Clark Gaming Suspends Operations
Clark Grand Leisure Corp. (“CGLC”), a subsidiary of PH Resorts Group Holdings, Inc (“PHR” or the “Company”), received approval from the Philippine Amusement and Gaming Corp (“PAGCOR”) for its request to voluntarily suspend its PAGCOR Provisional License for its integrated resort and casino project situated in Clark Global City in the Clark Freeport Zone, Pampanga (the “Project”).
Photo Insert: The Base by PH Resorts
CGLC sought the voluntary suspension of its license due to some lingering uncertainties surrounding the casino gaming industry especially with more competition in the Clark, Pampanga location.
The voluntary suspension also allows PHR to ramp up and focus all efforts for the construction and development of its flagship integrated resort and casino project, the Emerald Bay Resort and Casino, located in Mactan, Cebu.
The voluntary suspension shall be effective until further notice and its lifting shall be subject to the approval of the PAGCOR Board of Directors.