Razon pulls out of casino investment deal with Davao’s Dennis Uy

  • 📰 inquirerdotnet
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 86%

United States News News

United States United States Latest News,United States United States Headlines

Billionaire Enrique Razon Jr. is pulling out of a deal to invest in the Cebu and Clark casino projects of Davao-based tycoon Dennis A. Uy’s PH Resorts Group Holdings, causing shares of the latter to fall. | miguelrcamusINQ /PDI

Shares of PH Resorts, part of Uy’s Udenna Group, fell fell 5.88 percent to P0.80 each while Bloomberry rose 2.13 percent to P9.10 per share.

“This development gives [PH Resorts] the opportunity to reenter into discussions with other parties that were previously put into the backburner due to the contemplated investment by Bloomberry,” he added.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

miguelrcamusINQ Wala nang reflected power si Dennis Uy. Malamlam na kasi ang power ng bossman niya.

miguelrcamusINQ

United States United States Latest News, United States United States Headlines