Travellers International Hotel Group has confirmed it is delaying its Westside City Resorts World casino project for Entertainment City in the Philippines capital Manila.
“The company confirms that it has sought and secured the approval of the Philippine Amusement and Gaming Corp (Pagcor) for a fourth quarter 2020 completion schedule,” Travellers said in a filing to the Philippine Stock Exchange.
It said the move aimed “to help preserve the Philippine gaming industry by allowing the growth of gaming demand to catch up and match the rapid growth of gaming supply in light of the operation of the integrated resorts in Entertainment City” and what it termed “the gaming movements in the Asia-Pacific region.” The statement didn’t clarify the meaning of the latter point.
Travellers added - with regard to the Philippines - that it remained “optimistic in the long-term tourism and gaming prospects of the country and is committed in growing both its gaming and non-gaming offerings.”
