The Philippine Amusement and Gaming Corp (Pagcor), the casino regulator in that country, said that a subsidiary of casino investor Landing International Development Ltd that has been authorized to develop an integrated resort at Entertainment City, will have to open first the scheme’s proposed theme park before being allowed to begin casino operations.
The permit is “to operate a casino at the integrated leisure and entertainment resort within Entertainment City,” in Metro Manila. The provisional license and the regular license shall together “be valid until July 11, 2033,” the parent firm stated, adding that, upon expiry, the regular license could be renewed by Pagcor.
However, the license was given under some conditions two of the most important are that the theme park planned for the Manila scheme would have to open “before Pagcor may issue the authority to commence its casino operations in favour of Landing”.
And “Landing may not commence casino operations before the end of February 2022 in observance of Pagcor’s agreement with the existing integrated resorts and casinos in Entertainment City, to give them a period of five years to allow the industry to mature starting February 2017.”
