Philippines – Leisure & Resorts World hopes for Midas touchBy Phil - 25 September 2013
Philippine operator Midas Hotel and Casino plans to increase its exposure to junket gaming operations to ensure more foreign players and tourists are brought onto its gaming floor.
In a disclosure to the Philippine Stock Exchange, the casino’s owners Leisure & Resorts World Corp. said its wholly-owned subsidiary Prime Investment Korea Inc. had concluded a supplement junket deal with Philippine Amusement and Gaming Corporation (PAGCOR) to offer additional services enhancing existing junket operations.
Leisure & Resorts World revealed that the supplementary services would permit PAGCOR and Prime Investment to tap into foreign gaming markets as a way of luring more foreign tourists into the Philippines.
“The supplementary services shall include operating gaming tables equipped with high definition video cameras, VoIP facilities, internet data facilities, among others, which shall allow PIKI to broadcast PAGCOR-approved table gaming activities from within the gaming rooms to PAGCOR-approved locations outside the Casino Filipino-Midas,” the disclosure read.
Midas Hotel confirmed it would partner with regulator PAGCOR to offer junkets for three years with an option to renew at the end of the term.