Australian-listed Frontier Capital Group (FCG) says it will recommence casino operations at the former Casablanca Casino in the Philippines’ Clark Freeport Zone this Sunday 28 July 2019.
Housed inside FCG’s Stotsenberg Hotel, the rebranded FortuneGate Casino held a soft opening on 10 June 10 with gaming regulator PAGCOR having since confirmed compliance to their satisfaction.
In a Tuesday announcement, FCG also announced that Southeast Asian casino investor FortuneGate Holdings Philippines Inc had been appointed to manage the casino on what it describes as “customary commercial terms.” It added that the casino has been renamed FortuneGate Casino to capitalise on FortuneGate’s Southeast Asian market presence.
“The company is pleased to have passed all hurdles and reinstated operations of the casino at Stotsenberg Hotel,” said FCG Chairman Henri Ho.
“We look forward to our official launch on 28 July and to working with FortuneGate, who have a well-established track record in profitable casino operations.”
FCG, which acquired the hotel in 2016, was forced to close Casablanca Casino in February 2017 after PAGCOR ordered a Php225 million escrow payment.