Hong Kong-listed gaming investor International Entertainment Corp. (IEC) announced in a June 10 filing that its Philippines subsidiary, Marina Square Properties Inc., will apply for a provisional license from the Philippine Amusement and Gaming Corp. (PAGCOR) to develop an integrated resort in Manila.
IEC plans to “expand and upgrade the 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,” the filing revealed.
According to Inside Asian Gaming, although no specific location has been identified, Marina Square Properties Inc’s primary asset is the New Coast Hotel Manila, formerly the New World Manila Bay Hotel, where the company leases space to PAGCOR for gaming operations.
The news came on the heels of IEC’s sale of the Wigan Athletic Football Club of Manchester, England, which it acquired in November 2018. IEC also owns the rights to operate live poker events across most of Asia under the PokerStars brand, IAG reported.
