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Tag Archives: Emerald Bay

Philippines – Launch of Emerald Bay not expected now until 2023

Philippine’s operator PH Resorts Group has confirmed its new Cebu integrated resort Emerald Bay won’t now open until the first quarter of 2023. In a filing to the Philippine Stock Exchange, it said that 41 per centof the phase 1 part of the project was now complete. It said: “We are working closely with primary…

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 – Emerald Bay faces delays in Philippines

The Emerald Bay gaming and hotel resort on Mactan island in Cebu, Philippines, is hoping to open ‘in the first quarter 2022,’ according to its developer PH Resorts Group Holdings. Building work on the project began in December 2017 and the project was supposed to open this year but has now been delayed. Designed by…