Olongapo SubicBay BatangGapo Newscenter

Thursday, May 18, 2006

SBCC speaks on casino dispute

SUBIC BAY - The Subic Bay Chamber of Commerce on Wednesday broke its silence regarding the dispute between Legenda Hotel Casino and the Philippine Amusement and Gaming Corp.

In a press statement signed by chamber president John Corcoran, the group said, "It is concerned over the welfare of its member Legenda Casino and its employees."

PAGCOR said that the Legenda Casino failed to pay the government more than P356 million in gaming licenses fees, and allegedly held an illegal cockfight in May 2003, in violation of its gaming license.

The government-owned gaming company revoked the hotel’s license and closed down its casino on May 12.

The statement said the chamber was hopeful that the issue would be dealt with "appropriately, respectfully and fairly in all matters including those involving agents of the government.

"We support a speedy resolution of this matter so that the perception of fair play and impartial treatment and investor confidence is maintained," it added.

The chamber also challenged the court to move the issue forward to sustain the economic viability of the locators, the welfare of Legenda employees and tourism in the free port.

Khoo Boo Boon, Legenda chief executive officer, told The Times that "it is clear that the chamber supports us and our position that the issue should be resolved according to the principles of law, due process, fairness and justice."

In an earlier press statement, Boon said PAGCOR official failed to justify the "illegal revocation" of the hotel’s gaming license and the closure of its casino. Anthony Bayarong ABS CBN NEWS


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