The $2.4 billion integrated casino known as Okada Manila is prepared to open in just a few weeks on 21 December. The venue is owned by businessman Antonio Cojuangco and Japanese business mogul Kazuo Okada. It was during an interview during the Pilipinas Conference at the Manila Peninsula that Cojuangco announced the gaming and entertainment venue was on schedule to open this month after being delayed a month, on the 21st.
In November, Universal Entertainment Corp., a company owned by Okada, was able to raise an additional $200 million from issuing privately-placed notes to help fund the construction as well as pay for cost of operation for Okada Manila to open in the Philippines. Over 18,000 individuals are still on site at the venue to ensure that the project is completed on schedule.
When Okada Manila opens, the world class resort will become the third integrated casino and resort to operate in Entertainment City which is located in Paranaque. The complex will include a hotel with two wings that houses just over 990 guest rooms. Guests can choose from deluxe rooms or enjoy a villa with 1,400 sqm of space. Each room features views of the fountain onsite or the Manila Bay.
On the gaming floor, guests will find 26,000 sqm of space with as many as 500 table games and 3,000 electronic gaming machines. The complex is ready to offer 21 outlets for dining and drinking, serving options that range from casual to fine dining. The dancing fountain of Okada Manila is a centerpiece of the property and said to be one that will rival the best fountains in Las Vegas as well as Dubai. The fountain will actually include a 360 degree immersive water projection which is the first of its kind in the world.
The new project was supposed to be completed by November but construction began to lag due to weather conditions that were worse than expected.