{"id":32092,"date":"2022-07-26T05:37:21","date_gmt":"2022-07-26T08:37:21","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=32092"},"modified":"2026-04-23T06:32:19","modified_gmt":"2026-04-23T09:32:19","slug":"udenna-corp-settles-global-gateway-debt","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/udenna-corp-settles-global-gateway-debt","title":{"rendered":"Udenna Corp settles Global Gateway debt"},"content":{"rendered":"\n<p>Udenna Corp has reported it has settled a US$4m debt with Clark International Airport.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>The Philippines.-\u00a0<strong>The Udenna Corporation<\/strong>, the company that owns\u00a0PH Resorts, has reported through a press release that it has settled a US$4m debt that Global Gateway Development Corp (GGDC) had with Clark International Airport Corp. It said that it settled the debt ahead of the July 27 deadline, avoiding a default.<\/p>\n\n\n\n<p>The company said: \u201cWe hope this clarifies this matter, and we appreciate the continued support provided by consortium banks to Udenna Corp. We have always believed that they positively agree to our approach on this matter.\u201d<\/p>\n\n\n\n<p><a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/ph-resorts-postpones-cebu-ir-first-phase-opening-to-q1-2023\" rel=\"noreferrer noopener\">PH Resorts<\/a>&nbsp;is building the Emerald Bay Resort on Cebu. Last year, the company announced it hoped to launch the first phase of the IR by the first quarter of 2023.&nbsp;<\/p>\n\n\n\n<p>The first phase of the&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/ph-resorts-to-raise-us15m-for-emerald-bay-complex\" rel=\"noreferrer noopener\">US$465m IR<\/a>&nbsp;will include 122 gaming tables, 600 electronic gaming machines and a five-star hotel, with 270 rooms. The second phase, which will add more than 700 electronic gaming machines and 146 additional gaming tables, is now slated for completion<strong>&nbsp;by 2027<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Udenna Corp has reported it has settled a US$4m debt with Clark International Airport.<\/p>\n","protected":false},"author":176,"featured_media":11229,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Udenna Corp, parent company of PH Resorts, has settled a US$4 million debt owed by Global Gateway Development Corp to Clark International Airport Corp, avoiding a default. This financial resolution precedes the ongoing development of PH Resorts' US$465 million Emerald Bay Integrated Resort in Cebu, with its first phase targeting a Q1 2023 launch and the second by 2027.","focusai_entities":"Udenna Corp, PH Resorts, Global Gateway Development Corp, Clark International Airport Corp","focusai_location":"Philippines, Cebu, Clark","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.7), operator_casino (0.9), marketing_crm (0.7), investor_analyst (0.95), supplier_vendor (0.85), journalist_researcher (0.9)","focusai_suggestions":[{"label":"IR Project Funding","query":"What is the current capital expenditure funding structure for the Emerald Bay Integrated Resort, and how does this debt settlement impact its long-term financial viability?"},{"label":"Regulatory Compliance Implications","query":"How does Udenna Corp's debt management history influence its ongoing regulatory compliance and suitability for gaming licenses in the Philippines?"}],"footnotes":""},"categories":[163,16333],"tags":[23807],"class_list":["post-32092","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-east-asia-news","tag-ph-resorts"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/32092","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=32092"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/32092\/revisions"}],"predecessor-version":[{"id":32104,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/32092\/revisions\/32104"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/11229"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=32092"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=32092"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=32092"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}