Opening Of Cebu Integrated Resort "The Emerald Bay" Delayed To Early 2022

Opening of Cebu integrated resort The Emerald Bay delayed to early 2022
The Emerald Bay Resort, Cebu, Philippines - Photo: IAG

PH Resorts Group Holdings, the gaming and hospitality arm of Udenna Corporation, says completion of the first phase of its Cebu integrated resort, The Emerald Bay, has been delayed until the 1Q22.

Originally planned to open in 2020, details of the delay were included in PH Resorts Group’s first quarter financial results, published Monday, which saw the company record a loss of Php138.6 million (US$2.8 million), increased from Php59.3 million (US$1.2 million), and a 54.9% decline in operating revenue to Php9.5 million (US$189,500). PH Resorts Group currently operates the Donatela Hotel on Panglao Island, Bohol.

Opening of Cebu integrated resort The Emerald Bay delayed to early 2022
The Emerald Bay Resort, Cebu, Philippines

When complete, the Paul Steelman-designed The Emerald Bay will sit on 13.5 hectares of land on Mactan Island in Lapu-Lapu City with the first phase to include an 838-room 5-star hotel, 8,000 square meters of retail, 18 restaurants, a convention center and a 7,585 square meter gaming floor comprising 146 gaming tables and 1,186 slot machines.

PH Resorts Group, which began construction of The Emerald Bay in December 2017, also revealed that its subsidiary, Donatela Hotel Panglao Corp, is currently planning an expansion of the upscale Donatela Hotel to “improve its operations.”

The company is currently designing another casino resort, called The Base, in Clark Freeport Zone, which is “expected to have approximately 600 electronic gaming machines, approximately 100 gaming tables, several hotels with approximately 400 rooms, and a retail and restaurant complex.” - IAG
Share on Google Plus

About Makisig Bayani

I am among of the head writers and administrators of this repository news web site. I always on the heads up when it comes to Sports, Politics, Economy, Business, Physics, Mathematics, Technology, computers and NEWS all over the world that triggers ny eyes and interests. I am working as a volunteer with other 14 administrators, researchers, writers and contributors. We are a strong solid team. Join us and be among of the contributor with your name on each posted article.

    Anonymous or Google Comment
    Facebook Comment

YOU MAY LIKE TO READ

LEARN FOREX TRADING AND GET RICH

Investment Recommendation: Bitcoin Investments

Live trading with Bitcoin through ETORO Trading platform would allow you to grow your $100 to $1,000 Dollars or more in just a day. Just learn how to trade and enjoy the windfall of profits. Take note, Bitcoin is more expensive than Gold now.


Where to buy Bitcoins?

For Philippine customers: You could buy Bitcoin Online at Coins.ph
For outside the Philippines customers  may buy Bitcoins online at Coinbase.com