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Bloomberry, Newport World, and PH Resorts bosses among Forbes Philippines’ 50 Richest
Enrique Razon Jr., the owner of Bloomberry Resorts, Andrew Tan, the head of Newport World Resorts, and the founder of PH Resorts Group, Dennis Uy, are all ranked among the top 50 wealthiest in the Philippines, according to Forbes' 'Philippines 50 Richest 2023' list.
Solaire focused on domestic market in 2023, Solaire North opening in 1Q24
Domestic players will continue to dominate the gaming business of Bloomberry Resorts’ Solaire Resort in Manila, according to the company’s Chairman and CEO Enrique Razon Jr.
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.
Bloomberry sees 3Q22 GGR top $229mln, up 89% y-o-y
The operator of the Solaire Resort and Casino, Bloomberry Resorts, saw a health increase total gross gaming revenue during the third quarter of the year, up 89 percent yearly, topping PHP13.37 billion ($229.21 million). The outcome, however, was just a 2 percent increase from the pr
Your Daily Asia Gaming eBrief: Light at the end of the tunnel for Crown Resorts
In Australia, there may be some light at the end of the tunnel for Crown Resorts, after ILGA chairman Peter Crawford hinted that there is a possibility that Crown can regain its casino license in Sydney in the second half of this year.
Bloomberry calls GGAM suit “shameless forum shopping”
Bloomberry Resorts has hit back at a lawsuit filed against the company's chairman in New York by the Philippines unit of Global Gaming Asset Management as "shameless" forum shopping and said it will vigorously defend case.
Lower VIP and mass table revenue reduce Bloomberry Resorts’ 1Q24 income
Bloomberry Resorts Corporation reported strong performance in its domestic slot machine segment for the first quarter of this year, however, lower VIP and mass table revenues contributed to an 11 percent year-on-year decline in net income to $44.9 million.
Bloomberry’s Solaire North to open in late May: ChairmanÂ
Bloomberry’s casino project, Solaire North, in Quezon City is set to open late in May of this year, updates the group’s CEO and Chairman, which is about a two-month pushback from the previously scheduled opening in March of this year.
Bloomberry’s net profit up 85% to $170M in 2023 driven by mass segmentÂ
Philippine gaming operator Bloomberry Resorts has reported consolidated net income of PHP9.5 billion ($170 million) for 2023, an 85 percent increase from PHP5.1 billion ($91 million) in 2022.
Bloomberry tipped for 23% profit surge despite GGR slowdown: Maybank
Maybank analyst cuts Bloomberry Resorts FY24 forecast due to a gaming revenue slowdown, in particular in VIP.
