Kazuo Okada, the billionaire that is japanese previous buddy of Steve Wynn, wishes to turn Manila into the new Macau.
Kazuo Okada, the billionaire chairman of Universal Entertainment Corp and Tiger Resorts Entertainment Inc, could be upping his investment in Manila to $4 billion, as he seeks to transform the Philippine capital’s ‘Entertainment City’ into the new Macau.
This would express Okada’s biggest investment of all of the time, said Takahiro Usui, COO of Tiger Resorts this week.
Usui also revealed that the good fresh fruit of this investment, a 993-room hotel and casino resort scheduled to start in November, possesses new name. The task previously known as ‘Manila Bay Resorts’ has become ‘Okada Manila,’ which suggests the Japanese gaming mogul has learned a thing or two from his former business partner-turned-foe Steve Wynn, and for the value of plastering your name over the front side of a casino.
Okada ended up being a Wynn Resorts executive and a shareholder that is major the company, until he was ousted in 2012. The 73-year-old Japanese businessman, who made his fortune manufacturing Pachinko machines, had initially anticipated their old buddy Wynn to come up to speed with the Manila project when 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 received a 20 per c Continue reading “Kazuo Okada’s Manila Casino Project Could Reach $4 Billion”