Kazuo Okada, the Japanese billionaire and former buddy of Steve Wynn, desires 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 capital that is philippine ‘Entertainment City’ into the 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 fresh fruit of this investment, a 993-room resort and casino resort scheduled to start in November, possesses name that is new. The task previously referred to 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 regarding the 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 organization, until he was ousted in 2012. The 73-year-old Japanese businessman, who made his fortune manufacturing Pachinko machines, had at first anticipated their old buddy Wynn in the future on board with all the Manila project as he received a gaming permit 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 Continue reading “Kazuo Okada’s Manila Casino Project Could Achieve $4 Billion”