Okada Manila casino resort will be the recipient of money raised from two exercises for disposal of treasury shares, according to an announcement by Universal Entertainment Corp (6425:Tokyo) on Thursday. In a filing to the Tokyo Stock Exchange, the company controlled by Japanese businessman Kazuo Okada said that its board had approved the disposal of its treasury shares in the amount of 5.5 million through an international offering outside of Japan. Also approved by Universal Entertainment Corp’s board was the […]

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In a recent filing with JASDAQ Securities Exchange, Universal Entertainment Corp (6425:Tokyo) said sales at the Okada Manila casino resort “are currently expanding on a daily basis,” according to the GGRAsia report. Details regarding growth rates or sales volume for the casino resort and hotel complex located at Pagcor’s Entertainment City in Parañaque, were not provided by the company controlled by Japanese businessman Kazuo Okada. The firm did, however, reportedly indicate that earnings of the recently opened $2.4 billion property […]

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