Friday, September 25, 2020

Tag: cebu

Dennis Uy looks to develop second Cebu resort

Dennis Uy
Davao-based businessman Dennis Uy is looking to develop a second integrated resort in Cebu.   Uy will lease a four-hectare property near the Mactan Cebu International Airport from Megawide, which he plans to develop as a hotel and casino project. Last month, it was reported that Uy’s Udenna Corp was considering an Initial Public Offering (IPO) or backdoor listing to fund its...

Udenna considers IPO for Cebu resort

ICR - Udenna Cebu casino project ipo
Udenna Corp is considering an Initial Public Offering (IPO) or backdoor listing to fund its latest integrated resort development on the island of Cebu.   The $341m Emerald Resort and Casino is to be built on a 12.5 hectare beachfront plot on Mactan island in Lapu-Lapu City, and will be constructed by the company’s subsidiary Udenna Development Corp. “We are looking at...

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