The rush to fill the Philippines with casino resorts is on, and another player entered the game on May 23. PH Resorts Group Holdings, the gambling and tourism company of Dennis Uy, announced they are working on a $600 million funding deal to build a resort in Mactan, Cebu, reports The Manila Standard.

The reveal was made on the sidelines of the company’s annual stockholders meeting. Raymundo Martin Escalona, president of the company, told reporters, ““We are hoping to complete our fundraising activity over the next two to three months.” They also expect construction complete by the end of 2020.

The structure of the financing program looks like it will lean on the Philippine Amusement and Gaming Corp (PAGCOR) for 70% of the amount, with an additional 30% coming from equity infusion.

The Emerald, the name of the soon to rise resort, has been announced previously, and plans were divulged for a 1,300 room hotel. We now know a little bit more of how construction will progress, with 400 rooms constructed in phase one, with 100 tables and 600 electronic gaming machines.