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.