Okada Manila opening delayed
The new casino will be delayed by a month due to government policies and unfavorable economic situation.
Philippines.- Japan’s Universal Entertainment will delay the opening of its US$2.4 billion casino project, and will open its doors to the public on December 21. Although the date is being pushed, and affected by worse-than-expected weather conditions, Okada Manila has not markedly lagged behind the original plan.
The company’s Philippine subsidiary, Tiger Resort, said in a statement that in view of policy actions by the Philippine government and the economic environment in the near-term, they’re in the process of carefully considering the optimal timing for opening the facility towards delivering maximised shareholder value. Steve Wolstenholme, Tiger Resort’s President, said construction is 85 percent complete.
Okada Manila will feature a casino floor with 500 gaming tables and more than 3,000 slots machines. it will be the largest integrated resort to open doors in the Philippines. The complex is part of a major project introduced by the country’s government several years ago.