New Integrated Resort In The Philippines On The Horizon
After a lengthy stand-off between gaming regulator PAGCOR and Waterfront Philippines Inc, the Philippines Court of Appeals (CA) has upheld a ruling by Manila’s Regional Trial Court to issue a provisional casino licence.
Waterfront is now free to operate a casino-hotel in Entertainment City ending an application process which began in 2008 with Waterfront depositing $100 million in cash to fulfil PAGCOR’s requirements.
Despite this significant payment Waterfront filed a petition in 2015 accusing PAGCOR of ignoring their application which resulted in PAGCOR paying Php200,000 for moral and exemplary damages.
The ruling could see Entertainment City welcome a fifth operator after all following President Rodrigo Duterte’s August 2018 proclamation that Landing International Development Ltd would not be permitted to build a planned US$1.5 million IR despite having been granted a provisional casino license.
There are currently three IRs in Entertainment City – Solaire Resort & Casino, City of Dreams Manila and Okada Manila – with Travellers International Hotel Group in the process of developing a fourth, Westside City Resorts World.
According to the Court of Appeals, Waterfront’s license would be “similar to those granted to Resorts World Manila, City of Dreams, Solaire Resort & Casino and Okada Manila.”
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