AMID the challenges brought about by the Covid-19 pandemic, the construction of Emerald Bay Resort and Casino continues with a projected soft opening by March 2022 and the completion of its first phase is slated in the third quarter of next year.
“The re-imposition of stricter quarantine measures in March earlier this year created more difficulties in the construction of Emerald Bay in terms of labor mobilization and materials delivery just as we were generating momentum,” said PH Resorts Group Holdings chief operating officer Jose Angel Sueiro, during the firm’s 2021 Annual Stockholders’ Meeting.
PH Resorts Group Holdings is the gaming and hospitality arm of Udenna Corp.
The company told the local bourse Thursday, May 20, 2021, that it is banking on the vaccination rollout that will fuel the resumption of both international and local flights spurring the recovery in Philippine tourism.
“The timing of Emerald Bay’s first phase completion by the third quarter of next year will be ideal with the recovery already seen to be well underway by that time,” said Sueiro.
Upon completion of the first phase, Emerald Bay will feature 122 gaming tables for mass, premium mass and junkets; 600 electronic gaming machines and 270 hotel room bays.
Emerald Bay sits on a 13.5- hectare property in Lapu-Lapu City, Mactan.
Meanwhile, PH Resorts Group recently signed a Letter of Intent (LOI) with ASKI Japan Limited, an affiliate of Global Mix Corp., a provider of IR consulting services in Japan.
ASKI Japan provides junket and VIP gaming services for Japanese players within Asia, which include junket operations in Paradise City, Paradise Casino Busan in Korea as well as in two integrated resorts in Entertainment City in the Philippines under the Friday Club brand.
The LOI was signed on May 5, 2021 between ASKI Japan chief executive officer Nobuhiro Imigi and Sueiro, and it will form the basis for ASKI to be a potential junket operator in PHR’s Emerald Bay integrated resort in Mactan, Cebu.
“We are very excited to get ASKI as a potential partner in the junket and VIP segment of Emerald Bay. The Japanese are no strangers to the Philippines, particularly Cebu, and we believe that Emerald Bay will be a very welcome attraction to them when it opens,” said Sueiro. (KOC)