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jan
6

Okada Manila casino owner hopes to make Philippines “the next Hawaii”

Tags: Hawaii, Okada Manila, Philippines.
Posted on Friday, January 06, 2017 by "T".

The $2.4 billion Okada Manila has first opened its doors at 7pm on Friday, December 30, 2016, after securing a provisional casino license from the state gaming firm PAGCOR (Philippine Amusement and Gaming Corp).

The company said, "As Okada Manila's preview period continues, the opening of the hotel and additional restaurants will be announced in the coming weeks with the grand opening taking place end of February 2017."

The facility will provide 3,000 electronic gaming machines and 500 table games in a casino floor area of over 26,000 square meters. Japanese billionaire Kazuo Okada announced that his company is expecting to hire around 20,000 Filipinos in the next two years for his $2.4 billion-worth integrated resort and casino in Entertainment City.

Okada is hopeful that he will make the Philippines "the next Hawaii" as he plans to expand his business in popular tourist spots such as Boracay and Palawan.

The Japanese tycoon plans to bid for a Philippine airport. He also said he plans to have his casino business listed at the Philippine Stock Exchange within a year.

What may be his reason to do this? He said in an interview, "There was a lot of potential for development and within those Asian countries was the Philippines, wherein they were located in the center of Southeast Asia and proximity wise it would be the best location. A new airport is "definitely a necessity" for the Philippines, with the potential to double or triple tourist arrivals."

Okada Manila, formerly known as Manila Bay Resorts Integrated Resorts and Casino, is the third gaming facility to open in PAGCOR's Entertainment City in Parañaque, a dazzling strip on Manila Bay that the Philippines is positioning as a challenger to Las Vegas. The resort and casino is expected to generate 8,000 to 10,000 jobs in its first development phase.

Source: http://www.bworldonline.com/content.php?section=Corporate&title=okada-manila-starts-casino-operations&id=138405

 


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15 comments for "Okada Manila casino owner hopes to make Philippines “the next Hawaii”"

 doubletop7771/6/2017 9:15:41 AM GMT
This sounds like one heck of an establishment and it would be a mind blowing experience to be lucky to go there. The Philippines is huge and they should attract plenty of business
 pochui1/6/2017 10:41:02 AM GMT
well from the point of customer it is great news- more establishments out there, more competition usually equals better prices more promotions, vodka, cannabis and more fun. now if we are looking from business point- probably not very good news, more competition- less profits, more fighting for the customers.
 Ingrind331/6/2017 12:47:36 PM GMT
There sure is a tropical atmosphere there. But don't you get sick after a while. Too much coconuts. Coconuts, only I can think about coconuts. In your drink. In you oil. it's even in your food. After a couple of days you become a coconut. It's not fun anymore. They get the coconuts cheap, coconuts are good for you, but when you eat them too much. They are not tasty anymore. It's even in the Hotel room as an aroma.

Have you ever thought about what kind of drinks you get at those resorts... cococnuts
 Mober1/6/2017 9:29:34 PM GMT
Big money talks once more Smile Some serious amount invested in this project.
Philippines has some great places to visit, and it can get close to next Hawaii probably.
Never been to any of them, but both needs to be in someones "visit calendar"
 Robbo19901/6/2017 11:17:10 PM GMT
japan wants to challenge china. chinese wont goto japan but they will goto the phillipines if it can challenge macau
 pajalnick1/7/2017 9:50:32 AM GMT
another super casino center is open in the world and I think it's good ... the more places in the world where you can play offline the more choices people have more opportunities ... probably at the opening were some some interesting promotions and offers
 Mober1/7/2017 9:35:26 PM GMT
Being in a resort like this is great. And i wouldnt mind if i didnt play casino games after all.
And how to afford playing if you are paying for accommodation there Smile
It looks very expensive one, and not much info for it, is out yet.
 bowie19841/8/2017 1:25:13 AM GMT
Interesting to see how the yakuza trying to white out their income, where a huge percentage already comes from gambling activities - which of course are illegal in Japan - not sure if they going to suceed but who knows?
 Tony_MON7ANA1/8/2017 2:41:14 AM GMT
Kazuo Okada? I have never heard of his name until I read this thread. He seems to have been residing with his family in Hong Kong for quite a while.
The Philippines is definitely one of the most exotic places I have ever visited. Now I have another reason to revisit there.
 TheMachineQC1/8/2017 7:12:28 AM GMT
I couldn't even tell exactly where the phillipines are exactly on a earth globe unfortunately. And I'm not too bad at geography... Just saying... it's probably not the most touristic place in the world yet. I know it's not the first place I would go to if I wanted to gamble. But yeah from Canada it's a pretty long trip lol

Good luck to them, I didn't even know if gambling was legal over there Smile
 Calmplay1/8/2017 8:45:37 AM GMT
everything is possible if you have money plus Philippine is a good touristic country with nice places to visit so will not be tough to make the country the next Hawaii...
 Robbo19901/8/2017 1:26:48 PM GMT
Posted by TheMachineQC:
I couldn't even tell exactly where the phillipines are exactly on a earth globe unfortunately. And I'm not too bad at geography... Just saying... it's probably not the most touristic place in the world yet. I know it's not the first place I would go to if I wanted to gamble. But yeah from Canada it's a pretty long trip lol

Good luck to them, I didn't even know if gambling was legal over there Smile


must be a continental thing thing then instead of an USA thing of not knowing anything outside your town even though they are ww2/manny paquiao/the best president etc
 Mober1/8/2017 9:56:30 PM GMT
Well machine if you dont know where about Philippines is, then you are not good in geography Smile
I thought it was a usa only thing, but ti looks like it is more like north america,
not having a clue about geography in general Smile
I remember when i saw in tv, when the first war in iraq started,
reporters asking americans, where iraq is.
Unbelievable.... lol
 Gerimantas1/21/2017 6:42:37 PM GMT
This is a rea lly big project and it will be interesting to see how will it do. Big projects like this generates good money for local economy, create jobs so they are always wanted by everyone, maybe only ones that do not like them is competitors. Customers just live such big projects
 bowie19841/22/2017 2:25:21 AM GMT
Posted by Gerimantas:
This is a rea lly big project and it will be interesting to see how will it do. Big projects like this generates good money for local economy, create jobs so they are always wanted by everyone, maybe only ones that do not like them is competitors. Customers just live such big projects

Big projects means big corruption at almost everywhere in the world. This is why the local politicians and businessmen are happy, everybody gets a slice from the cake before it's been baked.

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