Pachinko Maker Targets $2 Billion Sales From Casino Project
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Universal Entertainment Corp., the Japanese pachinko company that is a part owner of Wynn Resorts Ltd., is targeting 150 billion yen ($2 billion) in revenue for its Manila casino project in 2014, the first year of operation.
Universal Entertainment plans to open two casinos and three hotels in the Philippine capital by December 2013 and will decide by 2015 whether to build more gambling venues in Asia, Chairman Kazuo Okada said in an interview yesterday. The company plans to spend $2.3 billion on the Manila project.