Embattled PH Resorts Group reported a net loss of PHP392.9 million ($6.7 million) for the nine months ended September 30th, 2024.
The post PH Resorts flags worsening financials due to Emerald Bay development first appeared on Asia Gaming News | AGB – Asia Gaming Brief.
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The state-owned gaming firm was created during the Martial Law years by virtue of a Presidential Decree (PD) 1067-A issued by then President Ferdinand Marcos in response to calls for the Philippine government to put a stop to the growing proliferation of illegal casino operations in various parts of the country.
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