PAGCOR cancels PH Resorts’ provisional casino licence for Emerald Bay
PAGCOR cancelled PH Resorts Group Holdings’ provisional casino licence for its Emerald Bay project, citing the company’s lack of funds to complete construction. The Philippine Stock Exchange plans to move PH Resorts from its Casinos & Gaming subsector to Hotel & Leisure on 5 January; the company said it is still assessing options and has no fixed plans.
The licence cancellation ends PH Resorts’ immediate casino project path and changes its exchange-sector classification.