Despite controversy over lease contract
Pagcor opens Casino Filipino Manila Bay
The Philippine Amusement and Gaming Corp announced the opening of the new gaming facility after House Speaker, Pantaleon Alvarez, said the gaming regulator had paid the operator even though the casino site was under construction.
2017-08-09
Reading time 32 seg
The Philippine Amusement and Gaming Corp announced the opening of the new gaming facility after House Speaker, Pantaleon Alvarez, said the gaming regulator had paid the operator even though the casino site was under construction.
“Despite the ongoing legal squabble and protests, PAGCOR considers the transfer to its new site as favorable to PAGCOR and the government,” ointed out Pagcor's official statement published in its website.
According to the projections made by the Asian gaming regulator, the authorities would be looking at annual savings of P200 million in rental fees through its deal with Vanderwood.
A report from ABS-CBN sied the Congress Commission on Audit had disallowed the P234 million advance payment, and that Vanderwood was just subleasing the property from Oceanville Spa and Hotel Corp, which was leasing it from the City Government of Manila.
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