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PH Resorts eyes Japan’s high rollers with junket accord
PH Resorts, which is developing the Emerald Bay resort on Cebu, has signed an accord with a junket operator aimed at tapping into Japan’s VIP market.
PH Resorts on track to open Cebu resort before end of 2021
PH Resorts Group’s Emerald Bay casino resort is set to open before the end of the year despite difficult market conditions. The company said the new resort will target Asia’s growing gaming market.
Udenna ups stake in PH Resorts to 86.59%
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.Â
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 nine-month loss widens
PH Resorts said its net loss in the nine months to end September widened to PHP336.4 million from PHP266.0 million a year earlier, primarily due to the ramp up of construction activity for its Emerald Bay resort on Mactan island.
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 asks for voluntary trading suspension
Felix Ng -
PH Resorts has asked for a voluntary trading suspension of its shares at the Philippine Stock Exchange (PSE) during its follow-on offering. Shares of PH Resorts will be suspended from today through November 5.
PH Resorts sets follow-on offer price at 32.8% discount
PH Resorts Group Holdings, Inc, the Udenna Group’s gaming and hospitality subsidiary, has set the offer price for its follow-on offering of up to 450 million primary common shares at P1.68, a 32.8 percent discount from the top-end of its price range.
PH Resorts moves schedule of offering by two days
PH Resorts Holdings said Tuesday that it moved the timetable for its planned PHP1.1 billion share sale by two days to avoid competing with two big-ticket equity offerings.
Newport World Resorts donates 18 motorbikes to the Philippine National Police
Newport World Resorts, with support from PAGCOR, has donated PHP10 million ($178,000) worth of motorcycles to the Philippine National Police (PNP).
