LRWC unit to lease some Pagcor VIP clubs
Blue Chip Gaming and Leisure Corp, a subsidiary of Leisure and Resorts World Corp (LRWC), has been given the right to lease four VIP clubs of the Philippine Amusement and Gaming Corp (Pagcor).
The news was given in a filing to the Philippine Stock Exchange on Thursday by Leisure and Resorts World Corp.
The Pagcor VIP Clubs subject to the leasing agreement are at: Subic Bay Freeport Zone, Subic Zambales “with Palmgold International Ltd”; and at Pan Pacific, Malate Manila; Paseo Premier Hotel, Santa Rosa Laguna; and Apo View Hotel, Davao City, all “with Pacific Palm Corp”, said the filing.
The terms under which Blue Chip Gaming and Leisure will lease the facilities were not mentioned in the filing. The document said confirmation and approval of the leases was still to be finalised.
Pagcor is the regulator of the Philippine casino industry and also the operator of some publicly owned casino facilities.
Leisure and Resorts World Corp is an investor – via a subsidiary – in the City of Dreams Manila casino resort in the Philippines capital. The latter property is operated by Melco Crown (Philippines) Resorts Corp.
Sponsored Feature
Latest News
Features
-
Macau Peninsula to become 2nd-tier casino hub: analyst Macau’s traditional gaming zone on downtown peninsula... -
Manila casino attack gives sector pause Management at two major casino venues in the Philippine... -
Virtual sports, next big thing in Macau casino market? Hong Kong-listed casino equipment supplier Paradise... -
Still room for improvement at Studio City: pundits As Studio City – the US$3.2-billion, 2015 addition to... -
Fantan to baccarat: a new book on Macau gaming law Macau’s pacapio Chinese lottery game will celebrate its...
Sign up to our FREE Newsletter
(Click here for more)
Most Popular
New Manila casino resort open in 2020: Genting HK August 18, 2017 
Japan holds first of public hearings on casino policy August 18, 2017 
Philippine casino demand outstrips supply: MS August 17, 2017