Davao tycoon Dennis A. Uy may have found a new partner in the Yuchengco Group's construction affiliate, EEI Corporation, for the development of his Emerald Bay Resort and Casino Project in Mactan, Cebu. In a disclosure to the Philippine Stock Exchange (PSE), Emerald Bay owners PH Resorts Group...
Tiger Resort Asia Limited (TRAL) has divested its majority stake in publicly-listed Asiabest Group International Inc. (ABG), dashing hopes for the backdoor listing and follow-on offering of integrated resort Okada Manila. In a disclosure to the Philippine Stock Exchange (PSE), ABG stated, “We...
Township developer Megaworld Corporation’s leisure subsidiary Global-Estate Resorts, Inc. (GERI) is investing an initial P5 billion to develop a 117-hectare integrated lifestyle community in the highlands of Cagayan de Oro City. In a joint disclosure to the Philippine Stock Exchange, Megaworld...
Tiger Resort, Leisure and Entertainment Inc. (TRLEI), the local unit of Japan’s Universal Entertainment Corporation and owner of the Okada Manila integrated resort, is looking to attract more tourists from Japan, South Korea, and Southeast Asian countries to boost both gaming and hotel revenues....
PH Resorts Group Holdings Inc., the hotel and casino business unit of Davao tycoon Dennis A. Uy, continues to hold “strategic investor discussions with several parties” for partnerships in, or acquisition of, its integrated resorts while raising funds to meet its obligations. In a disclosure to...
Bloomberry Resorts Corporation, owner and operator of Solaire Resorts and Jeju Sun Hotel & Casino, reported a 58 percent drop in net income for the first nine months of 2024 and a net loss for the third quarter, partly due to Solaire North (SN). In a disclosure to the Philippine Stock Exchange,...
It is beginning to look a lot like The World of Christmas everywhere at Newport World Resorts. With its halls decked in majestic hues of blues and golden reindeer statues up in the air, the country’s pioneer integrated resort brings a holiday wonderland to life as the entire property transforms...
Bloomberry Resorts Corporation, billionaire Enrique K. Razon Jr. leisure and gaming business, reported that its subsidiaries have signed a P72.0 billion Syndicated Refinancing Facility with a group of banks. In a statement, Bloomberry said the agreement was signed by its subsidiaries...
Megaworld Hotels & Resorts (MHR) is the Philippines’ largest hotel operator with 8,500 room keys across 13 hotels and seven brands. The hospitality chain bagged the 2024 World Travel Awards for the Philippines’ Leading Hotel Group award. In the recent PropertyGuru Philippines 2024,...
Robinsons Hotels and Resorts (RHR), a business unit of Robinsons Land Corporation, is set to invest P10 billion to significantly expand its upscale and ultra-luxury portfolio over the next few years. In a disclosure to the Philippine Stock Exchange, Robinsons Land said this strategic investment...
Photo by Kimia on Unsplash This October, Metro Manila will host two major Oktoberfest celebrations, blending Bavarian tradition with modern hospitality. One will take place in the South at Newport City, and the other in the North at Solaire Resort, both promising a memorable experience for...
Alliance Global Group Inc. (AGI), the investment holding company of tycoon Dr. Andrew Tan, is ramping up its hotel business expansion target to over 12,000 rooms by 2028 to 2029 instead of 2030, as it banks on the growth of the tourism industry. In an interview, AGI President and CEO Kevin Andrew...
