Regulators confiscated a 100-million-peso ($2.2-million) assurance bond from Tiger Resorts Leisure and Entertainment and gave the company until mid-July to justify an extension to its timetable, said Francis Hernando, vice president of the state-run Philippine Amusement and Gaming Corporation.
The decision means that even if Tiger finishes construction, it will be unable to reclaim the 100 million pesos.
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