Kazuo Okada, the Japanese billionaire and previous buddy of Steve Wynn, wishes 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 new Macau.
This would express Okada’s biggest investment of all time, stated Takahiro Usui, COO of Tiger Resorts this week.
Usui also revealed that the fruit of this investment, a 993-room resort and casino resort scheduled to start in November, possesses new name. The project previously referred to as ‘Manila Bay Resorts’ has become ‘Okada Manila,’ which suggests the Japanese gaming mogul has learned a thing or two from his previous business partner-turned-foe Steve Wynn, and associated with the value of plastering your name over the front side of a casino.
Okada ended up being a Wynn Resorts executive and a major shareholder in the organization, until he was ousted in 2012. The 73-year-old businessman that is japanese whom made his fortune manufacturing Pachinko machines, had at first expected his old friend Wynn in the future on board utilizing the Manila task when he received a gaming permit 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 which he Read More