Pagcor steps in on SunCity casino takeover
Casino junket operator SunCity Group has drawn the attention of the Philippine Amusement and Gaming Corporation (PAGCOR) after its unauthorised takeover of a small casino at the Sofitel Philippine Plaza.
According to a The Philippine Inquirer report, Success Vine Holdings obtained a Pagcor license to conduct junket operations in a three year deal which started in August 2014. The SunCity group, however, appear to have taken over the small casino’s operations without permission.
It is understood that the Philippine gaming regulator caught wind of the takeover after a launch party a few weeks ago, where some lower-level Pagcor functionaries were invited.
In response, Pagcor Chair Andrea Domingo has reportedly sent a letter to Success Vine, warning the operator that it could lose its license for bring SunCity into the picture. Pagcor licenses, by law, cannot be transferred to another party without the permission from the regulator.
“SunCity is not licensed by Pagcor to conduct junket operations at Sofitel Philippine Plaza,” Domingo said. “In view thereof, we demand a written explanation why Success Vine allowed SunCity to conduct blessing and soft opening ceremonies last week. Such act may be considered a ground for suspension or termination by Pagcor pursuant to the agreement.”
Adding confusion to the matter, the Sofitel facility was immediately several days after its soft launch and opening ceremony.
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