort Leisure & Entertainment's property in the Philippines begins to take its place on the Manila skyline, the sheer size and scale of the project is becoming apparent. The resort will be the third to open in the Entertainment City gaming hub and will be the biggest so far, on a site of about 44 hectares. The project stems from the vision of Japanese tycoon Kazuo Okada, who has a long association with the Philippines and a long-term faith in its future potential. AGB recently sat down with Tiger president Steve Wolstenholme who provided an update on progress and why he's so enthusiastic.