Philippines – PH Resorts Group to raise $12 million for Emerald Bay construction process

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp
Share on email
PH Resorts Group

Udenna Group, the owner of PH Resorts Group has announced raising US$12m for the beachfront Emerald Bay construction. It is a new integrated resort in Mactan, Cebu, through a series of share transactions.

Moreover, the company will sell 352,441,000 common shares in PH Resorts Group to buyers at Php1.70 per share.

“The Placing and Subscription Transaction also enables the company to raise capital in the most expeditious and efficient manner to partially fund the ongoing construction and development of the Emerald Bay Resort and Casino project,” the company stated.

Steelman Partners designed it, and it will open in the second quarter of 2022. Emerald Bay’s first phase will include 122 gaming tables with mass, premium mass, and junket options. It will also have 600 EGMs and 270 hotel rooms.

 

Categories:

Tags:

Share:

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on email
Email
Nassima Azmzm

Nassima Azmzm

Leave a Comment

0 responses on "Philippines – PH Resorts Group to raise $12 million for Emerald Bay construction process"

Leave a Message



Qasiknow.com is born out of the necessity of sharing information and knowledge with everyone in the gaming industry who is interested in learning, growing, discovering different points of view and ways of doing things.

Upcoming Events

top
Copyright ©️ Qasiknow.com | All rights reserved.
X