Inquirer
Dennis Uy Cebu casino license revoked
PH Resorts Group Holdings Inc. (PHR), led by businessman Dennis Uy, had its provisional license for a casino project in Cebu revoked by the Philippine Amusement and Gaming Corp. (Pagcor).
The revocation applies to PHR's subsidiaries, Lapulapu Leisure Inc. and Lapulapu Land Corp., which were slated to operate the integrated resort and casino in Mactan.
The company stated that this development is not expected to affect its financial performance as the project had not yet begun commercial operations.
PHR also indicated its intention to pursue other business opportunities.
Previously, a potential team-up with construction giant EEI Corp. for the project was deemed no longer feasible.
Additionally, Okada Manila operator Tiger Resort Leisure and Entertainment Inc. (TRLEI) had terminated a deal in mid-2024 that would have allowed TRLEI to acquire a majority ownership stake in PH Travel subsidiaries, a move that followed earlier construction snags and payment issues for the project which began in 2017.
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