Article: AGI unit granted license to join Bagong Nayong Pilipino project

A subsidiary of Alliance Global Group Inc. (AGI) has secured the license from the Philippine Amusement and Gaming Corp. to participate in the Bagong Nayong Pilipino Manila Bay Tourism City project, AGI told the Philippine Stock Exchange.

In a disclosure, Andrew Tan's holding company said Pagcor has issued a provisional license to Travellers International Hotel Group Inc., a subsidiary of AGI, pursuant to the prequalification requirement of the government for interested players in the new entertainment complex to be built along Manila Bay.

However, the government has prohibited the company from disclosing to the public any information on the Pagcor license and any related items, Dina D. ...

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