Udenna Group, of Filipino businessman Dennis Uy, has announced plans for the soft-launch Cebu City hotel and casino resort by March 2022, after the property has withdrawn its opening several times due to difficulties from the coronavirus pandemic.
PH Resorts Group Holdings, Udenna's gaming and hospitality division, said in a stock note that a building that will function as the Emerald Bay Resort & Casino is under construction and the complex is likely. To make a soft opening at the end of the first quarter of next year.
The company laid the groundwork for real estate in late 2017. It is currently under development in the city of Lapu-Lapu in Cebu. Its first phase was scheduled to open in the third quarter of 2020, but the Covid-19 outbreak – 19 and the multiple restrictive measures taken by Philippine lawmakers to curb the spread of the virus – are a major challenge. delay in construction work.
Phase one of the planned facility is currently in 2022. 122 and 600 slot machines and also
a hotel rooms. Future phases include an expanded playground with additional machines and tables, different dining venues, a convention center, more hotel rooms and retail space, among other amenities.
Recovery To Begin By Next Year
Commenting on their newly announced plans, PH Resorts Chief Operating Officer Jose Angel Sueiro, for the opening of the hotel and casino resort, “The first phase of Emerald Bay will be completed in the third quarter of next year. improvement already underway by that time be ideal with ”
Covid – 19 most recently forced the Philippine government to adopt a package of measures aimed at curbing the spread of the virus, including restrictions on international and local travel and the closure of non-essential businesses.
The country's casinos remained closed for months last year, after which they were allowed to continue operating at limited capacity. Second time in March amid the rise in Covid shutdowns ordered – 19 cases. They are currently still closed.
PH Resorts said that as more people will be vaccinated in the coming months, international and domestic flights are likely to reopen to spur a recovery in the country's and region's tourism industry.
The first phase of Emerald Bay is scheduled to open in the third quarter of the year. However, its developer is first to delay the launch of the facility until the end of 2021, and then had to push back next year.
Source: Dennis Uy's casino resort, 2022, ABS-CBN, May 20, 2021