PH RESORTS Group Holdings, Inc. has signed a letter of intent (LOI) with potential junket operator ASKI Japan Ltd. for the company’s integrated resort Emerald Bay, which is located in Mactan, Cebu.
“We are very excited to get ASKI as a potential partner in the junket and VIP segment of Emerald Bay,” said PH Resorts Chief Operating Officer Jose Angel Sueiro in a statement on Thursday.
ASKI Japan, an affiliate of Global Mix Corp., is a junket and VIP gaming services provider for Japanese players in Asia, with Korea’s Paradise Casino Busan and two Friday Club resorts in Entertainment City in the Philippines included in its clientele.
ASKI Japan’s Chief Executive Officer Nobuhiro Imigi signed the document on behalf of the firm and said he looks forward to the post-pandemic recovery of the tourism and gaming industry.
“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,” Mr. Imigi added.
The company’s Emerald Bay project in Mactan is still under construction.
It will feature 122 gaming tables for mass, premium mass, and junkets, 600 electronic gaming machines, and 270 hotel room bays.
Shares on PH Resorts Group at the stock exchange closed unchanged on Thursday at P1.93 each. — Keren Concepcion G. Valmonte
