Dennis Uy’s PH Resorts Group, the gaming and hospitality arm of the Philippines-based Udenna Group, has pushed back the planned opening of its new Cebu integrated resort (IR), Emerald Bay, until the first quarter of 2023. The IR was previously set to open in the third quarter of 2022.
Almost 41 percent of Phase 1 has been completed, with interior and fits-outs coming next. In a filing, PH Resorts said it’s “working closely with its primary design (Steelman Partners), project management (Tenman HK Ltd.) and construction (Terp Asia Construction Corp.) teams to ensure that Phase 1 of Emerald Bay is completed and will commence full operations on budget and on track for the targeted opening in the first quarter of 2023.”
Phase 1 will boast 4,154 square meters (45,000 square feet) of gaming floor with 600 slot machines, 122 gaming tables, a 270-room five-star hotel, five food and beverage outlets and a “partially completed 300-meter-long beach front that will be open to resort guests, the company said.
Phase 2, to be completed by 2027, will add 8,210 square meters (84,000 square feet) of gaming floor, 729 slot machines, 146 gaming tables, 780 five-star hotel rooms, five villas, four pools, MICE facilities and 16 food and beverage outlets.
According to Inside Asian Gaming, PH Resorts Group received approval from Philippine gaming regulator PAGCOR to voluntarily suspend a provisional license for another IR development in Clark, called the Base, in part so it could focus on Emerald Bay.
