Tere are a total number of 296 gaming tables and 1,763 slots in Clark. Koreans are the main visitors
providing around 20 per cent of the visitor figures. Te Pampanga province in Clark Freeport was transferred to a Modified Enhanced Community
Quarantine in September after strict ECQ measures for the two months previously.
after strict ECQ measures for the two months previously.
Meanwhile there are two Fiesta casino brands operating in Poro Point, a headland and peninsula located in the city of San Fernando, La Union on the island of Luzon. Te special economic zone was established in 1993 and the entire peninsula is just 1.82
sq.km in size.
Te Tunderbird Resort & Casino opened back in 2006 and is situated on a scenic 100ft cliff top at the highest point of Poro Point overlooking the San Fernando Bay and West Philippine Sea.
Te resort covers 65 hectares offers various accommodation with 70 deluxe rooms and 60 villas. Te Fiesta casino is 4,000sq.m in size and has 28 table games and 400 slots and was re- launched in 2017.
Te second resort is located in Binangonan in Rizal, a valley some 210ft above sea level overlooking the Sierra Madre mountain range. Te IR is about an hour from Manila and opened in 2005 with around 110 deluxe rooms and suites. Te Fiesta Casino offers a total of 24 tables and 218 slots and 33 ETGs.
NEW CASINO PROJECTS Despite the current climate there are still new
casino projects on the table. Hong Kong’s International Entertainment Corp (IEC) has recently been granted conditional approval for the issuance of a provisional gaming licence from PAGCOR for its Marina Square Properties subsidiary.
IEC is aiming to upgrade its hotel premises in Manila, the New Coast Hotel Manila, into an IR. Te space is currently leased by PAGCOR for its own gaming operations.
Formerly known as the New World Manila Bay Hotel it closed during quarantine and has yet to fully re-open and IEC has reported a loss of US$39.4m for year ending June 2020 which is said to be heavily impacted by the closure of the New Coast Hotel.
property offering leisure park, water park, golf and casino. Tere are 495 villas, 70 hotel rooms and 20 townhouse units. It is owned by Macau’s gambling tycoon Jack Lam and was shut down in May for the second time in four years when authorities found an illegal makeshift hospital for Chinese visitors suspected of Covid infections. It was temporarily closed back in 2016 after the arrest of 1,300 illegal Chinese workers whilst Lam was accused of bribing officials to release the illegal workers. Tere are now calls for a full investigation of the resort for prostitution and human trafficking activities.
In 2018 the GGR for Clark’s casinos was P8.62bn and in 2019 is was P12.17bn. First quarter 2020 GGR was P3.90bn (a 38 per cent increase year on year and helped by the opening of two casinos in 2019). Of course, due to quarantine closures the Q2 GGR was just P185.7m.
Tere are a total number of 296 gaming tables and 1,763 slots in Clark. Koreans are the main visitors providing around 20 per cent of the visitor figures. Te Pampanga province in Clark Freeport was transferred to a Modified Enhanced Community Quarantine in September
Revenue from leasing to PAGCOR fell by 38.7 per cent to US$18.2m whilst hotel operational revenues declined by 42 per cent to US$10.6m
Meanwhile over on Mactan Island, the Emerald Bay Resort and Casino is due to open. Developed by LapuLapu Leisure Inc (part of PH Resorts Group Holdings, which is the hospitality and gaming arm of Udenna Group) this will be a huge destination location with 838 hotel rooms and casino with 122 tables and 600 EGMs plus retail, restaurants and ballroom. Te five-star
NEWSWIRE / INTERACTIVE / MARKET DATA P71
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