Tiger Resort gambling and entertainment will be released to the stock market
This week, operators of the Tiger Resort gambling, which owns the Okada Manila casino, told the Philippine media about the decision to enter the stock exchange to improve their financial position.
According to Universal Entertainment, the Philippine casino company will release its shares on the market next year.
"Casino sales continue to grow. Okada will strengthen international marketing, open sales offices in new countries and increase the level of service to attract more VIP-players," - the company's representatives said.
Earlier this year, Filipino prosecutors Paranhyake and Makati dismissed Kazuo Okada of fraud and giving false testimony in the absence of evidence. Tiger Resorts Leisure and Entertainment filed a complaint stating that the CEO made false accusations against the company.
As previously reported, the profits of the Philippine casino resort Okada Manila in 2018 decreased due to operating losses.
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