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Pagcor may forfeit Okada bond worth P100M

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Kazuo-Okada

Philippine Amusement and Gaming Corp. (Pagcor) may opt to forfeit the P100-million guarantee earlier set aside by Japanese gaming magnate Kazuo Okada if his group fails to finish the construction of its casino at the Entertainment City on the deadline stipulated in its contract.

Posted: October 23rd, 2014 in Latest Business Stories | Read More »

Pagcor eyes penalty for Japanese casino developer

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The county’s casino gambling regulator is likely to penalize the local unit of Japan’s Universal Entertainment Corp., led by billionaire Kazuo Okada, if it fails to open its $2-billion project in the Entertainment City complex by Manila Bay by March next year.

Posted: October 8th, 2014 in Latest Business Stories | Read More »

Entertainment City’s casino project hiring 8,000 people

The group of Japanese billionaire Kazuo Okada is preparing to hire about 8,000 workers to staff the initial phase of its integrated casino project in Entertainment City along Manila Bay in Parañaque City, which is scheduled to open in late 2015.

Posted: September 26th, 2014 in Editor's Pick,Headlines | Read More »

Biz Buzz: SM going solar

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Replicating a similar project in its shopping mall in Xiamen, SM Prime Holdings will harness energy from the sun to help power SM North Edsa. This is planned for installation and commissioning in the first half of 2015. The project is designed to generate about 1.4 megawatts at peak, SMPH chief finance officer Jeffrey Lim said.

Posted: September 26th, 2014 in Columnists,Inquirer Columns | Read More »

Biz Buzz: No partners for PAL bid?

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Taipan Lucio Tan might be keen on buying back San Miguel Corp.’s stake in Philippine Airlines (PAL), consolidating his group’s control over the flag carrier, but it appears the pool of local wealthy investors is drier than we thought.

Posted: August 6th, 2014 in Columnists,Inquirer Columns | Read More »

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