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Leisure & Resorts taps foreign gaming mart

By Jenniffer B. Austria | Posted 23 minutes ago |

Leisure & Resorts World Corp. said Monday it is strengthening the casino operation of the 240-room Midas Hotel and Casino by tapping the foreign gaming market.

Leisure & Resorts said in a disclosure to the stock exchange wholly-owned unit Prime Investment Korea Inc. and state-owned Philippine Amusement and Gaming Corp. signed a supplemental junket agreement to offer supplementary services to enhance gaming at Midas Hotel.

“The supplementary services will allow Pagcor and PIKI to tap into foreign gaming markets in order to attract foreign tourist arrivals in the Philippines,” LRWC said.

The supplementary services include operating gaming tables equipped with high-definition video cameras, VOIP facilities and Internet data facilities.

The agreement provides that PIKI will be allowed to broadcast Pagcor-approved table gaming activities from within the gaming rooms to locations outside the Casino Filipino-Midas.

The agreement is effective for a period of three years and renewable at the option of Pagcor.

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