almost reverted the area to a stricter lockdown<\/a><\/em><\/strong> due to a spike in Covid-19 cases. The current general community quarantine was extended at least until July 31.<\/p>\n\n\n\nThe joint venture between Rich Goldman and Solaire Resorts was originally set to complete by April 26 or the agreement would be terminated, but the company decided to extend the deadline for another three months. Now a new deadline has been agreed for October 26.<\/p>\n\n\n\n
Rich Goldman Holdings said in a press release: \u201cFor the Philippines and the continuing lockdown measures, additional time is required for the fulfilment of certain conditions precedent under the JV Agreement.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Investor Rich Goldman Holdings has granted a three month extension to complete the contract\u2019s conditions.<\/p>\n","protected":false},"author":2,"featured_media":8351,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Rich Goldman Holdings has extended the deadline for launching its VIP junket operation at Solaire Resort & Casino in the Philippines by three months, now set for October 26. This delay is attributed to the ongoing COVID-19 lockdowns and general community quarantine measures in Metro Manila, impacting the fulfillment of joint venture agreement conditions. The original April 26 deadline was pushed back to accommodate the operational challenges posed by the public health crisis.","focusai_entities":"Rich Goldman Holdings Limited, Solaire Resort & Casino, Rodrigo Duterte","focusai_location":"Philippines, Hong Kong, Metro Manila","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.85), operator_casino (0.9), investor_analyst (0.95), supplier_vendor (0.75), journalist_researcher (0.8)","focusai_suggestions":[{"label":"Junket Delay Impact?","query":"What are the projected financial implications for Rich Goldman Holdings and Solaire Resort & Casino resulting from this three-month extension on the VIP junket's operational launch, particularly concerning anticipated NGR from the high-roller segment?"},{"label":"Regulatory Compliance?","query":"How does the extended operational delay for the VIP junket impact existing B2B\/B2C licensing requirements and regulatory compliance obligations for both Rich Goldman Holdings and Solaire in the Philippines?"}],"footnotes":""},"categories":[28,16333],"tags":[16600],"class_list":["post-8349","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-news","category-south-east-asia-news","tag-solaire"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/8349","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=8349"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/8349\/revisions"}],"predecessor-version":[{"id":8359,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/8349\/revisions\/8359"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/8351"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=8349"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=8349"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=8349"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}