{"id":777003659,"date":"2023-03-24T12:45:42","date_gmt":"2023-03-24T15:45:42","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777003659"},"modified":"2026-04-22T23:27:00","modified_gmt":"2026-04-23T02:27:00","slug":"universal-entertainment-plans-to-develop-land-near-okada-manila","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/universal-entertainment-plans-to-develop-land-near-okada-manila","title":{"rendered":"Universal Entertainment plans to develop land near Okada Manila"},"content":{"rendered":"\n<p>The land will be developed by the subsidiary Eagle 1.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>The Philippines.-&nbsp;<strong>Universal Entertainment Corp<\/strong>&nbsp;has announced its affiliated company <strong>Eagle 1 Landholdings <\/strong>plans to develop land near the Okada Manila casino resort in the Philippine capital. The company had previously said it planned real estate developments and to collaborate with third parties to attract major brand hotels to the Philippine market.&nbsp;<\/p>\n\n\n\n<p>Universal has a 40 per cent stake in Eagle 1. Its subsidiary <strong>Tiger Resort, Leisure and Entertainment<\/strong> (TRLE), which runs Okada Manila, has cancelled its land lease contracts with Eagle I for a 6.1-hectare portion of land to allow the 9.4-hectare development.<\/p>\n\n\n\n<p>As a result of the cancellation of the land lease, the company raised its full-year net income forecast to JPY20.00bn (US$152.9m) from JPY10.00 billion, citing cost savings linked to the rental contract cancellation and other factors connected to the land lease.<\/p>\n\n\n\n<p>In 2022, the Japanese conglomerate&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/universal-entertainment-posts-net-profit-of-us86-6m-for-2022\" rel=\"noreferrer noopener\">recorded a net profit of almost JPY11.51bn<\/a>&nbsp;on group-wide sales of just under JPY141.00bn, up 55.9 per cent year-on-year, compared to a JPY19.05bn loss in 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The land will be developed by the subsidiary Eagle 1.<\/p>\n","protected":false},"author":176,"featured_media":16856,"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 Corp's affiliate, Eagle 1 Landholdings, is set to develop a 9.4-hectare parcel adjacent to Okada Manila in the Philippines, following the strategic cancellation of a 6.1-hectare land lease by its subsidiary, TRLE. This move, intended to attract major brand hotels, has prompted Universal to revise its full-year net income forecast upwards to JPY20.00bn, citing substantial cost efficiencies from the lease termination.","focusai_entities":"Universal Entertainment Corp, Eagle 1 Landholdings, Tiger Resort, Leisure and Entertainment (TRLE), Okada Manila","focusai_location":"Philippines, Philippine capital","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.85), operator_casino (0.9), investor_analyst (0.95), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Development Timeline & CAPEX","query":"What is the projected timeline and capital expenditure for Eagle 1's 9.4-hectare development, and what are the anticipated financing mechanisms for this significant asset expansion?"},{"label":"Integration & Verticals","query":"How will the new land development integrate operationally with the existing Okada Manila resort, and what specific gaming or non-gaming verticals are being prioritized to enhance the overall GGR and NGR?"}],"footnotes":""},"categories":[157,16333],"tags":[8986,23749],"class_list":["post-777003659","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-east-asia-news","tag-okada-manila","tag-universal-entertainment-corporation"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777003659","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\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777003659"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777003659\/revisions"}],"predecessor-version":[{"id":777003696,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777003659\/revisions\/777003696"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/16856"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777003659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777003659"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777003659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}