C06662-2021

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)
Oct 5, 2021
2. SEC Identification Number
CS20091269
3. BIR Tax Identification No.
007236853000
4. Exact name of issuer as specified in its charter
PH RESORTS GROUP HOLDINGS, INC.
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
20th Floor, Udenna Tower, Rizal Drive corner 4th Avenue, Bonifacio Global City, Taguig City Postal Code 1634
8. Issuer's telephone number, including area code
63284034007
9. Former name or former address, if changed since last report
N/A
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common shares 7,282,017,027
11. Indicate the item numbers reported herein
Item 9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

PH Resorts Group Holdings, Inc.PHR

PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and
Sections 4.1 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Voluntary suspension of Clark Grand Leisure Corp. Provisional License

Background/Description of the Disclosure

On 5 October 2021, Clark Grand Leisure Corp. (“CGLC”), a subsidiary of PH Resorts Group Holdings, Inc (“PHR” or the “Company”), received approval from the Philippine Amusement and Gaming Corp (“PAGCOR”) of its request to voluntarily suspend its PAGCOR Provisional License for its integrated resort and casino project situated in Clark Global City in the Clark Freeport Zone, Pampanga (the “Project”). CGLC sought for the voluntary suspension of its license due to some lingering uncertainties surrounding the casino gaming industry especially with more competition in the Clark, Pampanga location. The voluntary suspension also allows PHR to ramp up and focus all efforts for the construction and development of its flagship integrated resort and casino project, the Emerald Bay Resort and Casino, located in Mactan, Cebu.

The voluntary suspension shall be effective until further notice and its lifting shall be subject to the approval of the PAGCOR Board of Directors.

As present financial projections center on PHR’s plans for the Emerald Bay project, the voluntary suspension of CGLC’s license will have no effect on current financial numbers. Thus, PHR expects that the suspension will have little to no impact on the business of PHR.

Other Relevant Information

This disclosure was amended to add a description of the impact on the business of PHR.

Filed on behalf by:
Name Leandro Abarquez
Designation Corporate Secretary