Tag Archives: Cebu
Philippines – PH Resorts Group to raise $12m for construction of Emerald Bay
Udenna Group, owner of Philippine entity PH Resorts Group, has said it will now quickly raise US$12m for the construction of the beach front Emerald Bay, a new integrated resort in Mactan, Cebu, in the Philippines, via a series of share transactions. The company said that by placing and subscription transactions, it will sell 352,441,000…
Philippines – ASKI Japan to provide junket services to Emerald Bay
Japanese junket operator ASKI Japan will provide VIP Japanese players to PH Resorts Group’s Cebu integrated resort Emerald Bay set to be unveiled tin late 2021. ASKI Japan currently runs similar Japanese junkets at South Korea’s Paradise City in Incheon and Paradise Casino Busan, as well as at two Friday Club branded resorts. PH Resorts…
Philippines – Emerald Bay moves a step closer with funding for the first phase secured
The completion of the beach front Emerald Bay, a new integrated resort in Mactan, Cebu, in the Philippines, has moved a step closer following approval for developer PH Resorts Group Holdings to kick on with a Php1.125bn (US$23.2m) follow-on offer of common share which will be used by mother company Udenna Corporation to fund the…
Philippines – Asia Pioneer Entertainment to install slots at JPark Island Resort in Cebu
Asia Pioneer Entertainment has entered into an Operating Lease Agreement with Glimex to lease electronic gaming equipment to Glimex, for use at Palace Casino located at JPark Island Resort in Cebu the Philippines, for a term of 24 months. APE will place up to 86 units of Electronic Gaming Equipment into JPark Palace Casino on…
Philippines – PH Resorts Group to invest $1bn on two casinos in the Philippines
PH Resorts Group Holdings, the leisure and gaming unit of Davao-based businessman Dennis Uy, has said it will invest $1bn to build two casinos in the Philippines; one on Mactan Island in Cebu and the other in Clark Freeport Zone. The company will sell P18.48bn of shares next month and spend $665m to complete the…
Philippines – Work starts on Emerald Resort and Casino in Cebu
Philippine-based Udenna Development Corporation (UDC) has now formally broken ground on its The Emerald Resort and Casino, world-class integrated resort outside Luzon on the Philippines island of Cebu. The groundbreaking ceremony which was held on July 26, 2017 was led by UDC Chairman and CEO Dennis Uy. PAGCOR’s top management led by Chairman and Chief…
Philippines – Philippine focus turns to Cebu with $300m casino approval
PAGCOR, the Philippines Amusement and Gaming Corporation, has granted a gaming licence to Udenna Corp. who will now build a US$300m casino resort on the Philippines island of Cebu. Philippine-based Udenna Corp, said construction would start in the next three months on a 12 hectare beachfront property located around 6km from the main international airport….
Philippines – PAGCOR limits casino development in Manila but opens door to Cebu
PAGCOR (The Philippine Amusement and Gaming Corporation) has put a five year ban on any new Integrated Resort casinos in Manila Bay’s Entertainment City. It has though given its blessing to the development of a US$500m casino resort in Lapu-Lapu City on Mactan Island. The five-year moratorium on new casinos in Metro Manila has come…
Philippines – Work to start on Mactan Leisure City in Cebu next January
Sino America Gaming Investment Group, Macau Resources Group and Calata Corp will begin construction of Mactan Leisure City, an integrated resort and casino Mactan Island in Cebu, an island province of the Philippines located in the Central Visayas region, in January 2017. The P65bn Mactan Leisure City will have three hotels, including a seven-star hotel;…
