Okada Manila is on solid ground. According to a report by Fitch Ratings from last week, the Philippines-based resort “has good potential to establish itself as a leading integrated resort (IR).” The company further emphasized the “scale and high-end focus” of the resort as being contributing factors to its conclusion.

The IR, which is being led by Universal Entertainment Corp., received a “B+” rating by Fitch, in part based on Universal’s “strong market position” in the casino industry. The ratings company added that the ramp-up of the IR is “well under way” and that construction should be completed by the end of the third quarter next year.

The firm added that the Philippines should expect single-digit gross gaming revenue (GGR) growth next year, which will boost high-end casinos and junkets. It asserted, “As the largest IR in Entertainment City, the Okada Manila is well-positioned to benefit from these positive dynamics.”

Okada Manila is located in Entertainment City, an area in Manila designated as a casino zone. It was patterned after the Cotai district in Macau, which has been extremely successful, and now boasts of three casino resorts – City of Dream Manila, which is owned and operated by Melco Resorts and Entertainment, Okada Manila and the Solaire Resort and Casino, which is owned by Philippines-based Bloomberry Resorts.