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Still no white knight: Okada parent ends talks with Dennis Uy’s Emerald Bay casino resort

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Philippine Tycoons News

Dennis Uy,Hotels And Resorts,Business

The parent of Okada Manila is the third company to walk away from asset sale talks with Dennis Uy's PH Resorts to complete the Emerald Bay project in Mactan, Cebu

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In a stock exchange filing on Tuesday, July 2, Uy’s PH Resorts said they received a letter from Tiger Resort Leisure and Entertainment Inc. , one of the parent companies of Okada Manila, terminating the term sheet signed last December 8, 2023. “his development shall give PHR the opportunity to engage with other parties which have already expressed their keen interest in the Emerald Bay Project, but have been unable to formalize due to the restrictions under the

 

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