Philippines

Travellers International Hotel Group says it is planning to reopen the non-gaming areas of the Resorts World Manila complex on Thursday.

The operator of Resorts World Manila on Tuesday said it will exert all efforts to “preserve and defend” the company’s provisional license, following the Pagcor announcement last Friday.

A proposed conversion of TSCLK Complex convertible bonds, owned by NagaCorp CEO Dr. Chen Lip Keong, would take his ownership to above 50 percent, up from his current 39 percent, said Union Gaming in a note on Monday.

Adding a casino entry fee to casinos in the Philippines will have a negative impact on mass-market gambling, said Morgan Stanley analysts in a Monday note.

Junket operator SunCity Group has drawn the attention of the Philippine Amusement and Gaming Corporation (Pagcor) after it took over the casino at the Sofitel Philippine Plaza without permission.

Hong Kong listed Landing International Development Limited says it is no longer pursuing the potential acquisition of a company engaged in gaming business in the Philippines.

The Philippine Amusement and Gaming Corporation (Pagcor) has ordered Resorts World Manila to cease all gaming operations pending the results of the investigation of the casino attack involving a lone gunman last week.

The Philippine Amusement and Gaming Corporation (PAGCOR) is due to deliberate on what sanctions will be imposed against Resorts World Manila following last week’s casino attack.

Bloomberry Resorts’ Solaire Resort and Casino saw a number of guest cancellations following last week’s attack at Resorts World Manila, but executives continue to be optimistic for the rest of the year.

The Philippines continues to grapple with the fallout from the attack on Resorts World Manila, with lawmakers threatening a bill that would strip the Philippine Amusement and Gaming Corporation (Pagcor) of its power to grant licenses to casinos, local media reports.

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