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Okada operator stops Emerald Bay purchase

BUSINESSMAN Dennis Uy's PH Resorts (PHR) Group Holdings Inc. said Tuesday that a deal with Tiger Resort Leisure Holdings Corp. (TRLEI) to acquire a majority stake in PHR's Emerald Bay project in Cebu had been called off.

Tiger Resort is the operator of Okada Manila, an integrated casino, hotel and entertainment complex located at the Entertainment City, Pasay City.