Failure to settle its remaining escrow has caused the demise of another casino in the Clark Freeport Zone in the Philippines, local media has reported.

State regulator Philippine Amusement and Gaming Corporation (PAGCOR) reportedly ordered the closure of Casablanca Casino at the Stotsenberg Hotel last week because its new operators failed to settle the remaining escrow amount of PHP255 million (USD5.13 million).

PAGCOR Chairman Andrea Domingo was quoted by SunStarsaying, “After several extension, they were not able to meet the escrow requirements.”

The shutdown has left close to 200 workers without jobs, according to the report. Stotsenberg Hotel, however, is still operating normally.