An affiliate of the Manila Jockey Club has opened a new gaming venue in the Philippine capital, Manila.
In a filing to the Philippine Stock Exchange, the Manila Jockey Club said a new gaming and entertainment zone opened on the ground floor of the Winford Hotel, which is located within the San Lazaro Tourism and Business Park.
The opening was performed by MJC Investments Corporation, of which the Manila Jockey Club is the biggest single stockholder.
The Manila Jockey Club didn’t mention the available gaming equipment in the venue, but it noted in its filing that the first floor gaming zone’s opening coincided with the soft opening of Winford Hotel, which contained “128 internationally designed deluxe hotel rooms and includes a three-level entertainment and gaming area, ballroom, swimming pool, gym and spa, coffee shop and dining area, retail outlets, and a seven-level parking structure.”
MJC Investments said in a statement that Winford Hotel “offers five-star international branded accommodation within its 7,500 square meter, 22-storey high-rise development.”
In its 2014 annual report, the Manila Jockey Club noted that MJC Investments had already received a permit from casino regulator the Philippine Amusement and Gaming Corporation (Pagcor) to set up and run a casino, the Pagcor San Lazaro, within the San Lazaro Tourism and Business Park.
Under the permit, MJC Investments has 10 years “to commence on the date of actual operation of Pagcor San Lazaro.”
Through its website, MJC Investments said it is still on the first stage of the multi-phase development plan for the San Lazaro Business and Tourism Park in “the world’s oldest Chinatown.”
In its quarterly report for the period ending in September 2015, MJC Investments identified itself as a holding company for purposes of investment in residential and commercial real estate, including “leisure, gaming, amusement and entertainment purposes.” The filing said MJC Investments had a balance of PHP1.13 billion (US$24 million) for “construction in progress” at the beginning of fiscal 2015.
