{"id":777044155,"date":"2026-06-26T10:49:05","date_gmt":"2026-06-26T13:49:05","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777044155"},"modified":"2026-06-26T10:49:20","modified_gmt":"2026-06-26T13:49:20","slug":"waterfront-manila-hotel-and-casino-reopening-pushed-back-until-at-least-2028","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/waterfront-manila-hotel-and-casino-reopening-pushed-back-until-at-least-2028","title":{"rendered":"Waterfront Manila Hotel and Casino reopening pushed back until at least 2028"},"content":{"rendered":"\n

Acesite cited rising construction costs and the need to preserve liquidity.<\/p>\n\n\n\n\n\n\n\n

The Philippines.- Acesite Hotel Corporation has reaffirmed that the reopening of the Waterfront Manila Hotel and Casino <\/a>will not be reconsidered before 2028<\/strong>. It cited rising construction costs and the need to preserve liquidity, leading it to postpone all construction-related spending until 2028. <\/p>\n\n\n\n

In a clarification submitted to the Philippine Stock Exchange, the company said the estimated cost of completing the restoration of the property, including its casino areas, had increased to approximately PHP3.6bn (US$58.7m)<\/strong> following a project review. It said the increased costs include inflation-driven increases in labour and construction material costs, as well as the need for additional structural reinforcement works to strengthen the building.<\/p>\n\n\n\n

The company said reconstruction has seen only minimal progress since suspension during the Covid-19 pandemic. It plans to finance an eventual resumption through retained earnings, intercompany borrowings and bank financing.<\/p>\n\n\n

\n\t\t\tSee also:<\/span><\/p>\n
\n\t\t\t\t\"\"<\/p>\n

\n\t\t\t\t\tSee also:<\/span> International Entertainment signs US$9.7m construction deal for Manila casino hotel upgrade<\/a>\n\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

Acesite cited rising construction costs and the need to preserve liquidity.<\/p>\n","protected":false},"author":680,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Acesite Hotel Corporation has deferred the reopening of the Waterfront Manila Hotel and Casino until 2028, citing escalating construction costs, now estimated at PHP3.6bn (US$58.7m), and the imperative to conserve liquidity. This postponement, driven by inflation and structural reinforcement needs, impacts the timeline for a significant integrated resort asset in the Philippines.","focusai_entities":"Acesite Hotel Corporation, Waterfront Manila Hotel and Casino, Philippine Stock Exchange","focusai_location":"Philippines, Manila","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.7), operator_casino (0.8), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Capital Allocation Impact?","query":"How will Acesite's revised capital expenditure plan and liquidity preservation strategy impact its long-term financial health and potential for future gaming vertical expansions?"},{"label":"Market Entry Implications?","query":"What are the competitive implications for existing Manila-based integrated resorts given the extended delay in Waterfront Manila Hotel and Casino's market entry?"}],"footnotes":""},"categories":[157,16333],"tags":[24804,24606],"class_list":["post-777044155","post","type-post","status-publish","format-standard","hentry","category-business-news","category-south-east-asia-news","tag-the-philippines","tag-waterfront-manila-hotel-casino"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777044155","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\/680"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777044155"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777044155\/revisions"}],"predecessor-version":[{"id":777044177,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777044155\/revisions\/777044177"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777044155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777044155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777044155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}