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| ISSUE 93 - Jan 2012 |
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Okada breaks ground on Manila casino
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Posted: 1/27/2012 3:40:41 PM
Kazuo Okada, long time business associate and the biggest shareholder of Wynn Resorts, broke ground yesterday on a US$2 billion (MOP16 billion) casino resort in the Philippines.
Mr Okada filed a lawsuit in Nevada earlier this month alleging he was blocked by Mr. Wynn from seeing the company’s financial records after he objected to a US$135 million donation to the University of Macau.
According to a Dow Jones Newswire, the new resort will generate around 15,000 jobs and cater to Asian markets, mainly that of China, South Korea, Japan, Singapore and Hong Kong.
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| Other Macau Latest News |
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| Philippines’ gaming regulator says Galaxy Entertainment is also looking to invest in the city |
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| A construction worker at Sands Cotai Central was found dead after a work accident |
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| Macau operations reported an operating profit of HK$42 million |
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| Launched in 2010, the property’s occupancy rate now stands at 70 percent |
| Headlines |
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| Lawsuit was filed on Tuesday in Las Vegas |
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| Gaming Inspection and Coordination Bureau asks Wynn Macau for more details about compulsive buyout |
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| Wynn Resorts buys out its largest shareholder and asks him to quit the board of directors |
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| Home sales dropped by 4.5 percent to below 17,200 |
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| US |
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| DJIA |
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| Nasdaq |
2,932.87 |
-15.70 |
| S&P 500 |
1,357.39 |
-4.82 |
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| Europe |
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| DJ Stoxx 50 |
2,519.00 |
-22.60 |
| DAX |
6,843.87 |
-64.31 |
| FTSE 100 |
5,916.55 |
-11.65 |
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| Asia |
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| Nikkei 225 |
9,554.00 |
+90.98 |
| Hang Seng |
21,549.28 |
+70.559 |
| STRAITS TIMES INDEX |
2,995.59 |
-29.48 |
| S&P/ASX 200 |
4,293.10 |
0.000 |
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| 2012-2-22 |  | | 18°C ~ 23°C |
| | 2012-2-23 |  | | 16°C ~ 21°C |
| | 2012-2-24 | | | 16°C ~ 19°C |
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[...] Macau Business [...]
Pingback by Construction Starts on Manila Casino – Wall Street Journal | Bingo 31 — January 27, 2012 @ 5:44 pm
[...] Macau Business [...]
Pingback by Okada breaks ground on Manila casino – Macau Business | Philippines – iWooho.com — January 27, 2012 @ 10:13 pm