Travellers International Hotel Group Inc., the operator and developer of Resorts World Manila, on Tuesday vowed to have its provisional gaming license restored by the Philippine Amusement and Gaming Corp. (PAGCOR).
"The company assures its stakeholders that all efforts shall be exerted to preserve and defend the company’s provisional license," Travellers International noted in a disclosure to the Philippine Stock Exchange.
A provisional license is the authority to operate a gambling casino issued by the regulator.
Resorts World Manila Director for Corporate Communications Owen Cammayo noted the company will work to have suspension order from PAGCOR lifted.
"We will rectify whatever the findings of the PAGCOR and authorities, but we assure our stakeholders that we will do all efforts to lift the suspension order," Cammayo told GMA News Online.
"We know that the suspension was necessary given the incident, but we will cooperate with the authorities in their investigation and at the same time we will work to preserve our license," Cammayo said.
On Friday, PAGCOR suspended the provisional license of Travellers International to operate casinos and other gaming facilities pending investigation and final determination of the company’s liability in the June 2 incident that claimed the lives of 38 people, including the perpetrator, Jessie Carlos, and 54 others injured.
"The company confirms that it is fully committed to abide by the said order and shall fully cooperate with the authorities on all investigations relevant to the incident," according to Travellers.
Thirty-seven people died of suffocation after Carlos, a disgruntled gambling addict and former government employee, stormed Resorts World Manila just around midnight on June 2 and set ablaze gaming tables in the casino's VIP section.
Authorities are looking into whether Resorts World management had security lapses that allowed the incident to unfold.
Since the incident, Travellers International has lost more than P4 billion in market capitalization.
As of 12:22 p.m. Tuesday, shares of Travellers International were down P0.10 or 3.28 percent at P2.95 per shares from P3.05 on Friday.
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