Int Ent unit gets Manila provisional Pagcor gaming permit
Hong Kong-listed International Entertainment Corp says that a Philippine subsidiary, Marina Square Properties Inc, received on Wednesday the necessary initial paperwork regarding a provisional gaming licence for a venue in Manila.
The local unit is “reviewing the terms” mentioned under that provisional permit from the country’s casino regulator, the Philippine Amusement and Gaming Corp (Pagcor), added International Entertainment in a Thursday filing.
The permit was linked to plans by Marina Square Properties to “expand and upgrade the current hotel premises, facilities and services”, as announced in June by International Entertainment. Such plans included “the establishment and operation of a casino and the development of an integrated resort” in Manila. The latter term is commonly used to describe a large-scale tourism complex containing a casino.
Marina Square Properties runs the New Coast Hotel Manila in that city, a property formerly known as New World Manila Bay Hotel. It already has a leasing agreement with Pagcor for the latter to operate a casino inside that property.
Latest News
Sign up to our FREE Newsletter
(Click here for more)
Most Popular
US$12bln court case begins on LVS Macau licence June 16, 2021 
Macau lifts inbound-quarantine rule for 2 Guangdong cities June 17, 2021 
DICJ ex boss tells court Galaxy bid helped by LVS know-how June 17, 2021 
Macau daily GGR dips 34pct m-o-m on Covid alert: broker June 16, 2021