International Entertainment gains provisional license for Manila IR

Hong Kong-listed International Entertainment said its Philippines unit has signed an accord with the Philippines Amusement and Gaming Corp. (PAGCOR), which is designed to help it gain experience in casino management ahead of opening its own integrated resort in Manila.

PAGCOR granted MSPI a provisional license in November last year. Under the latest accord, MSPI will provide the premises for a casino, which will be operated by PAGCOR under a revenue-sharing accord.

The company plans to build an IR with over 250,000 square meters in total area, around 800 5-star luxury hotel rooms, a casino with over 250 gaming tables, 1,600 slot machines, 100 junket tables, and numerous restaurants, leisure facilities and shopping arcades.

Company statement