PH Resorts has registered a third quarter loss of PHP232.62 million ($4.05 million), a 15 percent yearly increase, as the group registered no revenue during 3Q22.

Philippines headquartered PH Resorts reported one more quarter of net loss, at of PHP224 million ($4 million) for 2Q22, expects to reopen Donatela by early in the fourth quarter.

PH Resorts announced its 1Q22 loss widened and said it’s in talks with creditors and potential investors to raise finance to fund its operations and complete its projects.

Bloomberry Resorts said it has agreed to invest in PH Travel & Leisure’s properties on Cebu Island and in the Clark Freeport Zone.

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. 

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, 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.

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.

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.