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Private Philippine company rumored to be partnering with Okada

18 December 2013

PHILIPPINES -- First Paramount Holdings 888 Inc is allegedly ready to sign a partnership deal with Kazuo Okada's Manila Bay casino resort, according to the Macau Business Daily.

First Paramount Holdings are after a 24 percent stake in Eagle 1 holdings, an affiliate of Okada's Universal Entertainment, who own the land where the casino will be built, the report said.

Okada's company needs to combine partners for the project, in order to meet the sixty percent local land ownership requirement, Macau Business Daily report said.

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