Kazuo Okada, the Japanese billionaire and previous friend of Steve Wynn, wants to turn Manila into the new Macau.
Kazuo Okada, the billionaire chairman of Universal Entertainment Corp and Tiger Resorts Entertainment Inc, could be upping their investment in Manila to $4 billion, as he seeks to transform the Philippine capital’s ‘Entertainment City’ into the brand new Macau.
This would represent Okada’s investment that is biggest of all of the time, stated Takahiro Usui, COO of Tiger Resorts this week.
Usui also revealed that the fruit of this investment, a 993-room resort and casino resort scheduled to open in November, has a name that is new. The project previously known as ‘Manila Bay Resorts’ has become ‘Okada Manila,’ which suggests the Japanese gaming mogul has learned a thing or two from his previous business partner-turned-foe Steve Wynn, and associated with value of plastering your name over the front of a casino.
Okada ended up being a Wynn Resorts executive and a major shareholder in the business, until he was ousted in 2012. The 73-year-old Japanese businessman, whom made his fortune manufacturing Pachinko machines, had at first anticipated his old buddy Wynn in the future up to speed using the Manila task as he received a video gaming license there in 2008.
Okada had bailed Wynn out to the tune of $455 million to help finance the completion of Wynn Las Vegas and Wynn Macau, for which he rece Continue reading “Kazuo Okada’s Manila Casino Project Could Achieve $4 Billion”