International Entertainment Corp has begun the process to request a provisional license from PAGCOR.<\/p>\n\n\n\n\n\n\n\n
Philippines.- Hotel operator and real estate leasing firm International Entertainment Corp (IEC) has announced plans to develop a new Manila integrated Resort (IR).<\/p>\n\n\n\n
IEC<\/strong><\/em>, which operates New World Manila Bay Hotel and Casino in Metro Manila through its Philippine subsidiary Marina Square Properties, said it planned to redevelop an unnamed existing hotel to create a new IR in the capital.<\/p>\n\n\n\n It said it planned to \u201cexpand 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.\u201d<\/p>\n\n\n\n The Hong Kong holding company’s Philippines subsidiary Marina Square Properties will apply for a provisional IR license from the Philippine Amusement and Gaming Corporation (PAGCOR).<\/p>\n\n\n\n According to a company filing, Marina Square Properties has already submitted a written request to the City of Manila for its approval and for a Letter of No Objection.<\/p>\n\n\n\n IEC also owns the rights to operate live poker events across most of Asia under the PokerStars brand.<\/p>\n","protected":false},"excerpt":{"rendered":" International Entertainment Corp has begun the process to request a provisional license from PAGCOR.<\/p>\n","protected":false},"author":2,"featured_media":7198,"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 Corp (IEC) has initiated the process to develop a new Integrated Resort (IR) in Manila, Philippines. Its subsidiary, Marina Square Properties, is seeking a provisional IR license from PAGCOR and has requested local government approval for the project. This strategic move involves redeveloping an existing hotel, expanding IEC's gaming and hospitality footprint in Metro Manila.","focusai_entities":"International Entertainment Corp, IEC, PAGCOR, Marina Square Properties, New World Manila Bay Hotel and Casino, PokerStars","focusai_location":"Philippines, Manila, Metro Manila, Hong Kong","focusai_target_profile":"ceo_executive (0.9), regulator (0.95), compliance_legal (0.9), operator_casino (0.9), investor_analyst (0.9), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"What are the projected timelines?","query":"What is the projected timeline for Marina Square Properties to secure the provisional IR license from PAGCOR and commence the redevelopment, and what are the estimated capital expenditures for this project?"},{"label":"What is the competitive impact?","query":"How will the proposed new Integrated Resort by IEC impact the competitive landscape and market share dynamics within the Metro Manila gaming vertical, particularly concerning existing IR operators?"}],"footnotes":""},"categories":[157,16333],"tags":[20632,473,1428,128],"class_list":["post-7197","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-east-asia-news","tag-iec","tag-ir","tag-manila","tag-philippines"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/7197","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=7197"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/7197\/revisions"}],"predecessor-version":[{"id":777008071,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/7197\/revisions\/777008071"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/7198"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=7197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=7197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=7197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}