Dennis Uy’s PH Resorts signs letter of intent with Japanese junket operator By TED CORDERO, GMA News
Published May 7, 2021 4:16pm PH Resorts Group Holdings Inc., businessman Dennis Uy’s Udenna Group’s gaming and hospitality subsidiary, said Friday it inked a letter of intent (LOI) with a potential Japanese junket operator for its integrated resort in Mactan, Cebu. In a statement, PH Resorts said the LOI was signed with ASKI Japan CEO Nobuhiro Imigi and PH Resorts COO José Angel Sueiro. The LOI will form the basis for ASKI to be a potential junket operator in PH Resorts’ Emerald Bay integrated resort in Mactan.
PH Resorts Group Holdings Inc said in a Thursday filing to the Philippine Stock Exchange that it had signed a letter of intent with an entity called ASKI Japan Ltd, regarding provision of junket-player services to PH Resorts’ under-construction Emerald Bay casino resort (pictured in a file photo) in Cebu.
ASKI Japan was described in the announcement as an affiliate of Global Mix Corp, a “provider of integrated resort [IR] consulting services in Japan”. PH Resorts is the gaming and hospitality subsidiary of Philippine conglomerate Udenna Corp.
The letter of intent was signed on Wednesday between ASKI Japan chief executive, Nobuhiro Imigi, and PH Resorts’ chief operating officer (COO), José Angel Sueiro.