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In the Philippines and local conglomerate Udenna Corporation has reportedly announced that the opening of its coming Emerald Bay Resort and Casino has been pushed back by over a year to early-2022.
According to a report from Inside Asian Gaming, the Davao City-headquartered firm began work on the $341 million integrated casino resort through its PH Resorts Group Holdings Incorporated subsidiary in July of 2017 with the intention of being able to officially inaugurate the five-start facility sometime later this year.
Project postponed:
However, it was also reported that this timeline has been seriously delayed due to the imposition of coronavirus-related counter-measures and quarantine protocols with Udenna Corporation now not expected to begin welcoming guests to the Paul Steelman-designed property until the first quarter of 2022.
Substantial undertaking:
The finished Emerald Bay 
Resort and Casino is due to sit on a 13.5-acre plot of beachfront land on the central island of Mactan and feature some 838 hotel rooms as well as an 81,644 sq ft casino offering a selection of 1,186 slots and 146 gaming tables. The source detailed that the completed Philippines facility will moreover be located approximately 3.7 miles from Mactan-Cebu International Airport and come complete with 18 restaurants, 86,111 sq ft of retail space and a convention center.
Financial fallout:
Udenna used an official June 8 filing to explain that it has been endeavoring to adjust to the impacts of the ongoing coronavirus pandemic but nevertheless recorded an overall first-quarter net loss of about $2.76 million due in large part to a 54.9% year-on-year drop in operating revenues to just $189,700.
Read a statement from Udenna…
“Due to the pandemic, Udenna Corporation sees 2020 as a challenging year across all of its businesses but it has rapidly adjusted to the situation by implementing measures to ensure that its people remain safe, keep operations on a business-as-usual mode and preserve its resources.”
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