• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Tuesday 1 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

Udenna subsidiary given US$42.5 million cash advance to complete first Philippines IR outside Manila

Newsdesk by Newsdesk
Sun 20 Oct 2019 at 13:10
Udenna subsidiary given US$42.5 million cash advance to complete first Philippines IR outside Manila
359
SHARES
2.3k
VIEWS
Print Friendly, PDF & Email

Philippines conglomerate Udenna Corporation has issued its gaming and hospitality arm, PH Resorts Group Holdings, with a US$42.5 million cash advance to aid in the ongoing construction of its US$341 million Emerald Bay Resort and Casino in Cebu.

PH Resorts Group Holdings, formed in mid-2018 to oversee development of the Cebu IR as well as another in Clark, said in a Friday announcement that it has been issued the cash advance by another wholly-owned Udenna Corp subsidiary, Emerald Development Holdings Ltd.

“This advance represents a significant step in realizing the completion of The Emerald Bay Resort and Casino,” said PH Resorts President and CEO Raymundo Martin M. Escalona.

“We are very excited to finish the first integrated resort in the Philippines outside of Entertainment City in Metro Manila.”

Udenna was granted a provisional license by Philippines gaming regulator PAGCOR in May 2017 to build and operate the country’s first privately owned integrated resort outside of Manila, and broke ground in December of that year.

The resort, designed by renowned casino architect Paul Steelman, will target both foreign and local players with a particular focus on Chinese and Koreans, the company has said.

RelatedPosts

Cebu’s NUSTAR Hotel makes immediate mark by entering Michelin Guide Hotel List

Cebu’s NUSTAR Hotel makes immediate mark by entering Michelin Guide Hotel List

Mon 30 Jun 2025 at 14:04
SM Prime Holdings to expand Philippines MICE offering in Cebu and Manila

SM Prime Holdings to expand Philippines MICE offering in Cebu and Manila

Sun 29 Jun 2025 at 17:45
More fun in the Philippines

IAG EXPO – Exhibitor registration closing today!

Fri 27 Jun 2025 at 06:31
SunTrust becomes listed tourism business as Suncity releases first renderings of Manila hotel and casino project

Suntrust’s US$1.25 billion Manila casino development facing further delay of up to nine months

Fri 27 Jun 2025 at 05:46
Load More
Tags: CebuEmerald Resort and CasinoMactanPH ResortsPhilippinesUdenna Corporation
Share305Share6
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
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
Jumbo
568Win

Related Posts

Thai government confident of passing IR bill into law as early as mid-2025

Thai government says House debate of casino bill will only be postponed for a month

by Newsdesk
Mon 30 Jun 2025 at 14:46

House debate on Thailand’s controversial Entertainment Complex Bill will be delayed by only a month, the ruling Pheu Thai Party said Monday – seemingly allaying industry fears that the bill could be dropped altogether. In comments reported by The Bangkok...

Cebu’s NUSTAR Hotel makes immediate mark by entering Michelin Guide Hotel List

Cebu’s NUSTAR Hotel makes immediate mark by entering Michelin Guide Hotel List

by Newsdesk
Mon 30 Jun 2025 at 14:04

NUSTAR Hotel, the recently opened ultra-luxury hotel at Cebu’s NUSTAR Resort & Casino, has been named for the first time in the Michelin Guide’s list of recommended hotels for 2025. The Michelin Guide Hotel List is assessed each year by...

Star celebrates long-awaited opening of AU$3.6 billion Queen’s Wharf Brisbane development

Star’s Hong Kong partners terminate deal to acquire 100% of Queen’s Wharf Brisbane

by Ben Blaschke
Mon 30 Jun 2025 at 13:40

Star Entertainment Group’s Hong Kong partners, Chow Tai Fook Enterprises Limited and Far East Consortium International Limited, have given notice of their intention to terminate an agreement that would have seen them acquire a combined 100% stake in the Queen’s...

113 East gains Macau distribution rights for two environmental products aiding food waste reduction and air purification

113 East gains Macau distribution rights for two environmental products aiding food waste reduction and air purification

by Newsdesk
Mon 30 Jun 2025 at 12:26

Macau-incorporated 113 East Limited has gained distribution rights for two environmental technologies that it says can go a long way towards improving Macau’s environmental footprint – including within its integrated resorts. The technologies, which 113 East Limited says are available...



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