Travellers International Hotel Group Inc. (TIHGI), owner and operator of Resorts World Manila, said Tuesday it will abide by the order issued by the Philippine Amusement and Gaming Corp. (PAGCOR) to suspend its provisional license.
In a disclosure to the Philippine Stock Exchange, the company confirmed the order issued by PAGCOR on June 9.
The order suspended Resorts World Manila’s operation of casinos and other gaming facilities as the company awaits the results of the investigation and the final determination by PAGCOR of its alleged liability in the robbery and arson incident in the hotel last June 2.
“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,” TIHGI said.
The listed firm however assured its stakeholders that “all efforts shall be exerted to preserve and defend the company’s provisional license”.
As of posting, TIHGI’s average traded price fell to PHP2.90 apiece from PHP3.39 per share on June 1, a day before the Resorts World Manila incident.
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