Are you ready for the new “Las Vegas of Cebu”?
Sprawling on a 13.5-heactare site in Punta Engaño in Mactan, the Emerald Bay Mactan Resort and Casino is the first large-scale, gaming-anchored hospitality development outside the Philippines capital, Manila.
Davao-based businessman Dennis Uy, the President of PH Resorts Group Holdings, the gaming and tourism holding company of the Udenna Group, has fast-tracked the completion of its new casino resort’s first phase by the end of 2021.
The Emerald Bay will initially feature:
- 830 all-suite rooms,
- a penthouse,
- a royal suite a
- 5 ultra-luxurious villas,
- 122 gaming tables for mass, premium mass and junkets, and
- 600 electronic gaming machines, among others.
The development will also include themed retail outlets, an activity centre and extensive food and beverage offerings, all in a beach resort setting.
Though the first phase of the casino was set to open on the second quarter of 2022, Uy’s PH Resorts Group Holdings is eyeing to open earlier than expected, by the end of 2021.
“We remain very committed to the long-term growth story of tourism and gaming in the Philippines. While many challenges remain, we are confident of overcoming them as we see some recovery by the time the first phase of Emerald Bay is completed and opened to the public,”– Dennis Uy, PH Resorts Group Holdings President
PH Resorts will be issuing P1.125 billion worth of shares to its shareholders just to ensure the completion of this project.
Unicapital Inc. and Abacus Capital and Investment Corp. have been tapped as lead and co-lead underwriters, respectively.
Watch this aerial video from KD Aerial Cebu shot last February 2020: