PH Resorts teases new investors for delayed Cebu casino project
newscatcher
2023-07-27 21:31
PH Resorts teases new investors for delayed Cebu casino project
MANILA  -Davao-based tycoon Dennis Uy's PH Resorts Group Holdings announced it is in advanced talks with foreign and local investors to help bankroll the completion of the $300-million Emerald Bay project in Cebu after billionaire Enrique Razon Jr. withdrew from a potential deal. 'PH Resorts is also presently engaged in the final stages of negotiations with one foreign and one local investor to help it fulfill its commitment to complete and open its flagship Emerald Bay integrated resort at the soonest possible time,' the company said in a statement after its annual stockholders' meeting on July 26.

https://business.inquirer.net/412609/ph-resorts-teases-new-investors-for-delayed-cebu-casino-project

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