RWM incident to lower Pagcor’s revenue

After the shooting inside Resorts World Manila, the local gaming corporation is expecting a revenue loss.

Philippines.- Andrea Domingo, head of the Philippine Amusement and Gaming Corporation (Pagcor), has revealed that the country’s gaming regulator is expecting a revenue loss over the incident at the Resorts World Manila that left 36 people dead on June 2 and forced the authorities to close the facility.

Domingo said that the local government lost approximately US$256.000 million every day since the closing of the casino. “For the whole month of June, we could have lost US$7 million,” Domingo said, and confirmed that Pagcor sent the casino operators safety guidelines. Travellers International President and CEO Kingson Sian confirmed this morning that they will reopen the casino: “With PAGCOR’s assistance and guidance, we can now start the difficult task of rebuilding as it is also our responsibility to take care of our 6,000 staff and personnel. We are bringing back the gaming operations on the ground and third floors of our integrated resort. The second floor will no longer be used for casino operations and will be utilised for other non-gaming purposes instead,” Sian added.

“Last week, Resorts World requested for the lifting of the suspension… What we did is we made a template of all the requirements. We were informed in their letter that they have done all of the requirements and they are now ready to open,” the official said. RWM was visited by a Pagcor team earlier this week in order to ensure that all of the safety and security requirements that they’re requiring are in place. “We’re not imposing this not only to RWM, we going to impose it to all our other integrated resorts including those situated in the economic zones of Clark and Subic.”

Moreover, Pagcor said that the lifting of said suspension takes effect today, following Travellers International’s compliance with its required security and safety improvements.