Universal to take Tiger Resorts public in 2019, reports 18H1 results

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 Universal’s 18H1 results filing, which swung to a profit of JPY 172.5 billion (US$1.6 billion) in the half year, up from JPY 6.6 billion in the 17H1.

Net sales reached  JPY 46.5 billion in the six months, up from JPY 43.4 billion in the prior year period.

Universal said it is continuing to expand attractions and amenities at Okada Manila with the highest priority, including the expansion of hotel guests rooms, shopping area and new F&B establishments.

The company also plans to increase earnings from the mass market, with more non-gaming facilities. It also plans to attract more VIP from other countries by strengthening international marketing, opening sales offices in other countries, and adding amenities to the resort itself.