Despite a recent dispute with a potential part-owner, Kazuo Okada says his Manila Bay casino in the Philippines will open as scheduled in the third quarter of next year.
Okada’s Universal Entertainment terminated its agreement with Philippine land partner Century Properties Group last week, prompting Century to sue Universal.
Universal is refuting Century’s claims that the termination was unfounded, saying its agreement with Century was with three parties, one of which pulled out, forcing Universal to stop negotiations.
This all comes as the Philippine’s top gaming regulator Cristino Naguiat has said allegations and lawsuits involving Okada need to be settled at the risk of the casino being cancelled, whether it’s built or not.
The $2bn casino is being developed by Universal Entertainment’s Philippine subsidiary Tiger Resorts.
Source: Fantini’s Gaming Report
