Gaming firm Bloomberry Resort Corp. chalked up P578.3 million in revenues in the first 15 days of operation of Solaire Manila Resort & Casino, the first entertainment complex to open in Pagcor City.
Gokongwei-led Robinsons Land Corp. (RLC) is finalizing plans for a new multibillion-peso office complex near the Ortigas business district but its top official was mum on efforts to break into the gaming sector through a partnership with controversial Japanese billionaire Kazuo Okada.
President Benigno Aquino III opened a giant $1.2 billion casino on Saturday to kick off the Philippines’ high-stakes bid to join the likes of Macau and Las Vegas in an elite group of gaming destinations.
A $1.2 billion giant casino was set to open Saturday in the Bay City area of Parañaque City in a high-stakes bid of the Philippines to join the world’s elite gaming destinations.
Macau casino magnate Lawrence Ho said he had no doubt the Philippine gaming industry could be as big as Las Vegas or Singapore in the next five to six years.
Wynn Resorts Ltd. says Kazuo Okada has resigned from its board, potentially ending a long-running dispute between CEO Steve Wynn and the Japanese billionaire.
While admitting that his antigambling campaign has become a “voice in the wilderness,” retired Archbishop Oscar Cruz on Friday warned of evils that can be lured into the country with the opening of big casinos in Manila early next year.
Invoking libel protection provided by existing local laws, the group of Japanese pachinko mogul Kazuo Okada has gone to a Philippine court to sue erstwhile Las Vegas casino partner Stephen Wynn for “criminal defamation.”
The Melco casino group of Macau has signed a deal to take over 93 percent of Manchester International Holdings Unlimited Corp. (MIH), thereby acquiring a publicly listed shell company for the prospective backdoor-listing of its Philippine gaming interest.
In a nondescript building around the corner from the world’s biggest casino, students at the Macau Polytechnic Institute are in class. Huddled at a long table topped with green felt, they pay close attention as their instructor writes a series of diagrams and numbers on a whiteboard.
Real estate magnate Andrew Tan has teamed up with Japanese tycoon Kazuo Okada to build the upscale residential condominium component of the latter’s $2-billion entertainment complex in Manila.
The gaming and entertainment mecca rising on a reclaimed area south of Manila is the latest playground of the country’s billionaires.
