International Entertainment Corporation remains in PAGCor negotiations

March 2, 2022 Philippines Crime & Legal

Asian leisure enterprise International Entertainment Corporation has reportedly announced that it is still in the process of negotiating the terms of its license to bring a proposed five-star casino hotel to the Philippines capital of Manila.

According to a Monday report from Asia Gaming Brief, the Hong Kong-listed firm received a provisional license from the Philippine Amusement and Gaming Corporation (PAGCor) regulator last summer in hopes of being able to open an 800-room property complete with a large casino by the end of 2024. However, the source explained that this plan has been delayed as the company via its Marina Square Properties Incorporated subsidiary continues to negotiate with the watchdog over the specific terms of its planned 15-year authorization.

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International Entertainment Corporation had reportedly been looking to bring the new unnamed gambling facility to the site of its existing New Coast Hotel Manila so as to offer punters a collection of as many as 1,600 slots in addition to approximately 100 junket-friendly gaming tables. But the operator purportedly used an official filing yesterday to note that it is still looking for a suitable site for its envisioned casino resort and remains in talks with PAGCor over the terms of its provisional gaming license.