The proposed US$1.4bn new casino for the Philippines island of Cebu is in jeopardy.

The plans, by RiskWise Global Capital and local company Calata Corporation, in conjunction with Sino-America Gaming Investment Group and Macau Resources Group, have been thrown into disarray by politics.

The RiskWise-Calata partnership is now looking for other investors instead as the project falls further behind schedule. But the proposers are confident that they will have new investors in place within a couple of months and that the plan will still go ahead.