As reported by several local news outlets that cover Asian gambling markets, one of the leading Asia-based leisure and hotel operators, the International Entertainment Corporation firm has just recently informed its biggest investors that one of the company’s subsidiaries wants to bring a fully integrated casino gambling-friendly resort to the city of Manila.
According to the company’s officials, the subsidiary is working on its official application which if approved grants the company all of the necessary permissions to start working on its casino project. One report released by Inside Asian Gaming proclaimed that the Hong Kong-listed company used its official press release to share more details about its future plans. It was revealed that the Marina Square Properties Incorporated subsidiary intends to communicate with the PAGCor or the Philippine Amusement and Gaming Corporation regulatory body.
The Marina Square Properties Incorporated firm will ask the main regulator for the industry in the Philippines to approve a provisional casino license with that the company will be legally allowed to premier a gambling-facility at a still unknown location in the country’s capital city. Today, International Entertainment Corporation owns and manages the New Coast Hotel Manila that features two hundred eighty-eight rooms.
International Entertainment Corporation
Formerly known as the New World Manila Bay Hotel venue, New Coast Hotel Manila leases small space to the Philippine Amusement and Gaming Corporation gaming operations. According to Inside Asian Gaming, the company will be also required to obtain permission from the Philippines government alongside a letter of objection before it can officially submit its proposal for the necessary provisional casino license.
International Entertainment Corporation emerged on the scene in 1998 which means it has been around for over twenty years now. The company’s official filling released several days ago revealed that the company also intends to upgrade and expand its current services, operations as well as hotel facilities and premises and one way of doing so is by establishing a fully integrated casino resort in the country’s capital of Manila.
The company’s filing reads that its board is delighted to announce that on the 10th of June, its subsidiary Marina Square Properties Incorporated finally submitted a request to the city of Manila government for its official approval to grant the letter of objection. At the moment, the Hong Kong-listed International Entertainment Corporation has the Asian rights to many different live poker events including the events which are operated by the PokerStars brand operated and owned by The Stars Group Incorporated.
City of Dreams Manila
The city of Manilla is home to many iconic gambling-friendly facilities as well as casinos besides the New Coast Hotel Manilla. One of the most iconic venues of this kind in the city is definitely the City of Dreams Manilla luxury fully integrated casino complex located on the Entertainment City strip in Metro Manilla. The facility owned and operated by Melco Resorts and Entertainment opened in 2015.
The property is located on a 15-acre land plot and it features six hotel towers packed with almost one thousand rooms including a Hyatt Regency Hotel, Nuwa Hotel, and Nobu Hotel. The gaming floor is packed with over two thousand gaming tables, over one hundred and fifty electronic table games, and over one thousand and six hundred slot machines. If Marina Square Properties Incorporated is granted the provisional casino license for its planned casino resort, the City of Dreams resort will get another major competitor.