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Casino
June 2, 2022
PAGCOR Interested in Okada Manila Operation Continuation Only
The Philippine Amusement and Gaming Corporation (PAGCOR) performed a U-turn on its official position with regard to the takeover of Okada Manila by a group close to Kazuo Okada just a day after it was adamant to launch an investigation into the matter. ‘Corporate Squabble between Contending Shareholders’ Following the news of the takeover of […]
Casino
June 1, 2022
PAGCOR to Investigate Alleged Hostile Takeover of Okada Manila
A recent incident at casino resort Okada Manila involving an on-site confrontation and accusations of violence led to an investigation by the Philippine gaming authorities. The event happened after a group linked to the casino’s former chairman, Kazuo Okada, reportedly forced their way into the resort. A Revenge Story in the Making The chain of […]
Casino
April 18, 2022
Okada Manila Goes Ahead with Early Online Gambling Launch
The Philippines once shunned interactive gambling, but the country realized how useful the additional revenue can be in the absence of tourists and land-based gambling. While some still fear the social ills brought on by expanding online gambling would far outweigh any gains, the short-term seems to be reassuring for the country. This is why […]
Business
December 9, 2021
Okada Manila IR Operator Changed Name Ahead of NASDAQ Listing
The global trend of rebranding did not pass by integrated casino resort operators after Okada Manila International, Inc., owner of the largest integrated resort in the Philippines. Okada Manila, announced today a corporate name change to “UE Resorts International, Inc.” New Chapter, New Name The new business entity UE Resorts International will continue on the […]
Business
October 18, 2021
Okada Manila Ready to Land on NASDAQ
Okada Manila is ready to be seen on NASDAQ. The company is launching on the exchange through a convoluted merger with a special purpose acquisition company (SPAC), 26 Capital Acquisition Corp., and, provided everything goes according to plan, the new company will have a total equity value of $2.5 billion. Okada Manila Hits NASDAQ According […]
Casino
December 6, 2020
Okada Manila Warns the Public of Unauthorized Room Sales
Okada Manila casino resort issued advisory notes to warn customers of unauthorized third parties sales, the Asian-Pacific media GGRAsia reports. The gaming complex located on the Entertainment City strip in Parañaque, Metro Manila, in the Philippines said that, besides trying to sell rooms at the resort, unauthorized parties attempted to sell fake Okada Manila-branded scents. […]
Legal
November 7, 2020
PAGCOR Approves Solaire Resort and Casino for Online Bets
Gaming regulatory body in the Philippines approved one application from a land-based casino operator to accept bets online, with another two applications currently reviewed, in a latest attempt to help operators offset the coronavirus impact on the business, Bloomberg reports. Land-Based Casino Will Accept Online Bets The Philippines Amusement and Gaming Corp (PAGCOR) authorized Solaire […]