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Tag Archives: Century Properties

The Philippines – Philippines’ court stops Universal from axing Century deal

A Makati Regional Trial Court in the Philippines has approved a court order stopping Kazuo Okada’s Universal Entertainment from making a u-turn on a real estate deal with Century Properties Group. Tokyo-based Universal Entertainment severed a deal with Century Properties which would have seen the Philippine-based company funded part of the US$2bn Manila Bay Resorts…

Philippines – Okada Group wins Century suit

Japan’s Okada Group will now continue with plans to build its US$1bn casino complex in the Pagcor Entertainment City after the Japanese firm initially won the case filed by local partner Century Properties Group Inc. “Universal Entertainment Group continues to contribute to the Philippine economy and to generate employment by carrying forward our casino resort…

Philippines – Okada confident Manila Bay Resorts will open in 2015

Japanese billionaire Kazuo Okada has confirmed his US$2bn Manila Bay Resorts project in Entertainment City will open on time in 2015, despite a legal dispute with Century Properties Group. The Okada group stated: “Our construction is progressing according to schedule. Currently, this construction includes the hotel tower and casino floors. We project mass hiring of…

Philippines – Universal and Century Properties prepare for legal battle over Eagle 1 shares

Tokyo-based Universal Entertainment has severed a deal with Century Properties which would have seen the Philippine-based company funded part of the US$2bn Manila Bay Resorts casino complex it is developing on Manila Bay in the Philippines. Century Properties, who said it would contest the notice of termination, had agreed to buy a 36 per cent…