Universal Entertainment has seen positive numbers from its casino operations in the Asian continent.
Philippines.- The Japanese gaming company Universal Entertainment Corp. “plans to seek a stock market listing for the company that controls its Okada Manila property within the next two years as it positions for further growth,” as revealed by the international press yesterday morning when the company published its economic projects for this year.
The Japan-listed conglomerate expects the Philippine industry to expand this year and has announced its plans to upgrade and expand Okada Manila’s complete offering. The company said in its latest financial information that it will improve the venue’s casino, hotel, entertainment, food & beverage and several different aspects to try and get an edge over its competitors. Therefore, it expects to draw more tourism from all around Asia, which is why “adding more guest rooms is the highest priority of Okada Manila.”
The resort, which is expected to be completed by December 2019, is located at the Philippine Amusement and Gaming Corporation’s Entertainment City gaming zone. According to brokerage Morgan Stanley, Okada Manila’s share of Manila integrated resort GGR is expected to grow from 10 to 22 per cent in 2018.