Angel Sueiro, chief operating officer of PH Resorts, talks with Asia Gaming Brief managing editor Sharon Singleton about the concept for the company’s next property in the highly competitive Clark Freeport Zone and opportunities post-Covid 19 in the Philippines. The mass market is paying the bills, but international visitors are needed to put the cream on top.
After President Rodrigo Duterte lifted a moratorium on new casino investment, two groups have said they will dust off mothballed projects for the Philippines.
Felix Ng -
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.
There is optimism coming out of the Philippines, as recent casino operator results filings give us a much needed glimpse of recovery.
PH Resorts said it believes that in the coming months there will be a resumption of both international and local flights as vaccines are rolled out, which will spur a recovery of tourism in the Philippines and around the region.