Okada Manila International, Inc. Announces Corporate Name Change to UE Resorts International, Inc.
PR93566
MANILA, Philippines and TOKYO, Dec. 9, 2021 /PRNewswire=KYODO JBN/ --
- The name change underscores the corporation's commitment and focus on
driving growth opportunities and providing guests with a first-class experience
Okada Manila International, Inc., the anticipated holding company of Okada
Manila, one of the premier destination casino resorts in Asia and the largest
integrated resort in the Philippines, today announced that it has approved its
corporate name change to "UE Resorts International, Inc." The new name was
created to better reflect the corporation's expansion plans in Asia and other
countries around the world, including the U.S.
UE Resorts International, Inc. commits to supply superior value in gaming,
gaming technology, lodging and entertainment. As part of the name change, UE
Resorts International, Inc. will honor its commitment to utilize its prime
waterfront real estate in Entertainment City, Manila to drive consumers and
potential guests from across the globe to its luxurious Okada Manila integrated
resort in the Philippines.
"The transition to UE Resorts International, Inc. marks another milestone for
our business," said Byron Yip, President of UE Resorts International, Inc. "The
corporation continues to show it's taking advantage of its alluring destination
in one of the fastest-growing gaming markets in the world to stimulate revenue
while providing its guests with outstanding experiences."
In October, Okada Manila International, Inc. announced it entered into a merger
agreement with 26 Capital Acquisition Corporation (NASDAQ: ADER), a Miami-based
publicly traded special purpose acquisition company founded by renowned gaming
expert Jason Ader, to become a publicly traded company. The deal may provide up
to $275 million of cash to the business, and the transaction is expected to
close in the first half of 2022. The name change will accommodate this exciting
new chapter for the business entity as it continues to expand in the
Philippines and look outside its current market for additional opportunities.
"As the business continues to evolve, it was fitting to change the name," said
Jun Fujimoto, Chairman, President and CEO of Universal Entertainment
Corporation, the parent company of UE Resorts International, Inc., which,
through its wholly owned subsidiary Tiger Resort, Leisure and Entertainment,
Inc., operates the Okada Manila resort. "Our partnership with Jason Ader and 26
Capital was only the beginning of our plans. We have decided to change the
company name of Okada Manila International, Inc. to UE Resorts International,
Inc. to focus our combined efforts for the future growth and development of
Okada Manila and our ambitions to establish a presence in other countries
around the world."
At over 50 acres, Okada Manila includes approximately 35,000 square meters of
gaming space with the capacity to operate 599 gaming tables and 4,263
electronic gaming machines. When the current construction is complete in 2022,
the resort will have licensed capacity to operate 974 gaming tables and 6,890
electronic gaming machines. The property also includes two hotel towers with
993 luxury rooms, a retail boulevard with space for 50 shops, Cove Manila night
club and indoor beach club, over 25 dining options, and one of the world's
largest multicolor dancing and musical fountains.
To learn more about UE Resorts International's history and its premier
destinations, please visit: www.ueresortsinternational.com.
About UE Resorts International, Inc.
UE Resorts International, Inc. is the holding company of Okada Manila, the
premier casino and integrated resort in Entertainment City, Manila. Okada
Manila is the largest integrated resort in the Philippines and amongst the
largest in the world. Located in one of the fastest-growing gaming markets in
Asia, Okada Manila sits on over 50 acres of land, and upon final completion
will have licensed capacity to operate 974 gaming tables and 6,890 electronic
gaming machines and have 993 luxury hotel rooms.
About Universal Entertainment Corporation
Universal Entertainment Corporation (TSE: 6425) is a key player in the Asian
integrated resorts business through its ownership of the Okada Manila hotel and
casino. Universal Entertainment Corporation is also a leading manufacturer of
gaming machines in Japan where it designs, produces and distributes Pachinko
and Pachislot machines.
SOURCE 26 Capital
CONTACT: Robert Ford, 5W Public Relations, (646) 430-5164, rford@5wpr.com;
Laura Tyther, 5W Public Relations, (332) 237-6222, ltyther@5wpr.com
本プレスリリースは発表元が入力した原稿をそのまま掲載しております。また、プレスリリースへのお問い合わせは発表元に直接お願いいたします。
このプレスリリースには、報道機関向けの情報があります。
プレス会員登録を行うと、広報担当者の連絡先や、イベント・記者会見の情報など、報道機関だけに公開する情報が閲覧できるようになります。