Frontier Capital Group has confirmed it will relaunch the Casablanca Casino in the Clark Freeport Zone in the Philippines, three years after buying it for $26m.
The relaunch didn’t take place at the time of the purchase as Frontier needed to pay the Philippine Amusement and Gaming Corp. (PAGCOR) $3.4m.
Frontier said: “The company has secured the funds necessary to satisfy the Philippine Amusement and Gaming Corp requirements to reinstate operations of the Casablanca Casino, which is imminent.”
Frontier Chairman, Henri Ho, added: “We have worked diligently to satisfy Pagcor’s operational requirements. We will soon recommence operations at the Casablanca Casino, with a healthy bank balance.”
The casino closed with 36 table games and 190 slots whilst the adjoining Stotsenberg Hotel offers 239 rooms.