- Casino and hotel company Frontier Capital Group (FCG) has temporarily shut down its Phillippines casino due to COVID-19
- The Philippine Amusement and Gaming Corporation (PAGCOR) has told the nation to stop all gaming operations until April 14
- However, if the virus is not under control, the casino could be closed for longer
- The company has said its hotel operations are still continuing
- Frontier shares have been suspended since November 2016, last trading for eight cents each
Casino and hotel company Frontier Capital Group (FCG) has temporarily shut down its Phillippines casino due to the COVID-19 pandemic.
The company has been told to shut down its FortuneGate Casino by the Phillipino government as the coronavirus spreads around the globe.
Frontier’s FortuneGate Casino (formerly Casablanca Casino) is located at Clark Freeport Zone, Philippines.
The casino is operated from Stotsenberg Hotel in the area, also owned by Frontier. FortuneGate has a total of 134 slot machines, two VIP rooms, and 28 gaming tables.
But it’s not just Frontier closing up shop; the Philippine Amusement and Gaming Corporation (PAGCOR) has told the nation to stop all gaming operations.
The suspension is in place until midnight of April 14 or when the government declares the COVID-19 pandemic under control. However, if it that is not the case the casino could be closed for longer.
“Rest assured that this regulation shall be reviewed daily and modified accordingly as soon as the situation improves or calls for such,” PAGCOR CEO Andrea D Domingo said.
Frontier Capital says regular operations at the Stotsenberg Hotel are continuing and unaffected by the suspension.
While Frontier Capital is technically still listed on the ASX, shares have gone untraded since November 2016. Before their suspension, shares closed worth eight cents each.