Operator News
Philippines – Transformation of New Coast Hotel Manila into a casino has been delayed
By Phil - 16 August 2021
International Entertainment Corp (IEC) has confirmed that COVID is delaying a cooperation agreement with Philippines gaming regulator PAGCOR that would see it transform an existing hotel in Manila into an Integrated Resort casino following the issuance of a provisional license from PAGCOR.
The company said: “Due to the surge of the highly contagious Delta variant of the coronavirus in the Philippines, the Philippine government imposed an ‘‘Enhanced Community Quarantine’’ from 6 August 2021 until 20 August 2021 in Metro Manila, pursuant to which Metro Manila is currently under strict shelter-at-home restrictions (the ‘‘Restrictions’’). Given the Restrictions, the execution of the Cooperation Agreement between MSPI and PAGCOR is required to be postponed until the release of the Restrictions.”
The existing development is believed to be the New Coast Hotel Manila, located in the heart of Malate business district. The company wants 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.’
