Why Japanese billionaire Okada invested in Philippines | ABS-CBN
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Why Japanese billionaire Okada invested in Philippines
Why Japanese billionaire Okada invested in Philippines
ABS-CBN News
Published Dec 22, 2016 07:54 AM PHT
MANILA – Japanese casino tycoon Kazuo Okada said he bought land in the Philippines nearly a decade ago, seeing immense potential in what was then, Asia’s laggard economy.
MANILA – Japanese casino tycoon Kazuo Okada said he bought land in the Philippines nearly a decade ago, seeing immense potential in what was then, Asia’s laggard economy.
On Wednesday, Okada soft-opened a $2.4-billion plum-hued gaming resort in Entertainment City, Manila’s challenge to Las Vegas.
On Wednesday, Okada soft-opened a $2.4-billion plum-hued gaming resort in Entertainment City, Manila’s challenge to Las Vegas.
“There was a lot of potential for development and within those Asian countries was the Philippines, wherein they were located in the center of Southeast Asia and proximity wise it would be the best location,” Okada told ANC.
“There was a lot of potential for development and within those Asian countries was the Philippines, wherein they were located in the center of Southeast Asia and proximity wise it would be the best location,” Okada told ANC.
A new airport is “definitely a necessity” for the Philippines, with the potential to double or triple tourist arrivals, he said.
A new airport is “definitely a necessity” for the Philippines, with the potential to double or triple tourist arrivals, he said.
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