Dennis Uy’s PH Resorts signs letter of intent with Japanese junket operator

PH Resorts Group Holdings Inc., businessman Dennis Uy’s Udenna Group’s gaming and hospitality subsidiary, said Friday it inked a letter of intent (LOI) with a potential Japanese junket operator for its integrated resort in Mactan, Cebu.

In a statement, PH Resorts said the LOI was signed with ASKI Japan CEO Nobuhiro Imigi and PH Resorts COO José Angel Sueiro.

The LOI will form the basis for ASKI to be a potential junket operator in PH Resorts’ Emerald Bay integrated resort in Mactan.

ASKI Japan Ltd., an affiliate of Global Mix Corporation, provides junket and VIP gaming services for Japanese players within Asia, which include junket operations in Paradise City, Paradise Casino Busan in Korea as well as in two integrated resorts in Entertainment City in the Philippines under the Friday Club brand.

“We are very excited to get ASKI as a potential partner in the junket and VIP segment of Emerald Bay. The Japanese are no strangers to the Philippines, particularly Cebu, and we believe that Emerald Bay will be a very welcome attraction to them when it opens,” said Sueiro.

Emerald Bay is currently under construction, PH Resorts said.

Upon completion of the first phase, Emerald Bay will feature 122 gaming tables for mass, premium mass, and junkets; 600 electronic gaming machines (EGM); and 270 hotel room bays.

“We are looking forward to being strong partners with PH Resorts in Emerald Bay. We want to be ready and hit the ground running when the tourism and gaming industry recovers from the pandemic. Our players are always looking for new and fun gaming destinations and Emerald Bay fits the bill with its convenient location just a few minutes from the airport and with a long and beautiful beachfront feature,” Imigi said.—AOL, GMA News