Wednesday, December 12, 2012

Gokongwei & Okada up for Manila Casino project

The Manila Bay Resorts at the Entertainment City will be developed by Tycoon John Gokongwei Jr. partnering with Japanese billionaire Kazuo Okada. Under the initial agreement, Robinsons Land will acquire a minority stake in Tiger Resorts, Leisure and Entertainment Inc. and majority stake in Eagle I Land Holdings Inc.

The final agreement is set to conclude on January 31, 2013. The said magnificent resort will have hotels, restaurants, commercial facilities, a budget hotel, residences, Vegas-style water fountain and an enormous indoor pool with real sand beach covered by a huge glass dome.

Okada's company sues Reuters over PH payments reports 
Philippine fixer paid $30-M by Okada's Universal -- sources 
Gov't may cancel Okada's casino license if bribery proven 
Shares in Okada's firm fall to 9-month low as US probes PH 'payments' 
PH payments give US casino regulators new focus in Wynn-Okada feud


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