This is the year that forced us to embrace uncertainty and a different understanding about how time perception has an influence on our behavior.

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.

A group of veteran gaming operators took to the stage at the ASEAN Gaming Summit 2024 in Manila to give their opinions on the growth outlook of the Philippines.

After months of building anticipation, Asia’s premier gaming event is kicking off on Tuesday, March 19th, with speakers, exhibitors and participants already flooding into the Philippine capital to meet at the Shangri-La The Fort.

Funding issues have plagued PH Resorts’ Emerald Bay project, suffering another setback as its most recent investor, AppleOne, has pulled out. In this week’s Under the Scope, IGamiX Managing Partner Ben Lee points out how politics trumped business acumen, with banks holding all the cards.

PH Resorts, in its bid to complete its Emerald Bay property in Cebu, is still facing issues over funding, as its latest agreement with financier AppleOne Properties has failed to materialize.

To raise more capital and issue new shares, PH Resorts Group Holdings aims to increase its authorized capital stock by PHP7 billion ($128 million). This issue will be discussed in the upcoming annual stockholders meeting on Wednesday, July 26th.

Shine bright like…..an Emerald. That's what PH Resorts is looking to do, as the group's COO says the company is confident it will be able to open the under-construction Emerald Bay project in Clark, as talks continue with possible investors or partners.

PH Resorts remains firm in its belief that it will be able to open its flagship property, Emerald Bay, despite recent complications, including Bloomberry Resorts pulling out its proposed investment. AGB sat down with the group’s COO, Angel Sueiro, ahead of the group’s annual general meeting, to get more insights on the project and its progress.

Some regional Philippine casino operators say they are expecting gross gambling revenue to return to pre-pandemic levels this year, with the market bouncing back stronger than they had expected.