UEC to use US subsidiary to apply for manufacturing license for Philippine casino

Universal Entertainment Corp., owner of the Tiger Resort Limited of Hong Kong, has plans to use their United States subsidiary, UE Technologies Inc., to be able to acquire a manufacturing license for equipment as well as apparatus they use for casino operations. Plans are presently in the works for UEC to start the entire manufacturing and purchase of equipment for casino gaming.

The business plans on supplying Player Tracking systems, automatic machines and casino tables as well as multi-currency bill validators, among other items which they currently use to run casinos across the world. The company will also continue to keep a certificate of suitability which was obtained previously so as to invest in a casino operating company within the USA.

According to The normal , the company said that by procuring a license for manufacturing, they will be able to protect themselves from being affected if a person or company officer is exposed to investigation or determined to be unsuitable in the future. The UEC mentioned that in the casino industry, there are stringent regulations across the world, so shareholders as well as officers must stay in compliance with the suitability requirement.

The UEC also noted that due to the strict regulations set up, their shareholders and management officers must complete screenings on suitability which are ran by the gaming commission which serves as the regulatory authorities. With those activities, the UEC is procuring their position in the business world by ensuring any unsuitable individuals will not influence their operations or licensing.