MANILA— The Philippine unit of Japan’s Universal Entertainment Corp 6425.T is no longer acquiring a majority stake in PH Resorts’ gaming project in the central Philippines, PH Resorts said on Tuesday.
In a disclosure, PH Resorts PHR.PS 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.
—Reporting by Neil Jerome Morales; Editing by Jacqueline Wong
