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PAGCOR to lay off 665 workers from Manila’s New Coast Hotel as Hong Kong’s IEC prepares to take over casino ops: report

January 19, 2024 - Philippines gaming regulator PAGCOR will lay off 665 workers from its casino at Malate’s New Coast Hotel Manila when it hands over control to the hotel’s owner, Hong Kong-listed International... Read more »

Cash-strapped Philippine tycoon ropes in Okada Manila owner to finish stalled Cebu Casino project

December 13, 2023 - PH Resorts Group Holdings—controlled by Davao-based businessman Dennis Uy—said it has agreed to sell a majority stake in its stalled casino resort project in the central Philippine island of Cebu... Read more »

Okada Manila takeover saga ends as Supreme Court lifts Status Quo Ante Order, rules Kazuo Okada “properly removed” from company

November 27, 2023 - A 2022 court order that led to a forced takeover of Philippines integrated resort Okada Manila by a group representing its ousted founder has been lifted by the Supreme Court.... Read more »

Morgan Stanley: Solaire likely lost Manila market share to Okada in 3Q23

October 16, 2023 - Bloomberry Resorts has yet to release its financial results for the three months to 30 September 2023, but investment bank Morgan Stanley expects the company’s Manila integrated resort, Solaire, to... Read more »

U.S. judge says no requirement for Okada Manila SPAC merger to proceed

September 8, 2023 - A US court has ruled that the operating entity of Philippines integrated resort Okada Manila will not be required to complete a previously planned SPAC merger with Jason Ader’s 26... Read more »

Okada Manila reports 36% year-on-year increase in GGR to $208 million in 2Q23

July 14, 2023 - Tiger Resort, Leisure and Entertainment Inc (TRLEI), the operating entity of Philippines integrated resort Okada Manila, has reported gross gaming revenue of Php11.3 billion (US$208 million) for the three months... Read more »

Philippines industry GGR hits US$1.24 billion in Q1 on strong growth from Manila, Clark IRs

May 11, 2023 - Licensed casinos in the Philippines, which include integrated resorts in Manila’s Entertainment City and the Clark Freeport Zone, generated gross gaming revenues of Php54.2 billion (US$973 million) in 1Q23 –... Read more »

Okada Manila maintains positive momentum in 1Q23 as GGR climbs to US$209 million

April 13, 2023 - Philippines integrated resort Okada Manila has continued its strong recovery trajectory into 2023, with gross gaming revenue reaching Php11.6 billion (US$209 million) for the three months to 31 March, up... Read more »

Universal Entertainment Corp says affiliate now planning to develop land near Okada Manila following collapsed sale

March 24, 2023 - Japan’s Universal Entertainment Corp (UEC) said Thursday that an equity-method affiliate that owns a 9.4-hectare parcel of land alongside its Philippines integrated resort Okada Manila now plans to develop the... Read more »

Okada Manila parents looking to terminate merger agreement for US listing

March 20, 2023 - The operating entities of Philippines integrated resort Okada Manila have filed a series of counterclaims against US-based SPAC firm 26 Capital Acquisition Corp, seeking to terminate a previously planned merger... Read more »