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Okada Manila Opens New Rooms as July Revenue Jumps

Universal Entertainment said Okada Manila is opening more hotel rooms to accommodate visitors as its July revenue spiked 48% from the prior year.

Universal Debuts Slot Innovations Including Multi-Currency

Japan’s Universal Entertainment announced it has introduced two major innovations for slot machines, including a multi-currency option, with both being deployed at its Okada Manila property in the Philippines.

Okada Manila Gaming Revenues Up 26% in June

Okada Manila saw a 26% year-on-year increase in gross gaming revenue for the month of June, reaching 3 billion pisos (about US$60 million).

Okada Manila VIP Revenue Falls 37.7% in May

Philippines IR Okada Manila saw gross gaming revenue fall 6.7% year-on-year in May, due mainly to a sharp fall in VIP table game revenue.

Melco Philippines Delists from Stock Exchange

Melco Resorts and Entertainment Philippines is set to automatically delist from the Philippine Stock exchange today after falling below the minimum threshold of public ownership for more than six months.

Kazuo Okada Fires Back Against Tiger Resort Officials

Embattled gaming mogul Kazuo Okada has fired back against officials of Tiger Resort Leisure and Entertainment Inc., accusing them of conspiring to remove him from his own company, local media reports.

Kazuo Okada Maintains Innocence as Philippine Court Reaffirms Arrest Warrant

Kazuo Okada has vowed to make use of all legal options to fight an arrest warrant laid against himself and the former president of Okada Manila, Takahiro Usui, in relation to fraud allegations, local media reports.

Okada Manila April Gaming Revenue Gains 26%

Tiger Resort, Leisure & Entertainment, the company that operates Okada Manila, said the integrated resort generated a 26% gain in gross gaming revenue in April.

Bloomberry Net Profit Shrinks 40% in January-March 2019 Period

Bloomberry Resorts, the operator of the Solaire Resort & Casino in Manila, saw its consolidated net income plunge by 40% in the first quarter of 2018 due to lower foreign exchange gains, higher interest expenses, and weaker gaming revenues.

Okada Manila Reports US$56 Million Operating Loss in 2018

Universal Entertainment’s flagship integrated resort business, Okada Manila, reported a narrowed operating loss of 6.2 billion yen (about US$56 million) in 2018, helped by higher net sales, and “extremely high” occupancy rate during the year.

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Philippines Casino Gaming Revenue Up 22.9% in 2018

Philippines casinos posted 187.5 billion pisos (about US$3.6 billion) in casino GGR in 2018, increasing 22.9 percent year-on-year, according to the latest data from the Philippines gaming regulator.

Sheldon Adelson Battling Cancer

It has been revealed that Las Vegas Sands Chairman and CEO Sheldon Adelson is undergoing treatment for a form of blood cancer, throwing a dark shadow across his casino empire, including in Asia.

Iwate Racing Resumes With Steroids Mystery Unsolved

Despite five cases of steroids detection in its racehorses last year, and the source of the scandal still unrevealed, the Iwate Prefectural Horse Racing Association (Iwate Keiba) opened its new season this weekend.

Scott Winzeler Appointed Chairman and CEO of Sega Sammy Creation USA

Scott Winzeler has been appointed chairman of Sega Sammy Creation USA, the wholly-owned Las Vegas-based subsidiary of the Japanese gaming machine company Sega Sammy Creation.

Hokkaido Tourism Chief Supports IR Development and a Tourist Tax

Hokkaido Tourism Organization Chairman Yoshihiro Sekihachi made clear in recent statements to the Nihon Keizai Shinbun that he supports two specific measures to stimulate the growth of tourism: the development of an IR within the prefecture and instituting a special tourist tax.