Okada Manila to open with fewer than 500 tables: CLSA

Okada Manila will likely open with fewer than 500 tables, said CLSA analyst Marcus Liu at a conference in Macau on Wednesday.

The $2 billion integrated resort from Tiger Resorts Leisure and Entertainment Inc. is scheduled to open by the end of December.

“The property can put gaming in the Philippines firmly on the regional gaming map,” said Liu.

The CLSA analyst also suggested that the operator may benefit from opening later than the December deadline.

Instead, “they should open Q1 or Q2 next year,” he said. “There will likely be a period of adjustment as the market absorbs the additional capacity but [we] expect the property to grow the sector over the medium to longer term.” he noted.

The first phase of the project will include a casino floor, two hotel wings, nightclub and beach club, retail area, restaurants and an iconic fountain.

The resort is claimed to be one of the largest in the world.