Articles About Manila Bay

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Why Did Universal Japanese Office Pay $40 Million to Philippine’s Regulating Body’s Associate?

Why Did Universal Japanese Office Pay $40 Million to Philippine’s Regulating Body’s Associate?

Phyllis F. April 3, 2015 03:22:25

Universal Entertainment Corp, which has its headquarters in Tokyo, has recently been the object of a FBI bribery investigation. Japan’s tax authorities have started to investigate the circumstances under which a $40 million payment, made in 2010, by slot machine maker and casino developer Universal Entertainment ,to a business partner of Philippines’ top gambling regulator, […]

$2 Billion Philippine Casino Project Surrounded by Uncertainty

$2 Billion Philippine Casino Project Surrounded by Uncertainty

Staff June 30, 2014 17:27:29

Despite the construction being almost completed, the casino cannot open its doors until Okada finds a local business partner. Japanese tycoon Kazuo Okada is parading his $2 billion mega casino project, but is yet to find a business partner for his investment. As recent gambling news have reported, his company is in talks with several […]

$2 Billion Philippine Casino Project Surrounded by Uncertainty

$2 Billion Philippine Casino Project Surrounded by Uncertainty

Monica E. June 30, 2014 17:27:29

Despite the construction being almost completed, the casino cannot open its doors until Okada finds a local business partner. Japanese tycoon Kazuo Okada is parading his $2 billion mega casino project, but is yet to find a business partner for his investment. As recent gambling news have reported, his company is in talks with several […]

Solaire Operates For One Year But Still Keeps Philippines Gambling Hopes Vague

Solaire Operates For One Year But Still Keeps Philippines Gambling Hopes Vague

Iva P. April 26, 2014 12:24:01

Philippines is striving to be one of the gambling rulers in Asia and the Solaire Resorts and Casino are trying to help this dream come true. The luxurious complex began its operation in 2013 and just recently completed the next phase of its development, part of the billion dollars four planned integrated resorts of the […]

Who is Kazuo Okada and why is He So Important to Asian Gambling?

Who is Kazuo Okada and why is He So Important to Asian Gambling?

Rab April 3, 2014 14:53:13

Kazuo Okada is an interesting man; he’s very well respected and experienced in the gambling and casino industry, oh and he’s also the twentieth richest man in Japan. Kazuo Okada, and his company the Okada Group, have been featured numerous times in gambling news. recently due to his disputed termination of a contractual agreement with […]

Bloomberry to Expand Solaire Resort and Casino in Manila

Bloomberry to Expand Solaire Resort and Casino in Manila

Monica E. February 14, 2014 13:59:27

The Solaire hotel in Manila will get an extra 300 rooms and the resort’s casino will have more slot machines and tables. Bloomberry Resorts Corporation is not giving up its plans to expand the Solaire Manila casino. Company representatives announced they have succeeded in raising another P11.425 billion (about $250 million) for the project. “The […]

Filipino Gambling Profits Lower than Expected

Filipino Gambling Profits Lower than Expected

Monica E. January 30, 2014 11:51:38

While 2013 was a slow year for gambling, PAGCOR is expecting higher revenues this year. The Philippine Amusement and Gaming Corporation (PAGCOR) has published its final figures for 2013 and the results are disappointing. The state-run gambling company and regulator has earned PHP 40.52 billion in 2013 and while this makes it the country’s third […]

Filipino Gambling Authority Predicts Profit Increase for 2014

Filipino Gambling Authority Predicts Profit Increase for 2014

Monica E. January 17, 2014 18:07:24

City of Dreams Manila is expected to bring in significant profits for the Filipino state. The Asian gambling market is continuing to develop, with several new casino projects expected to be implemented this year. Basing its calculations on projections of increased gambling revenues and regulatory fees, the Philippine Amusement and Gaming Corporation (PAGCOR) is estimating […]