The group of Japanese casino mogul Kazuo Okada is apparently window shopping for publicly listed companies in the Philippines in preparation for its Philippine bourse debut.

Citing several industry sources, The Philippine Daily Inquirer reported that Okada’s local representatives looked at three, publicly-listed firms to take over for the prospective backdoor listing of Tiger Resort, Leisure & Entertainment Inc.

Tiger is the operator of $2.4-billion integrated gaming resort business Okada Manila.

In May, market insiders speculated that Okada had been targeting Chemical Industries of the Philippines (CIP) and LMG Chemical Corp. CIP, which is the principal shareholder of LMG, is reportedly selling 65.92 percent of its shareholdings in the company.