PHILIPPINES – International Entertainment gets provisional casino license
New Coast Hotel Manila has been operating IR for over 17 years in Manila
International Entertainment Corporation announced on Friday 18 Sepember, that it has gained a provisional license from PAGCOR to build its Manila IR. The license was delivered to the firm’s Philippine subsidiary Marina Square Properties, Inc
In June, the firm explained that it was planning to “expand and upgrade the current hotel premises, facilities, and services by the establishment and operation of a casino and the development of an integrated resort in the City of Manila, Philippines.” Adding, further that, “It is expected that the successful grant of the Provisional License can substantially increase the Group’s investment, significantly expand and upgrade the current hotel and casino premises, facilities and services, that has been long operating for over 17 years, through the establishment and development of the Integrated Resort in the Philippines.”
The Hong Kong SE listed company included a message from Chairman Dr. Choi Chiu Fai Stanley, by order of the Board: ¨Shareholders and potential investors should note that the grant of the Provisional License is subject to the entry of the Provisional License Agreement and are advised to exercise caution when dealing in the Company’s securities.”
International Entertainment operates the New Coast Hotel Manila, previously known as the New World Manila Bay Hotel, a 32-floor hotel with 370 guest rooms and a gaming facility.
New Coast Hotel Manila delivers Attainable Luxury crafted through our distinct yet evolving hospitality encapsulated in our relational service, functional space and elegant ambience, innovative facilities and deluxe amenities, exceptional cuisine and parade of sensorial exploration.
