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Tag Archives: Okada Manila

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…

Philippines – Okada Manila lights up the gaming floor with Blaze from TCS John Huxley

Okada Manila Casino Resort, located on the Entertainment City gaming strip in Metro Manila, Philippines, has recently upgraded the gaming floor with TCS John Huxley’s latest Blaze LED Technology products. As the industry’s only table technology to project custom video animations through the layout, Blaze has proven an exciting addition to any gaming floor. Using…

Philippines – PAGCOR licences its Live Shots online offering to four casinos

PAGCOR, the state-run Philippine operator and regulator, will launch an online casino called Live Shots tailored for Filipino VIP gamblers, which will be licensed to land-based casinos. So far PAGCOR has approved the Live Shots license to be used by Solaire Resort and Casino, Okada Manila, City of Dreams and a land-based casino in Subic….

Philippines – PAGCOR to allow casinos in Entertainment City to offer online gambling

Solaire, City of Dreams Manila, and Okada Manila will be able to offer gambling online to help casinos in Manila’s Entertainment City survive the downturn in trade due to the coronavirus pandemic. PAGCOR’ President Alfredo Lim informed Bloomberg that it had approved applications from the three casinos to offer ‘betting through the internet.’ The Department…

Philippines – Okada Manila to reopen at 30 per cent capacity

Okada Manila will be partially operational with up to 30 per cent of permitted slot machines and casino tables installed to be operated alongside some resort related facilities such as restaurants and hotels. The announcement follows the temporary suspension of gaming business order by PAGCOR on March 15 being partially lifted. Universal Entertainment has confirmed…

Philippines – Okada Manila announces redundancies for 1,000 members of staff

Tiger Resorts is making 1,000 members of staff at its Okada Manila integrated resort in the Philippines redundant from mid-June due to the coronavirus closures. Okada Manila President Takashi Oya said: “It is a reality that the company could not escape because of the new normal that lies ahead of us. Not having any revenues…