Hong Kong-listed leisure enterprise International Entertainment Corp will reportedly invest between US$1.0 billion and US$1.2 billion into the development and establishment of a hotel and casino resort in Manilla in the Philippines. As reported, the commitment to invest the aforementioned amount falls within the scope of the company’s provisional license agreement with the Philippine Amusement and Gaming Corp (Pagcor).
Provisional License Approved for Two Properties:
The agreement between International and Pagcor reportedly produced a provisional license for two Philippine facilities of the Hong Kong-listed enterprise on September 27, 2023. According to GGRAsia, Philippine gaming regulator Pagcor granted a provisional license to