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Okada’s first hotel nears completion

Japanese billionaire Kazuo Okada is now ready to give the public a glimpse of his $2-billion integrated casino and entertainment complex called Manila Bay Resorts within Pagcor Entertainment City in Parañaque.

Invitations have been sent for the topping-off ceremony of Okada-led Tiger Resorts, Leisure and Entertainment Inc.’s first hotel development on July 30.

The casino development had faced some delays, which forced state-owned Philippine Amusement and Gaming Corp. to threaten the confiscation of the P100-million guarantee to ensure that the project is progressing well.

The invitation didn’t say if Mr. Okada or local partner Antonio Cojuangco would grace the event. Okada has been frequently visiting the country to get first-hand update on his casino venture in the Philippines.

The 44-hectare Manila Bay Resorts is envisioned to be a world-class casino resort complex boasting of luxurious hotels, classy restaurants, commercial facilities, hotels, residences, Vegas-style water fountains and an enormous indoor pool with real sand beach covered by a huge glass dome.

The casino project will have three hotels with a total of 2,000 rooms. The gaming component of the project involves 30,000 square meters of space offering 3,000 slot machines and 500 gaming tables.

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