Chinabank Prepares to Offload Emerald Bay Casino Site in Cebu
After the expiration of a leaseback agreement with PH Resorts Group Holdings Inc.,China Banking Corp. has confirmed it is proceeding with the sale of the 12.4-hectare beachfront property in Mactan, Cebu, once intended to house the Emerald Bay Resort and Casino. This decision comes after PH Resorts, led by businessman Dennis Uy, failed to exercise its buyback option before the […]
After the expiration of a leaseback agreement with PH Resorts Group Holdings Inc.,China Banking Corp. has confirmed it is proceeding with the sale of the 12.4-hectare beachfront property in Mactan, Cebu, once intended to house the Emerald Bay Resort and Casino. This decision comes after PH Resorts, led by businessman Dennis Uy, failed to exercise its buyback option before the […]
