PH Resorts Group, the gaming and hotel division of Philippine business giant Udenna Group, has postponed the planned opening date of its new integrated resort in Cebu, Emerald Bay, to the first quarter of 2023.
The company referred to the updated deadlines in a progress report filed on Monday with the Philippine Stock Exchange, while the launch of Emerald Bay was previously scheduled for 3Q22.
Revealing that almost 41% of the construction of Phase 1 is completed, and interior and finishing work will begin soon, PH Resorts Group stated that
“closely cooperates with its primary design (Steelman Partners), project management (Tenman HK Limited) and construction. (Terp Asia Construction Corporation) to ensure the completion of the first phase of the Emerald Bay project and to begin work in full in accordance with the budget and in accordance with the planned opening plan in the first quarter of 2023.”
At the first stage, there will be 4,154 square meters of a gaming floor with 600 slot machines, 122 gaming tables, a five-star hotel with 270 rooms, five food and beverage outlets and “a partially completed 300-meter-long beach that will be open to resort guests.”
Phase 2, which will be completed by 2027, will add another 8210 square meters of gaming hall, 729 slot machines, 146 gaming tables, 780 five-star hotel rooms, five villas, four swimming pools, MICE facilities and 16 food and beverage outlets.
The delay in opening Phase 1 came after PH Resorts Group announced last week that it had requested and received permission from Philippine gambling regulator PAGCOR to voluntarily suspend a temporary license for another IR development in Clark, known as The Base, in part to allow the company to focus on completing the Emerald Bay development.
Source: Inside Asian Gaming