Plans stock listing
Okada Manila, the $2.7 billion casino resort that opened in March in Manila’s Entertainment City, will undertake its Phase II expansion by the end of the year according to Kazuo Okada, the Japanese gaming mogul for whom the resort is named.
“We would be preparing for our Phase II starting this year, within the year,” Okada said recently. “About 300,000 square meters (74 acres) will be developed.”
Phase I of the development, operated by Kazuo’s company, Tiger Resort Leisure and Entertainment Inc., includes 1,000 high-end hotels room, 500 gaming tables and 3,000 slot machines, as well as retail space, a beach club, a nightclub and one of the world’s largest water fountains, according to the Asia Gaming Brief.
Okada said Tiger Resort may getting on the stock exchange through a back-door listing.
“We are still in the process of thinking about it so nothing has been finalized yet,” said Okada. “It is just being considered as of this moment.”
