ï»¿Kazuo Okada’s Manila Casino Project Could Achieve $4 Billion
Kazuo Okada, the billionaire that is japanese previous friend of Steve Wynn, wishes to turn Manila into the new Macau.
Kazuo Okada, the billionaire chairman of Universal Entertainment Corp and Tiger Resorts Entertainment Inc, could be upping his investment in Manila to $4 billion, as he seeks to transform the Philippine capital’s ‘Entertainment City’ into the new Macau.
This would represent Okada’s biggest investment of all time, stated Takahiro Usui, COO of Tiger Resorts this week.
Usui also revealed that the fruit of this investment, a 993-room resort and casino resort scheduled to open in November, possesses new name. The project formerly referred to as ‘Manila Bay Resorts’ has become ‘Okada Manila,’ which suggests the Japanese gaming mogul has learned a thing or two from his former business partner-turned-foe Steve Wynn, and associated with value of plastering your name throughout the front side of a casino.
Okada had been a Wynn Resorts executive and a shareholder that is major the business, until he was ousted in 2012. The 73-year-old businessman that is japanese who made his fortune manufacturing Pachinko machines, had at first expected their old friend Wynn to come on board with all the Manila task when he received a gaming license there in 2008.
Okada had bailed Wynn out to the tune of $455 million to simply help finance the completion of Wynn Las Vegas and Wynn Macau, for which he received a