Formerly Philippine H2O Ventures. Listed unit of Udenna Corp.
The shareholders of PH Resorts Group have agreed on a merger between the company and its wholly-owned subsidiary PH Travel and Leisure Holdings, with the aim of achieving greater operational efficiency. PH Travel is the holding company for the gaming and hospitality arm of the Udenna Group, which includes LapuLapu Leisure, Inc., Clark Grand Leisure […]
PH Resorts Group is looking to raise around $600 million in funds to support the construction of its $600 million integrated resort in Mactan, Cebu, local media reports. In an interview, PH Resorts president Raymundo Martin Escalona said the company was looking to raise debt and equity to finance the construction of The Emerald, which […]
Philippine H2O Ventures Corp, a subsidiary of Udenna Corp, says it is planning to raise P18.5 billion in capital in order to fund its upcoming casino projects. Said projects include a $300 million casino development called Lapu-Lapu Leisure Mactan in Cebu, as well as a second casino in Clark Global City in the Clark Freeport […]
Privately owned Udenna Corp is planning to shift its hotel and casino assets into a listed unit as it pushes further into the tourism sector in the Philippines.
The Philippines’ regional casinos may not get the same headline publicity as the bigger resorts in Manila, but the number of properties has been growing and their client base evolving as amenities and infrastructure improves.