{"id":777016712,"date":"2024-06-25T09:33:27","date_gmt":"2024-06-25T12:33:27","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777016712"},"modified":"2026-04-22T08:48:35","modified_gmt":"2026-04-22T11:48:35","slug":"ph-resorts-aims-to-finalise-emerald-bay-sale-by-july","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/ph-resorts-aims-to-finalise-emerald-bay-sale-by-july","title":{"rendered":"PH Resorts aims to finalise Emerald Bay sale by July"},"content":{"rendered":"\n<p>PH Resorts said negotiations with Okada Group are progressing.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>The Philippines.- PH Resorts Group Holdings has denied a breakdown in negotiations between the company and the Okada Group regarding the sale of the <a href=\"https:\/\/focusgn.com\/asia-pacific\/dennis-uy-finds-potential-buyer-for-emerald-bay-project\" target=\"_blank\" rel=\"noreferrer noopener\">Emerald Bay Resort and Casino project<\/a>. It said it is working to reach an agreement by July.<\/p>\n\n\n\n<p>It said: &#8220;The report that there is a disagreement on commercial terms as there are \u201cunrealistic terms\u201d set by the selling party is largely unfounded and not even part of the current discussions between the relevant parties.&#8221;<\/p>\n\n\n\n<p>Last December, Tiger Resort, Leisure, and Entertainment (TRLEI) reached a preliminary deal with PH Travel and Leisure Holdings Corporation, a subsidiary of PH Resorts Group Holdings, to <a href=\"https:\/\/focusgn.com\/asia-pacific\/universal-ent-to-invest-in-dennis-uys-emerald-bay-resort-project\" target=\"_blank\" rel=\"noreferrer noopener\">acquire a majority stake<\/a> in the Emerald Bay Resort, a planned five-star integrated resort in Cebu. The deal would allow TRLEI to expand beyond Okada Manila in Para\u00f1aque.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PH Resorts said negotiations with Okada Group are progressing.<\/p>\n","protected":false},"author":176,"featured_media":777006346,"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 Group Holdings has refuted reports of stalled negotiations with Okada Group's Tiger Resort, Leisure, and Entertainment (TRLEI) concerning the sale of the Emerald Bay Resort and Casino project. The parties are actively progressing towards a definitive agreement by July, which would enable TRLEI's strategic expansion beyond Okada Manila into Cebu's integrated resort market.","focusai_entities":"PH Resorts Group Holdings, Okada Group, Tiger Resort, Leisure, and Entertainment, PH Travel and Leisure Holdings Corporation","focusai_location":"Philippines, Cebu, Para\u00f1aque","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.8), operator_casino (0.9), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Deal Structure Details","query":"What are the specific commercial terms under negotiation, and how do they align with current market valuations for integrated resort assets in the Philippines?"},{"label":"Regulatory Approval Timeline","query":"What is the anticipated timeline for securing necessary regulatory approvals from PAGCOR and other relevant Philippine authorities for this change of control?"}],"footnotes":""},"categories":[157,16333],"tags":[8986,23807],"class_list":["post-777016712","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-east-asia-news","tag-okada-manila","tag-ph-resorts"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777016712","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=777016712"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777016712\/revisions"}],"predecessor-version":[{"id":777016719,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777016712\/revisions\/777016719"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777006346"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777016712"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777016712"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777016712"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}