Widus Hotel And Casino has secured a regular license to operate a casino in the Clark Freeport Zone in the Philippines. The gambling operator had been running the facility on a provisional license so far.
The company has confirmed that it has been granted a regular license by the Philippine Amusement and Gaming Corp. (PAGCOR) making it the first gambling operator to have a license to operate a gambling venue in CFZ.
The company reportedly made a successful investment to the tune of $86.6 million fulfilling its provisional license contract to be matured into a regular license. Widus Hotel And Casino was granted a provisional license, five years ago, for an investment of $43 million.
Commenting on the grant of the casino license, Widus President and CEO Daesik Han said that it is “a solidified acknowledgment of the government’s trust and confidence for the company’s competency and compliance.”
“We take pride in bringing world-class hospitality and entertainment in the area alongside adding value to the community.”
Earlier this week, after a meeting with the Chinese President Xi Jinping, Filipino President Rodrigo Duterte said that he does not want to ban the offshore online gambling business in the country as banning online gambling would negatively impact the nation’s economy.
China had called for banning online gambling in the Philippines. In a press briefing in Beijing, Chinese Foreign Ministry Spokesperson Geng Shuang said: “We have also taken note of the Philippine government’s announcement and appreciates it. We hope the Philippines will go further and ban all online gambling,”