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PH Resorts Group granted PAGCOR permission to suspend Clark casino build

Ben Blaschke by Ben Blaschke
Wed 6 Oct 2021 at 12:20
PH Resorts Group granted PAGCOR permission to suspend Clark casino build

An artistic impression of PH Resorts Group’s Clark integrated resort, The Base.

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PH Resorts Group says it has requested and received approval from Philippines gaming regulator PAGCOR to voluntarily suspend a provisional license it was previously granted to develop an integrated resort in Clark.

To be known as The Base, PH Resorts Group’s Clark IR was being prepared on 4.4 hectares of land within Udenna Group’s 177-hectare Clark Global City, with 600 electronic gaming machines, 100 gaming tables and 400 hotel rooms plus retail space and restaurants.

It had been scheduled to open in 2022 but the company announced Wednesday that its local subsidiary, Clark Grand Leisure Corp (CGLC), had asked PAGCOR for a voluntary suspension of its license “due to some lingering uncertainties surrounding the casino gaming industry, especially with more competition in the Clark, Pampanga location.”

The voluntary suspension, which can be lifted at a later date pending PAGCOR approval, will also allow PH Resorts Group to focus its resources on the construction and development of its larger IR project, the Emerald Bay Resort and Casino, in Cebu, it said.

“As present financial projections center on PH Resorts Group’s plans for the Emerald Bay project, the voluntary suspension of CGLC’s license will have no effect on current financial numbers,” the company explained. “Thus, PH Resorts Group expects that the suspension will have little to no impact on [its] business.”

Emerald Bay is currently on track for a full opening by 3Q22 with Phase 1 to include 122 gaming tables, 600 EGMs and 270 hotel rooms.

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Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

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