Udenna Corp said it has settled a payment related to Clark Global City in the Philippines and that the issue did not technically constitute a default. 

Udenna Corp. now holds 86.59 percent of PH Resorts following the issue of new shares. Prior to the transaction, the company owned 82.28 percent. The funds will be used to help finance the development of PH Resort's flagship project, the Emerald Bay Resort. 

Enrique Razon Jr., the owner of Bloomberry Resorts, Andrew Tan, the head of Newport World Resorts, and the founder of PH Resorts Group, Dennis Uy, are all ranked among the top 50 wealthiest in the Philippines, according to Forbes' 'Philippines 50 Richest 2023' list.

The board of directors of PH Resorts Group Holdings has approved a proposal to increase its capital by $128 million as it aims to finalize Emerald Bay.

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.

The first full day of the ASEAN Gaming Summit kicks off in earnest on Tuesday, with a full day of panels and presentations from senior industry leaders from around the region.

PH Resorts said it has received approval from the Philippines Amusement and Gaming Corp. (PAGCOR) to temporarily suspend its license for an integrated resort...

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.