Udenna ventures into gaming
Iris Gonzales (The Philippine Star) - May 5, 2017 - 12:00am

MANILA, Philippines -  Businessman Dennis Uy is making his foray into the gaming industry with the development of a $300 million integrated resort and casino in Mactan, Cebu.

 Uy’s Udenna Corp. has signed a provisional license agreement with the Philippine Amusement and Gaming Corp. (Pagcor) for the development of Lapu-Lapu Leisure Mactan within a 12-hectare prime beachfront property in Punta Engaño peninsula in Mactan Island.

Udenna, through its wholly owned subsidiary Udenna Development Corp. (Udevco) will build the project, which is targeted for completion by 2022 while the casino, retail complex and hotels may be open as early as 2019. Groundbreaking for the project is expected to start in three months.

In a recent interview, Uy said Udenna would continue to be on the lookout for opportunities in different sectors including travel and tourism such as resorts and casinos.

 “We will always look for opportunities to grow,” said Uy, president and CEO of Udenna.

He said Lapu-Lapu Leisure Mactan only marks the beginning of the company’s vision to have a world-class leisure, residential and commercial destination in Central Visayas.

“We see this integrated development taking a major role in bringing the Philippines at   par with the region’s premier destinations for leisure, gaming and meetings as well as for commercial and residential investments,” Uy said.

 Lapu-Lapu Leisure Mactan will have iconic modern buildings and infinity pools. It will have a skydiving center on a pier, a retail complex, a convention center, luxury hotels and villas, specialty dining options, private residences, and condominium-hotels.

 The development will give residents and guests access to the longest stretch of beachfront in Mactan as well as views of the Hilutungan Channel and the Magellan Bay, making it a premier business and holiday destination year round.

 Mactan has become a premier tourist destination, seeing a surge of investments but keeping enough room for further development in the coming years. 

 “Lapu-Lapu Leisure Mactan aims to become a key economic growth driver in Central Visayas by creating thousands of jobs and small-business opportunities aside from supporting the government’s community development programs,” Uy said. 

Pagcor chairperson and CEO Andrea Domingo and Uy signed the provisional license agreement.

Udenna Group’s businesses are in petroleum through Phoenix Petroleum Holdings, management and resources, travel and leisure, and logistics through Chelsea Logistics Corp.

Uy, who hails from Davao, has steered his companies to become major players in their respective industries. He is a known supporter of President Duterte who appointed him as presidential adviser for sports. 

DENNIS UY
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