New Philippine casino industry player bullish on Cebu integrated resort

Rising Philippine casino operator Udenna Development Corp. targets to break ground the country’s first-ever integrated resort outside Manila in the coming weeks.

BusinessWorld reported that Udenna is set to complete the funding requirements of Lapu-Lapu Leisure Mactan, making it possible for the Dennis Uy-led to break ground before the end of July or August.

Uy announced that local financial institution China Bank has agreed to give a debt component to the project. He said that the bank is “very supportive” that an agreement between the two parties will be inked soon.

While he’s open to forge a partnership with foreign groups, Uy contends that Filipinos can do it on their own.