Japan's Universal ends talks to buy Philippine casino

Quick Summary:

MANILA : The Philippine unit of Japan's Universal Entertainment Corp is no longer acquiring a majority stake in PH Resorts' gaming project in the central Philippines, PH Resorts said on Tuesday.

FILE PHOTO: The logo of Universal Entertainment Corp.is seen at the company's headquarters in Tokyo, Japan, June 29, 2017.

In a disclosure, PH Resorts said it received a letter terminating a deal for Universal's Okada Manila to buy a majority stake in the company's gaming project in Cebu province.

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Article Details

Category: EconomyBusiness

Markets: SingaporeJapanPhilippines

Topics: Manila Entertainment Project Mediacorp Stake Gaming Universal Resorts Majority Corp Japan

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-02 @ 10:00:23 (2 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 137 words

Reading Time: 1 minutes read

Sentences: 6 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 21452230

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