Philippines Report

Why Japanese billionaire Okada invested in Philippines

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.

 

okada invested in the philippines

“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.

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