Universal Entertainment met president Duterte and revealed plans for reaching an expansion based on the attraction of major brands.<\/p>\n\n\n\n\n\n\n\n
Philippines.- Universal Entertainment revealed plans of its parent company Entertainment City, that rules IR Okada Manila, to expand the property attracting major international hotels brands.<\/p>\n\n\n\n
Universal representative Director and President, Jun Fujimoto, recently met with Philippines President Rodrigo Duterte at Malaca\u00f1ang Palace, where Fujimoto outlined the progress of Phase 1 development of Okada Manila. He also exposed that it is expected to be completed in early 2020, and offered as well some insight into Phase 2, which is set to include a variety of real estate investments on land located next to the current site in Paranaque.<\/p>\n\n\n\n
\u201cAt this stage, the base of our most leading IR business within the Asian market has almost been completed as the first phase,\u201d Universal said.<\/p>\n\n\n\n
\u201cGoing forward, in addition to plans to develop condominiums and other forms of real estate, we also have plans to collaborate with businesses with which we expect to have a synergy and entice major brand hotels.\u201d<\/p>\n\n\n\n
Universal also explained its broader IR vision to Duterte, confirming that it is \u201cpushing forward with plans in the medical field in the form of an advanced clinical testing and medical care center with the implementation of the world\u2019s cutting-edge testing and medical equipment in the field.\u201d<\/p>\n\n\n\n
An IR is \u201cnot just a simple casino business,\u201d the company said. \u201cRather, it is a continually-expanding, integrated operation unified with peripheral development endeavors that uses a casino and other forms of large-scale entertainment as a base to elevate the value-added of the local area and city in question through promoting the high-end branding of dining and shopping as well as to bring in wide-ranging services from art and culture to advanced medical services.\u201d
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Universal Entertainment met president Duterte and revealed plans for reaching an expansion based on the attraction of major brands.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Universal Entertainment, parent company of Okada Manila, met with Philippines President Duterte to detail Phase 1 completion and unveil extensive Phase 2 expansion plans. These plans include attracting major international hotel brands, developing condominiums and other real estate, and diversifying into advanced medical services, underscoring a broader integrated resort vision beyond traditional casino operations.","focusai_entities":"Universal Entertainment, Entertainment City, Okada Manila, Jun Fujimoto, Rodrigo Duterte","focusai_location":"Philippines, Paranaque, Malaca\u00f1ang Palace","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), operator_casino (0.9), marketing_crm (0.7), investor_analyst (0.95), supplier_vendor (0.85), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Capital Allocation Strategy","query":"What is the projected capital expenditure for Okada Manila's Phase 2 expansion, and how will the diversification into real estate and medical services impact the overall return on invested capital (ROIC) compared to traditional gaming verticals?"},{"label":"Regulatory Framework Impact","query":"How might the expansion into non-gaming verticals like advanced medical care and residential real estate within an IR framework necessitate adjustments to existing regulatory compliance and governance structures in the Philippines?"}],"footnotes":""},"categories":[160,157,16333],"tags":[1428,128,2131],"class_list":["post-1363","post","type-post","status-publish","format-standard","hentry","category-asia-pacific","category-business-news","category-south-east-asia-news","tag-manila","tag-philippines","tag-resort"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/1363","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=1363"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/1363\/revisions"}],"predecessor-version":[{"id":1399,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/1363\/revisions\/1399"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=1363"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=1363"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=1363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}