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Tag Archives: Okada Manila

Philippines – Upturn at Okada Manila unable to save Universal’s year

Despite Philippine resort casino Okada Manila reporting a 27.2 per cent increase in sales to US$305m, giving a profit of US$46m in 2021, its owner Universal Entertainment Corp reported an overall loss of US$166m. GGR at the casino came in at US$164m with more than 1.8 million people visiting the property during the year. Net…

Philippines – Gaming revenue at Okada Manila jumps 68 per cent quarter on quarter

Having reopened in mid-October albeit with some limitations om attendance, Okada Manila in the Philippines, generated GGR of Php7.01bn (US$137.4 m), a 68 per cent jump from the previous quarter with no revenue generated in the corresponding quarter year earlier. The venue’s owner, Tiger Resorts, Leisure and Entertainment, said that the increase was driven by…

US – Okada Manila and 26 Capital Acquisition Corp.’s plans for New York to include cryptocurrency floor

Details have emerged about the New York casino pitch being made by UE Resorts International, a subsidiary of Japan-based gaming tech provider Universal Entertainment Corporation, in partnership with Jason Ader, a former Las Vegas Sands board member, with the trading of cryptocurrencies and a landing pad for flying cars both detailed. The plans for what would be called…

US – Okada Manila and 26 Capital Acquisition Corp. to bid for New York casino

Okada Manila International, a subsidiary of Universal Entertainment, and an affiliate of the operator of Okada Manila, and 26 Capital Acquisition Corp. have confirmed they will submit plans in response to the New York State Gaming Commission’s requests for information for what is expected to be three new casino licenses in the southernmost part of the state….

Philippines – Okada Manila confirms that merger with 26 Capital Acquisition will see it float on Nasdaq

Tiger Resort, Leisure and Entertainment, operating as Okada Manila, one of the premier destination casino resorts in Asia and the largest integrated resort in the Philippines, along with Miami-based publicly traded special purpose acquisition company, 26 Capital Acquisition Corp., have entered into a merger agreement, which will result in Okada Manila becoming a publicly traded company listed on Nasdaq….

Philippines – Okada Manila approved to launch online gaming site

Universal Entertainment’s subsidiary Tiger Resort, Leisure & Entertainment, the operating company for the Okada Manila integrated resort facility in the Philippines, has received approval from PAGCOR (Philippine Amusement and Gaming Corporation) to enter into online gaming on April 19. The system is scheduled to go into operation after clearing various conditions, such as confirmation of…

Philippines – GGR down by 42 per cent during Okada Manila’s first quarter

Universal Entertainment has said that Tiger Resort Leisure & Entertainment, the operator of Philippines integrated resort Okada Manila, saw a 35 per cent year-on-year fall in Adjusted segment EBITDA to Php69m(US$14.3m) in the first quarter of 2021 due to the effects of COVID-19. Universal said: “Tiger Resort Leisure & Entertainment posted gross gaming revenue of…

Philippines – Universal looking to float Okada Manila on US stock exchange

Universal Entertainment Corporation, the powerhouse behind Manila’s integrated casino resort Okada Manila, has confirmed it is ‘formally examining the listing of the operating company under the company’s Integrated Resort (IR) Business, which the company has developed in the Philippines, on either the US NASDAQ Stock Exchange or the New York Stock Exchange with the use…

Philippines – Okada Manila ends speculation that it could be for sale

Universal Entertainment, owner of Philippines integrated resort Okada Manila, has quashed speculation that it is considering selling its business or even some of its assets. The operator said: “It appears that certain persons and groups are spreading claims and rumors that Okada Manila’s business or assets are for sale. Please be advised that such claims…