PH Resorts Group Holdings, led by Philippine business magnate Dennis Uy, has joined forces with EEI Corporation to breathe new life into the long-delayed Emerald Bay Resort and Casino project in Mactan, Cebu. This partnership signals a new chapter for the $300 million integrated resort, which has faced multiple hurdles since its inception in 2017.
A Strategic Alliance to Complete the Project
The partnership between PH Resorts and EEI Corporation was solidified through a Memorandum of Understanding (MoU) involving Udenna Corporation, the parent company of PH Resorts. EEI Corporation, a leading construction firm partially owned by RYM Business Management—an entity linked to the family of Martin Romualdez, the Speaker of the House and cousin to President Ferdinand Marcos Jr.—will oversee the financing, construction, and eventual completion of the resort.
The collaboration is contingent on finalizing definitive agreements and obtaining the necessary regulatory approvals. This new alliance underscores the importance of strategic partnerships in revitalizing ambitious projects in the Philippines.
Overcoming Delays: The Journey of Emerald Bay
The Emerald Bay project was initially launched in 2017 with grand ambitions to establish a world-class resort in Mactan, Cebu. However, it has faced numerous delays due to financial constraints, regulatory challenges, and disruptions caused by the COVID-19 pandemic.
This renewed partnership with EEI marks a significant turning point, offering fresh momentum to achieve the project’s vision. The involvement of EEI, a reputable construction and engineering firm, instills confidence in the timeline and quality of the project’s completion.
Features and Vision of Emerald Bay Resort and Casino
Upon completion, the Emerald Bay Resort and Casino promises to set a new benchmark for luxury and entertainment in the region. The resort will include:
A Five-Star Hotel: Featuring 642 opulent rooms designed to cater to both leisure and business travelers.
Gaming Facilities: A sprawling casino floor boasting over 700 electronic gaming machines and more than 140 table games, offering a premium gaming experience for visitors.
World-Class Amenities: A blend of dining options, retail spaces, and entertainment venues, ensuring a comprehensive luxury experience for guests.
These features are expected to make Emerald Bay a premier destination, attracting both local and international tourists while boosting Cebu’s profile as a hub for high-end tourism.
A Boost for the Philippine Economy and Tourism
The revival of the Emerald Bay project is not just a win for PH Resorts but also a significant boost for the Philippine gaming and hospitality industry. The project’s completion is expected to create thousands of jobs during construction and operation, stimulate local businesses, and enhance Cebu’s reputation as a tourist hotspot.
The project also signals a broader trend of renewed investor confidence in the Philippine gaming sector, which is recovering from the impacts of the pandemic. The Emerald Bay Resort and Casino stands poised to contribute significantly to the region’s economic development by drawing in tourists, increasing government revenues, and fostering local growth.
Commitment to Excellence and Responsible Gaming
PH Resorts has emphasized its commitment to delivering a world-class resort while upholding the highest standards of integrity and responsible gaming. By collaborating with a reputable partner like EEI Corporation, the company ensures the project aligns with its vision of providing exceptional experiences to its patrons.
Dennis Uy, the visionary behind the project, stated that the partnership with EEI Corporation reflects the company’s dedication to overcoming challenges and delivering on its promise to stakeholders and future guests.
The Path Ahead: Next Steps for Emerald Bay
The partnership is currently in the phase of finalizing legal agreements and securing the necessary regulatory clearances. Once these milestones are achieved, construction activities will accelerate, bringing the long-awaited Emerald Bay closer to reality.
PH Resorts and EEI Corporation are committed to ensuring the timely and successful completion of the project, aiming for a grand opening that will mark a significant moment in the history of Philippine tourism and entertainment.
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