{"id":10186,"date":"2020-09-21T22:54:09","date_gmt":"2020-09-21T22:54:09","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=10186"},"modified":"2026-04-24T01:40:15","modified_gmt":"2026-04-24T04:40:15","slug":"iec-secures-licence-for-manila-casino","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/iec-secures-licence-for-manila-casino","title":{"rendered":"IEC secures licence for Manila casino"},"content":{"rendered":"\n<p>The company had requested has obtained a provisional licence from PAGCOR to run an integrated resort.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Philippines.-&nbsp;The hotel operator and live poker event organiser International Entertainment Corporation (IEC) has obtained a provisional licence to operate a casino in Manila.&nbsp;&nbsp;<\/p>\n\n\n\n<p>In June the firm, which operates New World Manila Bay Hotel and Casino through its subsidiary Marina Square Properties (MSPI), said it planned to redevelop an unnamed existing hotel to create a <em><strong><a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/manila-ir-iec\" target=\"_blank\">new integrated resort<\/a><\/strong><\/em> (IR) in the capital.&nbsp;<\/p>\n\n\n\n<p>In a filing on Friday,\u00a0it confirmed it has received a letter from the\u00a0Philippine Amusement and Gaming Corp (<strong><em>PAGCOR<\/em><\/strong>) conditionally approving the issuance of a provisional licence.<\/p>\n\n\n\n<p>The firm said: \u201cMSPI and PAGCOR will further negotiate for the terms of the provisional licence agreement to be entered into between PAGCOR and MSPI in relation to the grant of the provisional licence.&nbsp;<\/p>\n\n\n\n<p>\u201cAs and when there is further development in relation to the provisional licence agreement, the company will comply with all relevant requirements, and where necessary, make further announcements in accordance with the Listing Rules as and when appropriate.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company had requested has obtained a provisional licence from PAGCOR to run an integrated resort.<\/p>\n","protected":false},"author":2,"featured_media":10188,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"International Entertainment Corporation (IEC), via its subsidiary Marina Square Properties (MSPI), has secured a provisional casino license from PAGCOR for an integrated resort in Manila. This development follows IEC's earlier intent to redevelop an existing hotel, with further negotiations on the provisional license agreement terms pending.","focusai_entities":"International Entertainment Corporation (IEC), Marina Square Properties (MSPI), Philippine Amusement and Gaming Corp (PAGCOR), New World Manila Bay Hotel and Casino","focusai_location":"Philippines, Manila","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.9), operator_casino (0.9), investor_analyst (0.9), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"PAGCOR License Conditions?","query":"What are the specific conditions and operational stipulations attached to PAGCOR's provisional license for IEC's integrated resort in Manila?"},{"label":"Manila GGR Impact?","query":"How is this new integrated resort expected to impact the competitive landscape and gross gaming revenue (GGR) projections for the Manila gaming market?"}],"footnotes":""},"categories":[28,161,16333],"tags":[1428],"class_list":["post-10186","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-news","category-daily-news","category-south-east-asia-news","tag-manila"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/10186","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=10186"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/10186\/revisions"}],"predecessor-version":[{"id":777010491,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/10186\/revisions\/777010491"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/10188"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=10186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=10186"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=10186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}