push back the launch date for its Cebu IR<\/strong>, Emerald Bay. <\/p>\n\n\n\nThe company had originall hoped for a soft launch by the end of this year<\/strong>. That was put back to the second quarter of 2022<\/strong> due to the impact of the Covid-19 pandemic. It’s now put the completion of phase 1 back to the third quarter of 2022<\/strong>.<\/strong><\/p>\n\n\n\nThe second phase, which will add more than 700 electronic gaming machines and 146 additional gaming tables, is now slated for completion by 2026<\/strong>.<\/p>\n\n\n\nThe second phase will also include space for meetings and exhibitions<\/strong> and a second five-star hotel.<\/p>\n\n\n\nAccording to PH Resorts, the Emerald Bay IR first phase development has an estimated cost of US$238.5m<\/strong>. The second phase has a budget of US$465.4m.<\/p>\n","protected":false},"excerpt":{"rendered":"PH Resorts has announced that it now plans to complete the first phase of its Cebu IR development by the third quarter of 2022.<\/p>\n","protected":false},"author":176,"featured_media":17961,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"PH Resorts has announced a further deferral of the Phase 1 completion for its Emerald Bay Integrated Resort in Cebu, Philippines, now targeting Q3 2022, attributing the adjustment to COVID-19 impacts. The subsequent Phase 2, which includes substantial gaming capacity expansion and additional hospitality infrastructure, is now slated for 2026, with significant capital expenditure commitments outlined for both development stages.","focusai_entities":"PH Resorts","focusai_location":"Philippines, Cebu","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.85), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Capital Structure Impact?","query":"How will the extended development timeline and revised capital expenditure profile impact PH Resorts' debt covenants, liquidity, and future equity financing requirements?"},{"label":"Regulatory Compliance Review?","query":"What specific regulatory compliance reviews or approvals are necessitated by these significant project timeline adjustments for the Emerald Bay IR?"}],"footnotes":""},"categories":[28,16333],"tags":[22872,23632,23907],"class_list":["post-17936","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-news","category-south-east-asia-news","tag-emerald-bay","tag-integrated-resorts","tag-land-based-casino"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17936","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=17936"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17936\/revisions"}],"predecessor-version":[{"id":17962,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17936\/revisions\/17962"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17961"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=17936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=17936"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=17936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}