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Phil. Amusement and Gaming Corp. vs. Court of Appeals, et al.

PHILIPPINE AMUSEMENT AND GAMING CORPORATION, petitioner vs. COURT OF APPEALS, HON. JULIO R. LOGARTA, in his capacity as Presiding Judge, RTC-Branch 63, Makati, MM and CASINO OPERATOR CORPORATION and EDUARDO MARCELO, respondents.

G.R. No. 108838 | 1997-07-14

D E C I S I O N


FRANCISCO, J.:

Pursuant to a "Contract to Operate" entered into on December 17, 1985 whereby herein petitioner Philippine Amusement and Gaming Corporation (hereafter PAGCOR) granted private respondent Philippine Casino Operators Corporation (PCOC) sole and exclusive right to manage gambling casinos in the entire Philippines, PCOC operated casinos in Manila, Cebu and Laoag, Ilocos Norte.

Not long thereafter, the Presidential Commission on Good Government (PCGG) sequestered PCOC under a sequestration order dated March 19, 1986, reading:

Provident International Resources Corp.Philippine Casino Operators CorporationManila...