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Philippine casinos to overtake Singapore's: Okada

Japanese tycoon counting on more China tourists visiting his upcoming resort, which will be Manila's biggest

Published Thu, Dec 22, 2016 · 09:50 PM
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Manila

UNIVERSAL Entertainment Corp chairman Kazuo Okada said the Philippine gaming market could soon surpass Singapore's, as improved ties with China promise more tourists and raise the prospects for his upcoming US$2.4 billion casino.

The Japanese gaming tycoon said in Manila on Wednesday that Philippine President Rodrigo Duterte's move to thaw relations with China, as well as his efforts to fight drugs and crime, will increase the number of Chinese visitors. At the same time, he sounded a note of caution about jumping into the world's newest casino market in Japan due to its ageing population.

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