Japanese casino mogul Kazuo Okada has reportedly made a courtesy call to President Duterte, expressing his desire to participate in infrastructure projects.
“Mr. Okada specifically expressed his desire to bid for the international airport. He believes the airport is your first contact and so your airport, if well designed and efficient, people will talk about that and more tourists will come together,” said his Filipino business partner Antonio “Tonyboy” Cojuangco.
According to the Philippine Star, Okada conveyed his commitment to help the new administration with infrastructure projects – particularly those that boost tourism.
“It was a time to congratulate the President and he expressed support to the new administration and Mr. Okada informed him we are doing our best to develop the tourism industry,” said Cojuangco.
Okada and Cojuangco are partners in Okada Manila, the new casino resort opening in Manila 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, over 500 gaming tables and 3,000 electronic gaming machines.
The resort could cost $3 billion in the first phase and reach $4 billion when three more phases are built.
This Dossier results from the “Life After POGOs” editorial project by Asia Gaming Brief which culminated with a pop-up digital forum on 9th December to discuss potentials ramifications in the industry.
Sands China volunteers and local community groups recently worked together at The Venetian to build 40,000 hygiene kits for Clean the World, an international social enterprise that provides hygiene supplies essential for good health to populations in need around the globe, helping prevent the spread of disease.
The Standing Committee of China's National People's Congress wound up its session in Beijing on Saturday, passing Amendment XI to its criminal law, which brings into effect stiff penalties for gambling.
Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing
what 2020 may have had in store.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.