PH Resorts Signs Letter of Intent With ASKI Japan

PH Resorts Group Holdings, Inc. (“PHR” or the “Company”), the Udenna Group’s gaming and hospitality subsidiary, signed a Letter of Intent (LOI) with ASKI Japan Limited, an affiliate of Global Mix Corporation, a provider of IR consulting services in Japan.

ASKI Japan 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.

The LOI was signed yesterday between ASKI Japan CEO Nobuhiro Imigi and PHR COO José Angel Sueiro and it will form the basis for ASKI to be a potential junket operator in PHR’s Emerald Bay integrated resort in Mactan, Cebu.

“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,” enthused Mr Sueiro.

Mr Imigi added,

“We are looking forward to being strong partners with PHR 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.”

Emerald Bay is currently under construction. 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.

Source: PH Resorts Group Holdings


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