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Philippines – Manila Bay Resorts tops off as Universal agrees deals

A busy few days for Universal Entertainment and its Philippine subsidiary Tiger Resorts has seen the operator gain a new local partner for its Manila Bay Resorts, gain the necessary extension from the government to complete the project and hold the topping off ceremony for the eagerly awaited project. The topping off ceremony was to…

Philippines – PAGCOR threatens Universal/Tiger with licence suspension

PAGCOR, the Philippine gaming regulator, has given Tiger Resorts, the operator controlled by Kazuo Okada’s Universal Entertainment, 90 days to explain why it shouldn’t have the licence for its future casino resort in the Philippines revoked. PAGCOR has already confiscated a $2.2m guarantee payment from Tiger, paid when it secured the licence for Manila Bay…

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…

The Philippines – Local partner essential before Manila Bay Resorts opens

The Philippine Amusement and Gaming Corp (PAGCOR) has confirmed that Tiger Resorts Leisure and Entertainment, owned by Kazuo Okada, will not be able to open Manila Bay Resorts until it has secured a local partner to work with. PAGCOR Chairman Cristino Naguiat Jr said: “Even if they finish it they still cannot open it if…

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…