Okada is embroiled in a high-profile lawsuit against Wynn Resorts Ltd. after the company accused the Japanese tycoon of making improper payments to Philippine gambling regulators and forcibly redeemed his 20 percent stake in the casino operator in 2012. Okada has denied the allegations, and the suit is on-going.
Okada Manila will be the third casino resort to open in Entertainment City and the largest with over 26,000 square meters of gaming space. It will compete with a project by Philippine billionaire Enrique Razon’s Solaire, and City of Dreams Manila, a venture between Melco Crown Entertainment Ltd. and the Philippines’ richest man, Henry Sy. The fourth property, a project by Philippine billionaire Andrew Tan and Malaysian tycoon Lim Kok Thay, is expected to open in the fourth quarter of 2020.
Traffic at Okada Manila, which is built on 44 hectares facing Manila Bay’s sunset, will initially be a mix of 30 percent foreigners and 70 percent locals. The casino wants half of its clientele to be overseas visitors including Chinese, Japanese and Koreans after a year as the resort conducts marketing among travel agents and gambling promoters, Usui said.