Dennis Uy Firm Raising Up to $420M to Fund Mactan Casino Resort Project
Source: Philippine Star
Dennis Uy’s PH Resorts Group Holdings Inc. (PSE: PHR) will raise funds for its sprawling integrated casino resort in Mactan, Cebu, its first casino venture which is estimated to cost $600 million.
The company will secure funding through a combination of debt and equity within two to three months, PH Resorts Group president Raymundo Martin Escalona said on the sidelines of the company’s annual stockholders meeting.
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