PH resorts Group Holdings Inc., the gaming and tourism holding company of the Udenna Group, is in talks with one foreign and one local investor to complete and open its flagship Emerald Bay project in Lapu-Lapu City, Cebu in the near future. In a disclosure to the local bourse on Friday, July 28, 2023, PH Resorts president and chief executive officer Raymundo Martin Escalona assured its stakeholders that the company will make the necessary disclosures at the appropriate time. "PH Resorts is also presently engaged in the final stages of negotiations with one foreign and one local investor to help it fulfill its commitment to complete and open its flagship Emerald Bay integrated resort at the soonest possible time," the company said.

PH Resorts Group in talks to complete Emerald Bay. (2023, July 29). Sunstar Cebu, p. 5.