Nevertheless, as Bloomberg noted in May, Duterte\u2019s ascent to power has motivated \u201ca little-known businessman from the president\u2019s province,\u201d who was \u201conce on the fringes of the business elite\u201d to become \u201cone of the country\u2019s most energetic dealmakers.\u201d<\/p>\n
\u201cIt\u2019s actually more difficult when you know the president because there\u2019s pressure to lead by example, to do good,\u201d Uy told Bloomberg. On being asked about his meteoric rise under Duterte, he replied that \u201clife is determined by destiny.\u201d<\/strong><\/p><\/blockquote>\nCasino resorts, meanwhile, are determined by corporate finance and Uy told Business World this week that this aspect of the project would soon be signed and sealed. He announced that China Bank is \u201cvery supportive\u201d that a deal would be finalized imminently.<\/p>\n
Uy started out selling copra (the dried meat of a coconut that\u2019s used to extract coconut oil), before graduating to, and making his name in, petroleum oil, and then shipping, but he has no experience building and operating a casino.<\/p>\n
He said this week he was open to partnering with international operators on this front,\u00a0 but hopes that he can find the expertise he needs closer to home.<\/p>\n
The $300 million resort is targeted for opening in 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"
Plans to build the first Philippine casino resort outside Manila appear to be coming to fruition for businessman Dennis Uy\u2019s Udenna Development Corp. Udenna wants to build to a 12-hectare beachfront resort on the holiday island of Mactan, in the province of Cebu, complete with luxury hotels, infinity pools and a skydiving center. Uy, the […]<\/p>\n","protected":false},"author":42,"featured_media":54510,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,18,61],"tags":[],"acf":[],"yoast_head":"\n
Rodrigo Duterte Favorite To Break Ground on Philippines\u2019 First Casino Outside Manila<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n