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Emerald Bay resort in Cebu pushes completion date to 1Q23

PH Resorts, has pushed back the expected completion date of its Emerald Bay Resort property in Cebu to the first quarter of 2023.

PH Resorts to raise capital for Emerald Bay construction

PH Resorts is looking to raise US$11.9 million through the sale of common shares to help fund construction of its Emerald Bay Resort and casino project.

PH Resorts pushes back Emerald Bay opening to 3Q, 2022

PH Resorts said it now expects to open its Emerald Bay resort on Cebu in the Philippines in the third quarter of 2022. It had earlier said it was pushing hard for a soft opening late this year.

PH Resorts tops off Emerald Bay, gets funding pledge

PH Resorts said it has topped off two hotel towers at Emerald Bay Resort on Mactan Island and that it has also got a further funding pledge from parent company Udenna Corp through a share subscription.

PH Resorts sees breakeven for Emerald Bay in seven years

PH Resorts Group Inc. expects its $465 million Emerald Bay casino in central Philippines to break even within seven years from its opening late next year and for the Philippine gaming industry to surpass pre-pandemic levels by 2022.

PH Resorts’ Emerald Bay moves ahead

PH Resorts Chairman Dennis Uy said the company had reached a “significant milestone” towards the opening of its Emerald Bay integrated resort on Mactan Island after the Securities and Exchange Commission gave pre-effective approval for a P1.12 billion ($23 million) follow on share offer.

The Emerald Bay to complete construction in 22Q1

PH Resorts Group Holdings says it expects to complete the construction of the first phase of its Mactan Island integrated resort in the first...

MGM Cotai wins two design awards for Emerald Villa

The Emerald Villa of MGM COTAI has clinched double accolades for its interior design, namely the Winner for the SBID International Design Awards 2021 in the Hotel Bedroom & Suites Design category as well as the Platinum Winner at the 2021 MUSE Design Awards in the Interior Design (Hotels & Resorts) category.

PH Resorts bullish about recovery as its raises P600 million

PH Resorts, which is building the Emerald Bay Resort project in Cebu, announced it has successfully raised approximately P600 million from a select group of Qualified Buyers. 

PH Resorts posts widened net loss in 1H21, despite lower expenses

PH Resorts, the developer of Emerald Bay resort in Cebu, reported a widened net loss of P175.5 million in 1H21, due mainly to ongoing construction activities at Emerald Bay.