• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Frontier Capital’s casino to launch on Sunday: firm

Jul 24, 2019 Newsdesk Latest News, Philippines, Top of the deck  


Frontier Capital’s casino to launch on Sunday: firm

Australia-listed casino investor Frontier Capital Group Ltd says it will recommence gaming operations at its casino resort in the Philippines on Sunday, July 28. The company says it had a “soft launch” on June 10, attended by “inspectors” of the country’s casino regulator, the Philippine Amusement and Gaming Corp (Pagcor).

Pagcor officials at the soft opening “verified” the casino’s “compliance”, said Frontier Capital in a Tuesday filing.

The company has controlled since February 2016 the Hotel Stotsenberg (pictured) and the casino facility inside, located at the Clark Freeport Zone, in the Philippines. The gaming venue was previously known as Casablanca Casino, but its operations had been suspended for a number of years as the company had not met Pagcor’s compliance requirements, according to previous filings.

The company had been required by the Philippine casino regulator to settle an escrow account in the amount of PHP225 million (US$4.39 million at current exchange rates). In an April filing the firm said it was “in full compliance” with requirements for reopening its casino. Trading in the firm’s shares is currently suspended.

Tuesday’s filing quoted Henri Ho, Frontier Capital’s chairman, as saying: “The company is pleased to have passed all hurdles and reinstating operations of the casino at our Stotsenberg Hotel.” The gaming facility will operate under the branding FortuneGate Casino, according to the filing.

Mr Ho added in his comments: “We look forward to our official launch on 28 July and to working with FortuneGate, who have a well-established track record in profitable casino operations.”

According to the latest filing, FortuneGate Holdings Philippines Inc has been appointed to manage the casino “on customary commercial terms”. Frontier Capital did not disclose in the filing neither the details of the management contract nor of the number of gaming tables and electronic gaming machines.

FortuneGate Holdings is described in the filing as a Philippine registered company that invests in casino resort projects, as well as a provider of casino operations and management services. The company has as its majority shareholder a British Virgin Islands-registered firm called Tech Innovation Management Ltd.

Frontier Capital said that FortuneGate Holdings has a “strong support in VIP markets, with a focus on the Philippine market.” It added: “The Casablanca Casino has been rebranded ‘FortuneGate Casino’ to capitalise on FortuneGate Holdings’ southeast Asian market presence.”

(Updated on Jun 25, 9am, to amend the name of the parent company of FortuneGate Holdings)


  • tweet
Related articles
  • LET Group narrows year loss, Manila site open end 2024
    LET Group narrows year loss, Manila...

    Mar 31, 2023  

  • Jeju Shinhwa op narrows loss, gets extension from Pagcor
    Jeju Shinhwa op narrows loss, gets...

    Mar 31, 2023  

More news
  • Macau March GGR up 247pct y-o-y, to US$1.6bln: govt
    Macau March GGR up 247pct y-o-y, to...

    Apr 01, 2023  

  • Some Macau hotels say no rooms vacant 3 days of Easter
    Some Macau hotels say no rooms vacant 3...

    Mar 31, 2023  


Latest News

Macau March GGR up 247pct y-o-y, to US$1.6bln: govt

Macau March GGR up 247pct y-o-y, to US$1.6bln: govt

Apr 01, 2023  

Macau’s casino gross gaming revenue (GGR) was up 246.9 percent year-on-year in March, to just under MOP12.74 billion (US$1.58 billion). The March tally was up 23.4 percent month-on-month,...
Read More
Some Macau hotels say no rooms vacant 3 days of Easter

Some Macau hotels say no rooms vacant 3 days of Easter

Mar 31, 2023  

Macau 2023 GGR at 45pct of pre-Covid level: Moody’s

Macau 2023 GGR at 45pct of pre-Covid level: Moody’s

Mar 31, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”Efforts have pivoted to the construction of the hotel tower, with plans to launch a soft opening before the end of 2024 and a grand opening in 2025”

Casino investor LET Group

On the development of a casino hotel in Manila, the Philippine capital



Most Popular

  • Some Macau hotels say no rooms vacant 3 days of EasterSome Macau hotels say no rooms vacant 3 days of Easter March 31, 2023
  • Japan govt delays IR decision due to local elections: reportJapan govt delays IR decision due to local elections: report March 30, 2023
  • Sands China ups ties to China showbiz giant Star CMSands China ups ties to China showbiz giant Star CM March 29, 2023
  • Macau 2023 GGR at 45pct of pre-Covid level: Moody’sMacau 2023 GGR at 45pct of pre-Covid level: Moody’s March 31, 2023
  • Macau got 16k mainland package tourists in Feb reopeningMacau got 16k mainland package tourists in Feb reopening March 29, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us