Tag Archives: Universal Entertainment Corp.
- PHL Bank okays Okada’s $800M loan for Manila Bay Resorts
May 18, 2016
PHL Bank okays Okada’s $800 M loan for Manila Bay Resorts Universal Entertainment Inc. has injected an additional P37.6 billion ($809.51 million) into its Manila Bay Resorts project, which is expected to be launched by December 2016. In a disclosure to the Singapore Stock Exchange last Friday, Universal announced that...
- Universal, PHL partner to build opera house, office towers next
July 31, 2015
Japanese gaming firm Universal Entertainment Corp. and its Philippine partner are eyeing the next phase of construction for the $2 billion Manila Bay Resorts project, which is set to open in 2016. Kazuo Okada’s Universal Entertainment Corp. is on a roll. The Japanese gaming firm and its Philippine partner are...
- Century Properties extends olive branch to Okada group
September 4, 2014
Philippine real estate developer Century Properties Group Inc. is open to settling a partnership dispute with Universal Entertainment Corp., a company controlled by billionaire Kazuo Okada. In March, Universal Entertainment Philippines subsidiaries—Eagle I Landholdings Inc., Eagle II Holdco Inc. and Brontia Limited—terminated an agreement over a $2 billion integrated resort...
- Department of Justice intervenes in Okada v. Wynn civil suit
April 10, 2013
The Nevada court fight between Wynn Resorts and its former number one shareholder Kazuo Okada got thrown a wobbler on Tuesday with the news that the US Department of Justice has filed a motion to intervene in the case. Bloomberg’s Edvard Pettersson reported that the DoJ is seeking to halt...
- Macau’s January 2013 revenues up 7.3 percent; Okada, Gokongwei extend talks
February 1, 2013
January 2013 is officially in the books and for the month, Macau's gambling revenue reached 26.9 billion patacas ($3.4 billion), a number that represents a 7.3-percent improvement from their previous performance in the same time last year. The robust returns could be attributed to the return of Chinese bettors who...
- Universal Entertainment taps independent panel to investigate Philippine reports
January 9, 2013
Universal Entertainment spent the latter part of 2012 on the defensive after allegations that the casino operator made illegal payments to a Pagcor associate in the Philippines regarding the operator's casino project in the country. Well, it didn't take long for Universal to open the new year with bats swinging,...
Okada Manila eyes Philippine backdoor listing
May 2, 2017