Monday, October 18, 2021
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Cebu’s first IR catches junkets’ attention

NUSTAR Resort & Casino is on track to open on Cebu island in the Philippines in March next year and is already attracting interest from junket operators.
NuStar, Trevor-Hammond, Katrina-de-Jesus

NUSTAR, Cebu’s first IR, on track to open in March, 2022

NuStar Resort & Casino will be the first IR on Cebu, when it opens in March next year, marking a milestone in tourism and gambling development.
Regions seen as outperformers

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' Emerald Bay moves ahead

Cebu short-term success seen linked to locals 

Cebu, with its white sand beaches and coral reefs, was one of the most visited tourism destinations in the Philippines in 2019 and has sparked the interest of integrated resort investors as a potential gaming hub.

PH Resorts pushing for early opening of Cebu resort

PH Resorts Group Holdings says it is pushing to open its Emerald Bay resort in late 2021, with the full first phase offering then to be available by the second quarter of 2022. 

APE Holdings leases electronic gaming equipment to Cebu casino

Asia Pioneer Entertainment Holdings has announced that it has entered into an agreement with Glimex Inc. of the Philippines to lease electronic gaming equipment...

Regions present expansion opportunities

The Philippines’ regional casinos may not get the same headline publicity as the bigger resorts in Manila, but the number of properties has been growing and their client base evolving as amenities and infrastructure improves.

Megawide drops plans for Cebu casino

Megawide Construction Corp has dropped a plan to develop a casino on Cebu island, though will push ahead with plans for three hotels, local media reports. 

Udenna mulls IPO for Cebu project

Udenna Corp hopes to begin construction of a resort on Cebu soon and is considering an initial public offering, or backdoor listing, to fund...

Udenna gets license to build $300 mln resort in Cebu

Philippines’ Udenna Corp has secured a provisional license to build a US$300 million integrated resort casino in central Philippines, local media reports. The country’s gaming...

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