Universal Entertainment announces IPO for Okada Manila operator

To raise the name recognition of Okada Manila, Japanese gaming conglomerate Universal Entertainment Corp. is planning to list Tiger Resort, Leisure, and Entertainment, Inc. (TRLEI) in a stock market in the near future to raise.

Universal announced its future plans for Okada Manila on Monday as it reported its first quarter earnings. However, the Japan-based company did not mention where it plans to list TRLEI.

The firm initially considered a backdoor listing for TRLEI when Japanese casino mogul Kazuo Okada was still the chairman of Universal. In October 2017, it was reported that Universal considered at least three   publicly listed companies in the Philippines into which they could infuse the business of Okada Manila.

“The Universal Entertainment Group is preparing to take public Tiger Resort, Leisure and Entertainment, Inc., the core company in the Group’s Casino Resort Business, in about two years to accelerate its growth and raise its name recognition,” Universal said in a statement.