New Manila Resort to Open This Year

Sat, Jun 4, 2016

The first phase of Kazuo Okada’s multimillion-dollar Manila Bay Resorts (l.) is on schedule to open before the end of 2016, company officials say. It will be the third of four integrated resorts in Manila’s Entertainment City complex.

Changing “tourism, entertainment”

Manila Bay Resorts, a $2.7 billion project of Kazuo Okada’s Tiger Resort Leisure and Entertainment Inc., is expected to open in Manila’s Entertainment City before the end of 2016, according to Tiger Resort President Steve Wolstenholme.

“The investment is on time,” Wolstenholme said. “It will be something that is quite spectacular, and the most significant investment that is happening in the Philippines. We will change… how tourism is perceived here, but also will change how the face of entertainment is perceived here.”

Last month, Tiger Resort month received a PHP37.6 billion (US$809.9 million) loan to “partially finance the costs” for the resort, reported GGRAsia. Brokerage CLSA Ltd expects gross gaming revenue in the Philippine market to grow 8 percent for the year, it said in a report in April.

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