Manila Bay Resorts

Japanese firm Universal Entertainment Corp. has committed to invest US$2 billion for an entertainment and gaming complex called Manila Bay Resorts on the Bagong Nayong Pilipino Entertainment Complex in the reclaimed portion of Manila Bay.  Its Philippine unit, Tiger Resorts,Leisure and Entertainment Inc., said the plan is to build two luxury casino hotels with 450 and 650 rooms each.

However, the project became uncertain following reports that Wynn Resorts Ltd. bought out its Japanese investor, Kazuo Okada who controls Universal Entertainment, for extending cash and gifts worth US$110,000 to the Philippine Amusement and Gaming Corp. (Pagcor) officials.

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