According to a report from Inside Asian Gaming, the Manila-listed firm is an enterprise of local trading and shipping conglomerate Udenna Corporation and broke ground on the $600 million development for the central island of Mactan in July of 2017. The source detailed that the Paul Steelman-designed property was originally due to begin welcoming guests by the end of this year but had its construction timetable significantly delayed owing to the coronavirus pandemic.
Situated on a 13.5-acre plot of beachfront land some 3.7 miles from Mactan-Cebu International Airport, the coming Emerald Bay Resort and Casino is now scheduled to open by the conclusion of 2021 complete with 270 hotel rooms alongside a casino offering a selection of approximately 600 slots and 122 gaming tables authorized under a seven-year exclusivity deal. The five-star facility purportedly moreover has plans to later add as many as 18 restaurants as well as a convention center and 86,111 sq ft of retail space.
Jose Angel Sueiro serves as the Chief Operating Officer for PH Resorts Group Holdings Incorporated and he reportedly described the topping off as a ‘significant milestone’ in the ongoing effort to complete construction on his firm’s Emerald Bay Resort and Casino.
Reportedly read a statement from Sueiro…
“Going forward, one will see more construction accomplishment on the façade as well as in the interiors. We are very much excited to be on the road to opening Emerald Bay Resort and Casino on spec, on time and on budget.”
For his part and Dennis Uy, Chairman for PH Resorts Group Holdings Incorporated, reportedly explained that the momentous construction landmark comes as his company secured an additional $58.9 million in funding via a new share placement from its parent.
Uy reportedly declared…
“Despite a very challenging year caused by the current coronavirus pandemic, we have been able to achieve many project and company milestones. The topping off of the two towers at Emerald Bay Resort and Casino represents a very major tangible and visible milestone in its construction. Our timetable means that the first phase of Emerald Bay Resort and Casino is to be ready by the time we anticipate a marked recovery in the country’s tourism and gaming sector.”