Wednesday, May 8, 2024

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Bloomberry completes $290M settlement with former Solaire manager GGAM

Solaire operator Bloomberry Resorts Corp has finally completed its settlement with the resort’s initial manager Global Gaming Asset Management (GGAM) for some PHP16.78 billion ($290.7 million), by buying out the company’s shares.

Daily Asia Gaming eBrief: Bloomberry’s Solaire Resort North to open on May 25th

Bloomberry Resorts Corp. is set to launch its $1 billion Solaire Resort North casino complex in Quezon City by May 25th. Chairman Enrique Razon outlined a gradual ramp-up period, expecting full operational capacity within two years.

Bloomberry’s Solaire Resort North to open on May 25th

The Philippines' leading gaming operator, Bloomberry Resorts Corp., has announced plans to unveil its Solaire Resort North casino complex by May 25th.
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Focus on VIP/premium and non-gaming making Newport World Resorts the go-to IR

The first integrated resort in Manila, Newport World Resorts has reached a certain level of maturity, underlined by now being under a single umbrella group. Hakan Dagtas, COO of the IR, says that 2023 was the best results year for the property since its opening, and the group is planning to heavily invest in being a non-gaming attraction.

Daily Asia Gaming eBrief: People, product and profit: Bloomberry Corp COO

People, product and profit. That's the order that Bloomberry Resorts Corp's COO says the company is focusing on, with excellence in the first driving a positive chain reaction.

Bloomberry Resorts well prepared for opening of Solaire North in late May 

The Philippines' land-based casino leader, Bloomberry Resorts Corp, says that it is well-prepared for its second integrated resort project - Solaire Resort North, set to open in late May.

PAGCOR Chairman Tengco, Bloomberry COO Arasi, headline speakers at ASEAN Gaming Summit 2024

PAGCOR Chairman Alejandro H. Tengco and Thomas Arasi - President and Chief Operating Officer, Bloomberry Resorts Corp., headline a stellar speaker lineup at the 6th edition of the ASEAN Gaming Summit on 19th-21st March 2024. 

Daily Asia Gaming eBrief: Bloomberry to see 23% profit increase in FY24

Analysts at Maybank are predicting that 2024 will be a strong year for Bloomberry Resorts, with profit expected to rise by nearly a quarter. However, forecasts have been reduced due to a drop in gross gaming revenue, largely due to decreases in VIP and junket revenue, even though slots performed strongly.

Bloomberry Resorts’ nine-month profit doubles to $148 million 

Bloomberry Resorts Corp. has reported robust results in the first three quarters of the year, as its net income surged 106 percent from PHP4 billion ($71 million) to PHP8.3 billion ($148 million).

Bloomberry Resorts founder donates $17.55 million for medical center in Clark

The founder of Bloomberry Resorts, billionaire Enrique Razon, is donating some PHP1 billion ($17.55 million) for the construction of a multi-specialty medical center in Clark.