Kazuo Okada, the billionaire that is japanese previous friend of Steve Wynn, wants 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 capital that is philippine ‘Entertainment City’ into the brand new Macau.
This would represent Okada’s biggest investment of most time, stated Takahiro Usui, COO of Tiger Resorts this week.
Usui also revealed that the fruit of this investment, a 993-room hotel and casino resort scheduled to start in November, has a new name. The project previously referred to as ‘Manila Bay Resorts’ has become ‘Okada Manila,’ which suggests the gaming that is japanese has learned a thing or two from his previous business partner-turned-foe Steve Wynn, and regarding the value of plastering your name throughout the front of a casino.
Okada ended up being a Wynn Resorts executive and a shareholder that is major the organization, until he was ousted in 2012. The 73-year-old Japanese businessman, whom made his fortune manufacturing Pachinko machines, had initially expected their old buddy Wynn in the future on board aided by the Manila project 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 whi Continue reading