Friday, December 02, 2022 - Login

Pagcor shuts down Casablanca Casino


The Casablanca Casino in Clark Freeport Zone has reportedly shut down operations Friday after its operators failed to meet escrow requirements, local media reports.

According to Philippine Amusement and Gaming Corporation (Pagcor) chief Andrea Domingo, the operator was not able to settle the remaining escrow amount of P255 million even “after several extension[s].”

The casino which was acquired by Australia-based Frontier Capital Group Ltd in February 2016, was forced to let go of 200 workers as a result of the closure.

Former Pampanga Congressman and Angeles City Mayor Carmelo Lazatin, who is one of the shareholders of the Stotsenberg Hotel has blamed FCG for the closure of the casino, reports Sunstar.

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

Contact us

ASIA GAMING BRIEF
PO Box 1139, Macau SAR
Tel: +853 2871 7267
Fax: +853 2871 7264

Asia Gaming Brief