Manila Bay Resorts

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    Manila Bay Resorts on track for December opening

    Kazuo Okada’s Manila Bay Resorts is on track to open by year end, local media reports. Tiger Resort president Steve Wolstenholme recently commented that the company remains confident about the opportunities in the country despite being the third player to open a gaming facility in Entertainment City. “The investment is on time. We will open […]

    Tiger Resorts takes out US$800 mln loan

    Philippines-based Tiger Resort Leisure and Entertainment Inc received a PHP 37.6 billion (US$809.9 million) loan to partially finance costs for the Manila Bay Resorts casino resort. The announcement was made in a results filing from its parent company, Japan’s Universal Entertainment Corp on Friday. According to the filing, the lender is BDO Unibank, who executed […]

    Bloomberry chairman warns of oversupply

    Enrique Razon Jr. has warned of an oversupply of casinos in the Manila Bay area, with two more gaming complexes scheduled to open in the next two years, The Inquirer reports. “It’s too many, too fast,” said Razon, chairman of Bloomberry Resorts Corp. on the sidelines of the International Container Terminal Services Inc. annual general […]

    Universal Entertainment Corp expects 8.6 percent decline in profit in 2015

    Japan’s Universal Entertainment Corp has announced it expects to record an 8.6 decline in profit in the fiscal year ending Mar. 31 at JPY9.3 billion (US$81.9 million),  according to a recent announcement. The company, which is currently investing in the Manila Bay Resorts casino development in the Philippines, is run by gaming entrepreneur Kazuo Okada […]