PH Resorts Parent Signs MOU for Emerald Bay Resort, Casino Project

MT Newswires Live

2024/12/11

PH Resorts Group (PSE:PHR) said its parent company, Udenna inked a memorandum of understanding with EEI Corp. (PSE:EEI) for the Emerald Bay Resort and Casino Project in Cebu, Philippines.

The arrangement allows EEI to negotiate financing, construction, and completion of the project through deals with PH Resorts Group, Lapulapu Leisure, and Lapulapu Land, according to a Tuesday Philippines bourse filing.

The property developer will provide further updates once the terms are finalized.

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