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Belle Corp is developing a Clark Integrated Resort, expanding its gaming footprint in the Philippines. This move highlights confidence in the growing local market. Belle Corporation is betting big on the future of gaming in the Philippines, particularly in Clark, Pampanga, as the former US air base transforms into a new hub for tourism and entertainment.  In a Philippine Stock Exchange disclosure published January 9, the company announced plans to develop an integrated resort in the area, signaling its confidence in the continued growth of the domestic gaming market. In a July 2024 filing with the Philippine Stock Exchange, Belle confirmed that gaming-focused investment companies under its 98.26%-owned subsidiary, Premium Leisure Corp. (PLC), have officially applied for a gaming license from government regulators. This move underscores Belle’s strategic focus on expanding its footprint in the Philippine gaming landscape. “We remain upbeat on the Company’s growth prospects and bullish on the Philippine gaming market and its resilience despite industry headwinds,” said Belle President and CEO Armin Raquel Santos. He further added that Belle, through its gaming subsidiaries, is actively exploring and pursuing related ventures and high-growth opportunities within the gaming sector, with the goal of enhancing shareholder value and meeting its commitments to all stakeholders. Belle Corporation has been a significant player in the Philippine gaming and casino industry for years. Its involvement is primarily centered around its stake in the Entertainment City development in Manila, a large-scale gaming and entertainment complex envisioned to rival Macau and Las Vegas.  Belle’s flagship involvement is through its lease of the land and buildings housing City of Dreams Manila to Melco Resorts and Entertainment (Philippines) Corporation. While Melco operates the casino and resort, Belle benefits from lease income and also earns a share of gross gaming revenues through its majority ownership of PLC, which has an operating agreement with Melco's subsidiary, Premium Leisure and Amusement, Inc. This structure allows Belle to participate in the lucrative gaming market without directly managing casino operations. The move into Clark represents a strategic diversification for Belle. Clark has been steadily gaining traction as a new center for tourism and investment, driven by government efforts to develop the area’s infrastructure and attract businesses. The establishment of integrated resorts in Clark is seen as a key component of this strategy, aiming to attract both local and international tourists. Clark, with its proximity to Metro Manila and its existing international airport, is considered a prime location for this expansion. While the application for a gaming license is a significant step, the development of an integrated resort involves a complex process that includes securing regulatory approvals, securing financing, and completing construction.  However, Belle’s established presence in the Philippine gaming industry, coupled with its strong financial position, positions it well to capitalize on the opportunities presented by the burgeoning Clark gaming market. The company’s focus on exploring new ventures and maximizing growth opportunities within the gaming sector indicates a continued commitment to this industry as a key driver of its future success. Belle Corporation developed major tourist destinations like City of Dreams Manila and Tagaytay Highlands, encompassing both gaming and non-gaming attractions. Belle leases its integrated resort property at City of Dreams to Melco Resorts, earning both lease income and a share of gaming revenues through its majority ownership in Premium Leisure Corp. (PLC). Read related article: PH Gaming GGR Grows 37.52% to P94.61 Billion in 2024 Q3

Okada Manila's operator joins the International Gaming Standards Association (IGSA) as a silver member alongside industry giants like Intel and Konami. Okada Manila operator Universal Entertainment Corporation (UEC) is now a member of the International Gaming Standards Association.  UEC's logo was included in the list of current members as of January 8 as a "silver member," side by side with the likes of Intel and Konami Gaming. The formal announcement was uploaded on their LinkedIn page, past midnight of January 8 (GMT+8 time.)  Mark Pace, who heads IGSA, said the organization was “very excited” to welcome UEC, adding that their standards “can play a significant role in Universal’s growth." Primarily known as a leading Japanese developer of pachislot and pachinko machines, UEC also owns the Okada Manila integrated resort in the Philippines.  IGSA described UEC as a “leading provider of Pachislot & Pachnko machines and peripheral equipment. READ: Okada Manila Operator Halts PH Stock Exchange Listing Plans UEC'S Representative Director and President Tomohiro Okada said the operator was looking forward to participating in the research and development of the industry's electronic gaming machine systems.  “We are delighted to be a part of IGSA, and we look forward to participating in the research and development of electronic gaming machine systems in the industry,” Okada said.  READ:   Philippine Hotel Industry to Invest P250B for 40,000 Rooms IGSA works with regulators, operators, and suppliers worldwide to improve the industry and provide their members with valuable resources and strategic advantages. They develop technical standards for the global gaming industry. This will hopefully leverage UEC's operations, particularly for Okada in the Philippines, after Okada Manila experienced a significant downturn in revenue. Last October 2024, it was reported that Okada's total revenue dropped by 30.9% compared to the same period last year, reaching Php9.16 billion (approximately US$158 million). This decline was widespread across various gaming segments. Read related article: Okada Manila Reports 33.4% Revenue Drop to $142M in 3Q 2024

Global EDM icon and Grammy-nominated DJ Steve Aoki is set to headline the INFINITY Florida closing party, kicking off its debut at SBC Summit Americas in Fort Lauderdale.  Known for pushing electronic dance music (EDM) into the mainstream, Aoki will bring his signature energy to an exclusive performance for betting and gaming professionals attending on a full-event pass basis. First introduced at SBC’s flagship event in Lisbon, the INFINITY brand set the stage with unforgettable performances by Darude, Don Diablo, and Miss Monique. The momentum continued in Rio de Janeiro with INFINITY Rio, where Afrojack and Brazil’s own Dubdogz delivered electrifying sets. Now, INFINITY Florida is set to elevate the experience even further, headlined by global superstar Steve Aoki, promising an unforgettable night for electronic music fans. Rasmus Sojmark, CEO and Founder of SBC shared his vision for keeping the INFINITY brand a staple at the company’s biggest events: “The INFINITY parties are our way of giving back to the people who make our events what they are. We all know how intense event days can be, so closing things off with a great party—where everyone can unwind, dance, and celebrate—is the perfect way to wrap up the experience. After days of networking and making business happen, we want our attendees to leave on a high note." Aoki founded Dim Mak Records in 1996 at just 19 years old while studying at the University of California. Originally created to support underground punk and indie rock bands, the label quickly evolved into one of the most influential names in electronic music. Recognizing the rise of EDM, Aoki began signing electro-house artists, playing a key role in bringing electronic music to the mainstream. Dim Mak later expanded beyond music, becoming a fashion brand and event organizer. The DJ’s career is also marked by collaborations with industry powerhouses, from K-pop sensation BTS to genre-blending rock legends Linkin Park and pop star Louis Tomlinson, formerly of One Direction. Aoki’s influence on the global music industry has been recognized with two Grammy nominations, including Best Dance/Electronica Album (Wonderland, 2013) and Best Music Film (I'll Sleep When I'm Dead, 2017). His 2008 Billboard Award win for Best Mix Album of the Year (Pillowface and His Airplane Chronicles) further cemented his influence, underscoring both his commercial success and his ability to push the boundaries of modern electronic music. Sojmark added: “Steve Aoki isn’t just an incredible musician—he’s a showman, an entrepreneur, and the definition of entertainment. I have to admit, I’m wondering if he’ll bring out the cakes in Florida—I think that would be fun! But all jokes aside, he’s built an empire and knows how to put on a show, so we couldn’t be more excited to have him headline our EDM-style party at SBC Summit Americas.” As the betting and gaming industry in the Americas continues to expand, SBC Summit Americas emerges as a strategic evolution—merging two of SBC’s events (SBC Summit North America and SBC Summit Latinoamérica) to create a single, powerful platform. Taking place on May 13-15 , the summit will gather 10,000 industry professionals , offering a world-class product showcase, thought-provoking educational sessions, and premium networking opportunities. Get Your Ticket to SBC Summit Americas:  Group Pass 3+ (Full Event Pass): Available for groups of three or more, this pass grants full access to conference sessions, the expo floor, networking events, and evening parties—all for a discounted rate of $500 per person. Get your Group Pass. Expo+ Pass: Includes access to the expo floor and all conference sessions (does not include access to evening networking events). Get Your Expo+ Pass at $95. Complimentary Operator & Affiliate Passes: Operators and affiliates can apply for free passes, subject to approval. Apply for Your Complimentary Operator Pass. Apply for Your Complimentary Affiliate Pass. Related article: SBC Summit Rio to Welcome EDM Legend Afrojack as INFINITY Headliner

Slotegrator partners with game developer PHOENIX 7 , expanding its gaming content for online casinos and sportsbooks with innovative, Japanese-inspired slots. PHOENIX 7 is an international online casino game provider with a team composed of iGaming experts from Malta, Ukraine, and Japan. The multinational team has extensive experience in every step of game development, from first concept to final launch, with a specialization in games inspired by Japanese pachinko and pachislots.  Now that PHOENIX 7 has signed with Slotegrator, all of the developer’s exciting slots are available for integration through Slotegrator’s APIgrator solution, which offers over 30,000 games from over 180 game providers.  PHOENIX 7's portfolio includes 20 high-quality games localized in 24 languages, making them highly sought after in the global iGaming market. The studio is headquartered in Malta, with development taking place in Ukraine, Poland and Japan: the Ukrainian team is responsible for the technical side, while Japanese specialists implement unique game mechanics inspired by local Asian traditions. PHOENIX 7 combines the traditions of Japan's pachinko and pachislots with cutting-edge online slot technology. Developed on HTML5, the company's games provide a smooth gaming experience on any device and are easy to integrate into online casino sites. “We are incredibly excited to partner with Slotegrator and bring our innovative slot games to a wider audience. Their team's professionalism and expertise made the onboarding process seamless, and we look forward to seeing the results of our collaboration,” noted by PHOENIX 7 team. PHOENIX 7 games meet all international standards, as confirmed by the MGA license and BMM Lab certification. High RTP, jackpots, and sophisticated bonus mechanics contribute to high player retention. Slotegrator is excited about the cooperation and being able to offer games by PHOENIX 7 to its clients. Related article: Maximize Reach with Slotegrator’s New Channelization Report

Chairman Michael Brady launches FC100,000, a groundbreaking fan-led initiative allowing 100,000 football fans worldwide to financially support a historic club. Chairman Michael Brady, leader of Bede Gaming and The Conexus Group, joins forces with BBC football writer Will Brooks to co-found FC100,000, a revolutionary fan-driven initiative. The FC100,000 initiative aims to redefine football club ownership in the UK. It will adopt a social enterprise model, drawing inspiration from the German ‘50+1%’ ownership structure. For a £5 monthly subscription, fans will embark on a unique and historic journey that will disrupt traditional ownership and funding models for football in England.  By joining FC100,000, fans can influence key aspects of the club. This includes having a say on everything from ticket costs to the price of a pint. Regular polls will allow fans to voice their opinions on the club’s affairs, which will then be shared through an FC100,000 representative on the board, with the board implementing final decisions.  This model will prioritise the club's long-term stability and community roots over short-term financial gains. The combination of fan influence and the board’s experience will aid in boosting the club’s infrastructure and community programs, ensuring the club stays true to its roots as it progresses.  Supporters will be invited to engage with the club and the representatives through the FC100,000 app . The app will provide access to subscriber-exclusive content, behind-the-scenes footage, and more throughout the season.  Brady will play a pivotal role in the club’s operations, helping to establish a robust and transparent framework that will work alongside fans to help it climb the leagues of the English football pyramid.  Brady and Brooks will be supported by a team of football experts, including former Premier League and Football League club Executives and sports media professionals. Each of the project’s founding members brings a different perspective, ensuring the club will benefit from a diverse strategic approach.  Michael Brady, Bede Gaming chairman: 'I am excited to launch this social enterprise and hope to introduce a new ownership model for football in the UK. The project depends on us attracting thousands of subscribers to the FC100,000 campaign.  The gaming community has repeatedly proven itself to be a positive force for change, and I would appreciate the support of my network.  Please sign up, tell everybody you know, and, importantly, contact us if you can support our quest to attract 100,000 global subscribers to FC100,000. If we can achieve our subscriber target in the next few months, there will be countless sponsorship opportunities, and I'd like to speak to anybody who thinks they can help." Related article: Dave Watkins Appointed Chief Commercial Officer at Fincore

Kiron Interactive unveils its latest ice hockey-themed titles, set to revolutionize virtual sports betting with cutting-edge gameplay and immersive experiences. Kiron Interactive and PlayWin are bringing hockey legends back to the ice with Legends Shootout, an exciting new betting experience where fans can wager on their favorite NHL icons in intense penalty shootouts.   Featuring legendary names like Mark Messier, Joe Sakic, and more, this virtual game captures the thrill of classic NHL showdowns. Will your favorite legend score the game-winning goal, or will the goalie make a clutch save? The action is fast, the stakes are high, and it’s all available anytime, anywhere. Developed in collaboration with the NHL Alumni Association, Legends Shootout combines nostalgia with cutting-edge excitement, allowing fans to relive the magic of hockey’s greatest stars while enjoying real-time betting action. Robert Miller, President at Kiron Interactive North America said “Hockey has always been about legendary moments, and now fans can be part of them. This game delivers the intensity of a real NHL shootout, bringing legends back into the spotlight.” Available across licensed gaming platforms, Legends Shootout delivers realistic gameplay, dynamic betting options, and nonstop action. Whether you’re a lifelong hockey fan or just love the adrenaline of a shootout, this is your chance to get in the game and be part of the legend’ Kiron will be exhibiting at IGA on stand 1918, connect with the team to learn more about our award-winning portfolio of virtual sports. Related article: Kiron’s Crash Games Set To Take SBC Summit Rio By The Horns

Canadian Gaming Summit 2025 returns to Toronto on June 17-19, uniting industry leaders, regulators, and innovators for Canada’s largest gaming and betting event. With a renewed focus on driving critical conversations on regulatory shifts, emerging technologies, and market expansion, this year’s summit will ensure that voices from coast to coast—including provincial regulators and First Nations gaming leaders—help shape the industry's future. The 28th edition of this legacy event, set at the Metro Toronto Convention Centre, will bring together 3,000 industry professionals , including 1,000 operators , 200 affiliates , 150   expert speakers , and 75 top-tier exhibitors . With a dynamic conference agenda and high-level networking opportunities, the event will be the key meeting point for the  who’s who of Canada’s gaming and betting industry . Rasmus Sojmark, CEO and Founder of SBC, commented: “The Canadian Gaming Summit continues to evolve as the premier gathering for industry leaders across the country. With dynamics shifting and new opportunities emerging, this year’s event will provide a vital platform for meaningful discussions that shape the future of gaming in Canada. From the latest innovations to critical policy debates, we’re bringing together the brightest minds to drive the industry forward.”  The Crown Corporation Lounge  will return to the  show floor  following its successful 2024 debut, where it hosted some of Canada’s leading crown corporations in the gaming and betting sector. As provincial gaming authorities and state-run operators play a critical role in shaping Canada’s regulated market, this exclusive space will serve as a dedicated hub for discussions on policy, innovation, and the future of government-operated gaming. The  2025 agenda  for the event will tackle the political and regulatory shifts shaping the industry, with key discussions on Bill S-269, Ontario Court of Appeal rulings, and evolving advertising restrictions impacting operators. Panels on responsible gambling and consumer protection will examine self-exclusion measures, AI-driven player protection, and the unintended consequences of regulatory policies, ensuring a balanced conversation between compliance and consumer safety. The conference will also spotlight betting and casino innovation, with sessions on micro-betting, omnichannel casino strategies, and the future of online gambling in Alberta. Panels on First Nations gaming, digital payment innovations, and affiliate revenue models will explore new pathways for market expansion, as industry leaders delve into regulatory changes and business strategies driving the next phase of gaming in Canada. The Player Protection Symposium , previously held as a pre-conference event, will now be fully integrated into the core agenda at this year’s summit. Taking place on Thursday, 19 June, this change ensures that all summit attendees can engage with the latest developments in player protection and actively contribute to discussions on ensuring player safety. A key addition to this year’s agenda, the Cybersecurity Symposium will tackle the growing digital threats facing Canada’s gaming industry. With online expansion and regulatory shifts accelerating, operators must stay ahead of cyber risks and fraud to protect their businesses and players. Bringing together cybersecurity experts, operators, and regulators, the symposium will explore emerging threats and provide solutions to safeguard Canada’s gaming ecosystem. A strong networking environment is fundamental to SBC events, ensuring attendees have multiple touchpoints to connect, collaborate, and expand their professional circles. The Canadian Gaming Summit 2025 will feature two evening networking events, hosted in iconic venues that reflect the spirit of Canadian sports and entertainment. On Tuesday, the summit’s Opening Party will be held at RS   Sports   Bar , offering a relaxed space for attendees to gather, pick up their badges, and establish early connections. On Wednesday, the Hockey Hall of Fame  will host an exclusive networking evening, immersing guests in a venue that embodies Canada’s deep-rooted hockey heritage, iconic sports moments, and legendary players. You can secure your Early Bird tickets for the event at just CA$695—a savings of CA$300—until April 28! This ticket grants you full access to the entire Canadian Gaming Summit experience, including the show floor, conference sessions, and exclusive evening networking events. Operators & affiliates can opt for complimentary tickets. Canadian Gaming Summit Ticket Options . Related article: What North America Can Expect at SBC Summit Americas

Fontana Resort and Country Club in Clark Freeport Zone has been ordered to cease operations indefinitely, impacting its hospitality and gaming services. Clark Freeport Zone's Fontana Resort and Country Club has been ordered to cease operations indefinitely, the Clark Development Corporation (CDC) announced late night of January 7.  CDC issued a Cease-and-Desist Order (CDO) on January 6, 2025, against Fontana Development Corporation (FDC) and Fontana Resort and Country Club, Inc. (FRCCI), citing significant breaches of their contractual obligations. This closure comes amidst  controversies surrounding the resort, including recently unpaid wages to hundreds of its workers since November last year.  The order means the immediate halt of all operations within the leased area, including the 52-hectare property managed by Korea Country Club, Inc. (KCCI). This suspension will remain in effect until FDC and FRCCI fully comply with their contractual agreements with the state-owned CDC.    CDC said Fontana consistently failed to meet its financial obligations, commitments in the lease agreement, and safety regulations. These safety regulations include the Fire Code and the National Building Code. The order arrives on the heels of several controversies that have plagued Fontana in recent years. Notably, the resort has faced allegations of unpaid wages to its workers, leading to labor disputes and protests. These allegations have painted a picture of financial mismanagement and disregard for employee welfare. Fontana was embroiled in a separate controversy at the height of the COVID-19 pandemic. Reports surfaced that the resort had established a makeshift hospital exclusively for Chinese nationals who had contracted the virus. This revelation sparked public outrage and raised concerns about preferential treatment and potential breaches of quarantine protocols. The incident further damaged the resort's reputation and raised questions about its adherence to national health guidelines. This shutdown marks a significant development for the Clark Freeport Zone's tourism and leisure sector. The indefinite closure of Fontana Resort, compounded by its history of controversies, will undoubtedly impact local businesses and employment.  The CDC's decisive action, however, underscores the importance of adhering to contractual obligations and prioritizing public safety within the zone. The future of Fontana Resort remains uncertain, pending FDC and FRCCI's response and their ability to rectify not only the contractual violations but also the deep-seated reputational damage stemming from its past controversies. Read related article:   Wage Delays Affect 350 at Fontana Leisure Parks and Casino

NUSTAR Resort & Casino operator's parent firm appoints a new President and CEO, bringing fresh leadership to drive growth and innovation in the gaming industry. Robinsons Land Corporation, the parent firm of NUSTAR Resort & Casino operator, will have a new president and chief executive officer (CEO) after Lance Gokongwei steps down as President and CEO of Robinsons Land Corporation on 1 February 2025. Maria Socorro Isabelle “Mybelle” V. Aragon-GoBio will replace Gokongwei in the position. NUSTAR Resort & Casino is part of RLC's latest projects, boasted as the "only ultra-luxury hotel outside of Metro Manila." The effect of the leadership change in RLC to NUSTAR remains unseen, as his future role as Chairman and CEO of Universal Hotels and Resorts Inc. remains uncertain. "With Mybelle Aragon-GoBio at the helm, we are poised to embark on a new era of transformative growth and innovation. Her commitment to synergy, customer-centricity, and operational excellence will undoubtedly strengthen RLC’s leadership in the real estate industry and deliver even greater value to our stakeholders," RLC said in a statement. Robinsons Land Corporation (RLC) recently announced a planned investment exceeding Php10 billion (US$178 million) for hotel development over the next few years. This includes the newly launched NUSTAR Hotel at NUSTAR Resort, positioned as a "lifestyle brand" that integrates local culture with art and design to offer a distinct, approachable luxury experience. Aragon-Gobio is set to become RLC's first female president and CEO. A company veteran since 1993, she has also served as president and CEO of Robinsons Logistix and Industrials, Bonifacio Property Ventures Inc, and Bacoor R&F Land Corporation.   Meanwhile, Gokongwei will still lead JG Summit Holdings, the conglomerate founded by his father, John Gokongwei Jr., which has diverse holdings in sectors such as airlines, telecommunications, banking, food, energy, and real estate.  Read related article:   NUSTAR Breaks Into Top 6 Largest Casinos in PH After 2 Years

Corona Resort in Phu Quoc will ban local gambling starting Jan 1, 2025, as the government reviews the program, impacting Vietnam's only casino open to locals. Corona Resort & Casino in Phu Quoc will temporarily ban local gambling starting January 1, 2025. This suspension comes after an amendment to the 2017 decree that allowed the program, pending a government review on whether it will continue. The decision follows an amendment to a 2017 decree that initially established the pilot scheme. This decree permitted select Vietnamese citizens, meeting specific financial criteria, to gamble at designated casinos. Corona Resort & Casino was the sole venue operating under this program since its launch in 2019.   A notice on the resort's website confirmed the suspension is "to ensure full compliance with current legal regulations while preparing for adjustments in accordance with future policies."  The resort assures that international customers will not be affected and can continue to access casino services. They also emphasized their commitment to preserving benefits for Vietnamese customers during the suspension period and promised to provide timely updates as new regulations are issued. Prior to this pilot, gambling was largely illegal for Vietnamese citizens, with exceptions for state lotteries and some sports betting. Several casinos cater exclusively to foreign passport holders. The pilot program introduced specific economic criteria for local gamblers, details of which were not publicly disclosed. The 2017 decree introducing the pilot program was initially intended to run for three years. However, its implementation coincided with the opening of Corona Resort in 2019. This meant the program's operational period was shorter than originally planned.   Reports from VietNamNet in August and confirmed in November indicated that authorities intended to maintain the program until at least the end of the calendar year. This recent announcement signifies a shift in that stance, indicating a more comprehensive review is underway. Read related article: Vietnam's Christmas Present? Curbs on Online Casino Games

Mario Ho, chairman of NIP Group, plans to develop esports hotels in Macau , creating a unique hub for gaming enthusiasts and boosting the city's esports industry. NIP Group, a leading esports organization, is planning to develop esports hotels in Macau . Mario Ho, chairman of NIP Group, believes these specialized hotels will diversify the city's tourism offerings and cater to a younger, tech-savvy clientele. "I think the government is very supportive of sports and also … culture in Macau," Ho stated in a CNBC International News Interview. "And esports is an integral part of that, being the most favorite and the most viewed sport for young people." NIP Group, which owns the renowned Ninjas in Pyjamas esports team, plans to offer a unique experience for gamers. High-speed internet, state-of-the-art gaming PCs, dedicated streaming areas, and comfortable gaming chairs would be standard features. Some hotels might even incorporate virtual reality experiences, esports arenas, and dedicated spaces for team training and tournaments. Beyond gaming facilities, esports hotels could also offer a variety of other attractions, including themed restaurants, esports-themed merchandise stores, and opportunities to meet professional gamers. These hotels could become social hubs for the local gaming community, fostering a vibrant and engaging atmosphere that attracts both local and international visitors. The recent collaboration between NIP Group and BTG Homeinns to develop esports-themed hotels in mainland China signals the growing commercial potential of this niche market. This move could inspire Macau's hoteliers to explore similar ventures, leveraging the city's existing infrastructure and entertainment offerings to create a truly unique esports tourism experience. "You’ll see a lot more Macau entrepreneurs going into the world of esports. Myself being perhaps one of the first success stories of a Macau young entrepreneur going into the Chinese mainland market and actually making big waves afterwards in the international markets," shared Ho who also serves as the chairman of the Macau eSports Federation. While still in its early stages, the concept of esports hotels has the potential to significantly impact Macau's tourism landscape. By embracing this emerging trend, Macau can position itself as a leading destination for esports enthusiasts and further solidify its reputation as a dynamic and innovative travel destination. Read related article: What Will Happen to Satellite Casinos of Macau?

If the deal pushes through, construction firm EEI Corp. will finance, construct and complete the 5-star Emerald Bay Resort and Casino project in Lapu-Lapu City. PH Resorts Group Holdings Inc. (PHR), the hospitality and gaming arm of Udenna Corporation, has taken a significant step toward completing its long-delayed Emerald Bay Resort and Casino project in Mactan, Cebu. In a filing with the Philippine Stock Exchange (PSE) on December 9, 2024, the company announced the signing of a Memorandum of Understanding (MOU) with EEI Corporation to finance, construct, and complete the $300-million integrated resort.  The Emerald Bay project, spearheaded by PHR and its subsidiaries Lapulapu Leisure Inc. and Lapulapu Land Corp., has faced numerous hurdles since its inception in 2017. Emerald Bay was envisioned to be Cebu’s second integrated resort after NUSTAR. However, the 5-star integrated resort faced significant setbacks during the COVID-19 pandemic due to financing challenges. This collaboration with EEI is expected to breathe new life into the ambitious venture, which aims to be a premier gaming and resort destination in the Visayas-Mindanao region.    Under the terms of the MOU, EEI Corporation will play a pivotal role in financing and completing the Emerald Bay project, contingent upon the finalization of definitive agreements and securing regulatory approvals. EEI, partially owned by RYM Business Management Corp. — a company linked to Speaker of the House Martin Romualdez — is well-positioned to advance the development of this landmark project.   The Emerald Bay Resort, spanning 13.5 hectares in Punta Engaño, Lapu-Lapu City, is envisioned to feature a five-star hotel with 838 rooms, including five luxury villas. The gaming floor is expected to include 1,186 electronic gaming machines and 146 table games. Additionally, the property will house a retail complex, an 8,000-square-meter convention center, and 18 dining establishments.  Challenges and Setbacks   The Emerald Bay project has faced a series of challenges over the years, ranging from financial setbacks to failed partnerships. In November 2024, PHR reported a net loss of P392.9 million ($6.7 million) for the nine months ending September 30, a significant improvement from its P2.2 billion ($37 million) loss in 2023. However, the company remains financially strained, with liabilities exceeding assets by P12.55 billion ($214 million) and a deficit of P7.22 billion ($123 million).   Previous attempts to secure investment for the project have fallen through. In 2022, PHR’s subsidiary, PH Travel, signed a term sheet with Bloomberry Resorts Corporation for potential investment, but the deal was abandoned in March 2023. A separate agreement with Tiger Resort Leisure & Entertainment Inc., the operator of Okada Manila, was terminated in July 2024.   The partnership with Philippine construction firm EEI Corporation represents a turning point for the Emerald Bay project. Dennis Uy, Chairman of PH Resorts and a known ally of former President Rodrigo Duterte, has been facing some financial difficulties with some of his companies such as Phoenix Petrolum and PH Resorts. The resort is a cornerstone of Udenna Corporation’s hospitality portfolio and is expected to position Mactan, Cebu, as a key player in the global gaming and tourism industry. Emerald Bay aims to attract high-spending tourists and gaming enthusiasts, leveraging Cebu’s strategic location and growing reputation as a tourist hub.   Read related article: Udenna to Back PH Resorts’ Liabilities