Drone video by Val Cuenca, ABS-CBN News
Japanese tycoon Kazuo Okada’s casino in the Philippines unveiled on Friday night what it describes as "the world’s biggest multicolor dancing fountain".
Okada Manila hopes to drive foot traffic on a weekend day to 50,000 from the current 10,000 after the fountain is opened to the public.
The newest casino-resort on Entertainment City, the Philippines’ challenge to Las Vegas and Macau, will help build a “critical mass” and grow the market, contrary to analysts' concerns, Okada Manila managing director Steve Wolstenholme earlier said.
The resort hopes to attract more of the Japanese market, capitalize on the slump in Macau while building new markets in Malaysia and Indonesia, Wolstenholme told ANC’s “Market Edge with Cathy Yang.”
Wolstenholme said Okada Manila would benefit from the government’s campaign to attract more foreign tourists while rebuilding the country’s transportation networks.
Okada Manila is one of four billion-dollar casinos on Entertainment City. Bloomberry Resorts operates Solaire while the SM group’s Belle Corp and Melco Crown operate City of Dreams.