Manila Bay Resorts is nearing its completion, and Japanese billionaire Kazuo Okada is finally gearing up to open the doors of his $2 billion casino venture in the Philippines.
In fact, Manila Standard Today reported invitations were already delivered ahead of the topping off ceremony on July 30.
The 44-hectare casino and entertainment complex project, located within Pagcor Entertainment City in Manila, had faced delays that prompted Philippine regulators to slap Okada’s Universal Entertainment, through its Philippine subsidiary Tiger Resorts Leisure and Entertainment, with a $2.2 million fine.
Japan-based Universal was also embroiled in serious legal investigations following suspicions that Tiger had funneled $40 million in payments to former executives at Philippine gaming regulator PAGCOR.