Kazuo Okada

About Kazuo Okada

Birth Year: 1942
Birth Place: Hong Kong, Hong Kong, Japan
Residence: Hong Kong
Occupation: Businessman
Children: 3

Kazuo Okada Net Worth

Kazuo Okada was bornon 1942 in Hong Kong, Hong Kong, Japan. Okada chairs publicly-traded Universal Entertainment Corp., which manufactures and sells pachinko machines and casino equipment. In December 2016, casino resort Okada Manila began opening in phases in the Philippine capital. Okada owns 74% of Universal Entertainment Corp.
Kazuo Okada is a member of Gaming

💰 Net worth: $3 Billion (Updated at 22 June 2018)

2010 $1 Billion
2011 $2.1 Billion
2012 $1.8 Billion
2013 $1.3 Billion
2014 $1.35 Billion
2015 $1.25 Billion
2016 $1.1 Billion
2017 $2.4 Billion
2018 $3.54 Billion

Some Kazuo Okada images

Biography/Timeline

1942

Kazuo Okada was born in 1942 during the Second World War. Having lost his Father at a young age, he became independent and supported his family. He studied at an engineering vocational school to take advantage of his interest and passion for mechanics. An Engineer at heart, Okada found tinkering with vacuum tubes (a basic component of early radios and televisions) "so much fun".

1969

In late 1969, Okada's first visit to Las Vegas led to his decision to enter the Business of slot machine Manufacturing. He invented the "near-miss" feature in his slot machines, an innovation that helped expand the Japanese market of "pachislot" (a Hybrid of Japan’s pachinko and Las Vegas slot machines) and also made Okada's slot machines popular in Las Vegas.

1990

Throughout the 1990s, Universal served as a major supplier of machines to the bustling Japanese pachinko industry.

2000

In 2000, Okada was introduced to Las Vegas-based casino magnate Steve Wynn, eventually investing $380 million in Wynn’s then-new company, Wynn Resorts.

2005

Wynn Resorts opened its first casino in 2005 in Las Vegas and a second one in 2006 in Macau. In 2008, Steve Wynn declined to join Okada in a major investment to build a casino in Entertainment City in Manila. Okada proceeded alone with the investment, forming a local company, Tiger Resort, Leisure and Entertainment, Inc., to handle the development of the Manila property. In July 2016, the said property was unveiled as the Okada Manila, a $2.4 billion integrated hotel, resort and casino that represents Okada’s biggest investment to date.

2013

Okada is a collector of Japanese, Chinese and Korean art. He opened his own art museum in 2013 near the hot-springs resort of Hakone, south-west of Tokyo.

2016

With his local partner, Antonio Cojuangco, Okada expects to open the integrated resort before 2016 ends. With the December 2016 legislation allowing for 'bona fide' gambling in Japan, Okada is expected to be a major bidder for a casino license along with former partner Wynn and Sands Group.