Philippine Regulator Revokes License for Mactan Casino Project
Friday 19 de December 2025 / 12:00
⏱ 1 min read
(Manila).- Pagcor’s decision ends PH Resorts’ planned Emerald Bay integrated resort in Cebu and halts partnership talks with EEI Corp.
PH Resorts Group Holdings Inc., the gaming and hospitality arm of Dennis Uy’s Udenna Corp., has confirmed that the Philippine Amusement and Gaming Corp. (Pagcor) has revoked the provisional gaming license for its planned Mactan casino project in Cebu.
In a disclosure to the Philippine Stock Exchange, PH Resorts said its subsidiaries, Lapulapu Leisure Inc. and Lapulapu Land Corp., received formal notice of Pagcor’s board approval to cancel the provisional license for the integrated resort and casino development in Mactan.
The company said the revocation is not expected to have a material impact on its current financial position. However, it effectively ends any potential partnership with EEI Corp., as discussions were still preliminary and had not progressed to binding agreements.
PH Resorts and EEI signed a memorandum of understanding in December 2024 to explore a possible partnership to complete the long-delayed project. Following Pagcor’s decision, PH Resorts said the partnership is “no longer feasible.”
The planned $300-million Emerald Bay Resort and Casino has faced persistent delays and funding challenges since construction began in 2017. In May 2022, Udenna entered into a term sheet with Bloomberry Resorts Corp., led by Enrique Razon, to finance the project, but the agreement was terminated 10 months later.
Investor interest has continued to wane. In July last year, Tiger Resort Leisure & Entertainment Inc. also withdrew from talks to acquire a stake in the Mactan casino resort, further dimming prospects for the project’s completion.
Categoría:Legislation
Tags: Sin tags
País: Philippines
Región: Asia
Event
PERU GAMING SHOW – PGS 2026
17 de June 2026
ProntoPaga Consolidates Its Position at Peru Gaming Show 2026
(Lima, SoloAzar Exclusive).- Juan Carlos Loza, Head of Sales Latam at ProntoPaga, spoke exclusively after the company's participation in Peru Gaming Show 2026, highlighting the agreements reached, the interest in their payment solutions, and the expansion plans that will drive their growth across Latin America.
Monday 03 Aug 2026 / 12:00
Enhancing Responsible Gaming Through Effective Training at PGS 2026
(Lima, SoloAzar Exclusive) – Training, prevention, and technology took center stage at the "Value of Responsible Gaming in Gambling Operations" conference during the 2026 Perú Gaming Show (PGS). Presented by Fernando Calderón Castro, President of the National Gaming Society (SONAJA), the session brought industry leaders together to tackle current challenges and explore strategies for safer, more transparent, and sustainable operations.
Wednesday 22 Jul 2026 / 12:00
LSports at the Peru Gaming Show: Building Presence, Opening Doors
(Lima, SoloAzar Exclusive).- The Peru Gaming Show was never just about the booth. For LSports, it was about showing up in a market where showing up still matters — and leaving with more than a contact list. Federico Brancato, Sales Manager for the LATAM Region, came to Lima with a clear sense of what operators in this part of Latin America need most right now. What he found confirmed it.
Friday 17 Jul 2026 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.
