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Play2earn stakes higher



Premiere Horizon Alliance Corporation (PHA) plans to take a stake in the booming play2earn gaming industry through a partnership with a Filipino company, Bengga Corporation, through its app, Bengga. PHA signed a memorandum of understanding on 22 September 2021 with Bengga for a partnership in developing a gaming platform in the play2earn gaming category dubbed “PHlay.” PHA will be undertaking this project with Bengga through its subsidiary, PH Big Bounty Entertainment Inc., subject to final negotiation of the terms and condition of the agreement and approval of the PHA Board of Directors. PHA and Bengga will conduct a mutual 30-day due diligence to assess each other’s operations and to evaluate opportunities through a commercial proof of concept with the intent of entering into a joint venture agreement.

Airport hotel rising
DoubleDragon Properties Corp.’s hotel subsidiary Hotel of Asia Inc. has secured all the necessary building permits authorizing the company to begin the construction and pre-selling activities in its latest Hotel 101 project in Cebu. Hotel 101 — Cebu Mactan Airport with its 548 rooms will be the biggest airport hotel in the Visayas and Mindanao Region and will rise in a 5,493 square meter prime commercial lot along the Cebu Mactan Airport Terminal Road near Mactan Marina Mall. With Hotel 101 — Cebu Mactan Airport as a new addition, the hotel chain now moves closer to its goal of becoming the top-of-mind branded hotel chain in the country.