Acesite delays Manila hotel and casino redevelopment resumption to 2028
Acesite said it has paused redevelopment of Waterfront Manila Hotel & Casino and is focusing on maintenance, with work not expected to resume before 2028. The company cited a weak Chinese gaming market, online competition and high oil prices; it previously estimated redevelopment costs at Php3.6 billion, up from Php1.5 billion in insured funds.
The delay affects the timing and cost outlook for redevelopment of a Philippine casino property.