• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Sunday 20 July 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
No Result
View All Result

Megawide cancels plans for casino development near Mactan-Cebu International Airport

Newsdesk by Newsdesk
Tue 9 Jul 2019 at 06:31
Megawide cancels plans for casino development near Mactan-Cebu International Airport
96
SHARES
1.8k
VIEWS
Print Friendly, PDF & Email

Philippines-based Megawide Construction Corp has dropped plans to develop a casino alongside the Mactan-Cebu International Airport.

Megawide revealed in 2016 that it was planning a multi-use development on six hectares of land adjacent to the airport, stating at the time that there was an “opportunity for a casino” and that it had held discussions with a numbr of large international gaming companies.

But those plans have now been quashed with Megawide telling the Philippine Stock Exchange in a filing on Monday that it was no longer pursuing the casino project due to its proposed partner, businessman Dennis Uy, having pushed forward with his own US$300 million casino project on Mactan Island through his company Udenna Corp.

Instead, Megawide will develop three new hotels near the airport complex with construction of the first 350-room hotel to commence before the end of the year and be operational within the next two years.

“We will soon sign an agreement with an international hotel operator to manage the hotel,” Megawide’s Chief Corporate Affairs and Branding Officer Manuel Louie Ferrer told the Manila Standard.

“There is a huge demand for hotel development in Cebu as well as for MICE, particularly in Mactan.”

RelatedPosts

Early Mover

Philippines SEC gives approval to Hann’s US$200 million IPO

Sun 20 Jul 2025 at 07:09
Star to open AU$3.6 billion Queen’s Wharf Brisbane development on 29 August

Star’s Hong Kong partners said to be eying Crown Resorts to run casino at Queen’s Wharf Brisbane if takeover talks succeed

Fri 18 Jul 2025 at 11:11
Melco awarded 20-year license to operate City of Dreams Sri Lanka

Bollywood star pulls out of City of Dreams Sri Lanka opening but flagship event to continue as planned

Fri 18 Jul 2025 at 05:51
SJM and Macau police hold large-scale drill simulating casino robbery

SJM and Macau police hold large-scale drill simulating casino robbery

Thu 17 Jul 2025 at 12:37
Load More
Tags: casinoMactanMegawidePhilippinesUdenna
Share53Share5
Newsdesk

Newsdesk

The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

Current Issue

Editorial – An inconvenient truth

Editorial – An inconvenient truth

by Ben Blaschke
Fri 27 Jun 2025 at 15:21

It’s understandable that political observers, academics and members of the public in greenfield jurisdictions would express caution around the legalization...

Light & Wonder’s Siobhan Lane

Light & Wonder’s Siobhan Lane

by Ben Blaschke
Fri 27 Jun 2025 at 15:19

Siobhan Lane, Light & Wonder’s highly experienced CEO of Gaming, speaks to Inside Asian Gaming about the company’s ongoing transformation...

Honesty is the best policy

Honesty is the best policy

by Ben Blaschke
Fri 27 Jun 2025 at 14:13

The Thailand Entertainment Complex Roundtable brought industry stakeholders, politicians and supporters of the government’s Entertainment Complex Bill face to face...

Sri Lanka’s casino industry

Sri Lanka’s casino industry

by Shaun McCamley
Fri 27 Jun 2025 at 13:36

Industry veteran Shaun McCamley delves into the complex history of Sri Lanka’s casino industry at a time when the country...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
Jumbo
568Win

Related Posts

Light & Wonder sets new US$2 billion Adjusted EBITDA target for 2028

Light & Wonder granted Gaming-Related Vendor License in UAE

by Newsdesk
Sun 20 Jul 2025 at 07:33

Light & Wonder, Inc said Friday that it has been granted a gaming-related vendor license by the General Commercial Gaming Regulatory Authority (GCGRA) of the United Arab Emirates, making it the 13th industry supplier to be granted a gaming-related vendor...

Hong Kong Jockey Club says racing turnover grew 3% to US$17.7 billion in 2024/25 season

Hong Kong Jockey Club says racing turnover grew 3% to US$17.7 billion in 2024/25 season

by Newsdesk
Sun 20 Jul 2025 at 07:31

The Hong Kong Jockey Club has reported a return to growth for the local racing industry with total racing wagering turnover in the 2024/25 Hong Kong season rising 3.0% to HK$138.85 billion (US$17.7 billion). This compares to a 4.5% decline...

Early Mover

Philippines SEC gives approval to Hann’s US$200 million IPO

by Newsdesk
Sun 20 Jul 2025 at 07:09

The Philippines’ Securities and Exchange Commission (SEC) has approved the initial public offering (IPO) of Hann Holdings Inc – the holding company of Clark’s Hann Casino Resort. In a statement issued Friday, the SEC said it had “considered favorably” Hann’s...

Star to open AU$3.6 billion Queen’s Wharf Brisbane development on 29 August

Star’s Hong Kong partners said to be eying Crown Resorts to run casino at Queen’s Wharf Brisbane if takeover talks succeed

by Ben Blaschke
Fri 18 Jul 2025 at 11:11

Star Entertainment Group’s Hong Kong partners are reportedly looking to replace Star with its local rival Crown Resorts as operator of the casino at Queen’s Wharf Brisbane should the partners complete a deal to acquire Star’s 50% stake in the...



IAG

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 中文
  • 日本語

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • 中文
  • 日本語
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • 中文
  • English
  • 日本語