Monday, June 27, 2022

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Bloomberry Resorts recovery faster-than-expected: MS

Bloomberry Resorts’ post-pandemic recovery has been faster-than-expected, according to analysts at Morgan Stanley, who have raised their EBITDA estimates for the year.

Bloomberry Resorts amends share incentive plan to exclude non-exec. directors

Bloomberry Resorts said its board has approved a share incentive plan for employees that has been amended to exclude non-executive directors.

Bloomberry Resorts 4Q21 GGR surges 50%, led by mass gaming

Bloomberry Resorts posted a 50 percent gain in 4Q21 gross gambling revenue (GGR), fuelled by strong domestic support for its mass market operations.

Singapore court denies the Bloomberry Resorts appeal in GGAM case

Singapore’s Court of Appeal has denied an appeal filed by Bloomberry Resorts Corporation which petitioned to set aside an arbitration award in favor of former management company Global Gaming Philippines LLC (GGAM). 

Bloomberry Resorts appoints former chief justice as board director

Bloomberry Resorts, operator of the Solaire Resort & Casino in Manila, said it has appointed former Chief Justice Diosdado M. Peralta as an independent...

Bloomberry agrees to buy into PH Resorts’ Cebu/Clark resorts

Bloomberry Resorts said it has agreed to invest in PH Travel & Leisure’s properties on Cebu Island and in the Clark Freeport Zone.

Cebu marks milestone with debut of first IR, more resorts needed

Cebu is home to the Philippines’ newest integrated resort, with the NUSTAR Resort & Casino opening its doors in May, though some observers say there needs to be more critical mass for the area to reach its full potential as an international gaming destination.

Resorts World Manila 1Q22 GGR jumps 43% as restrictions ease

Travellers International Group, the operator of Resorts World Manila, said the property generated a 43 percent gain in gross gambling revenue in the first quarter as restrictions eased.

Bloomberry agrees to buy $144m of land for third Philippines IR

Bloomberry Resorts & Entertainment said it has agreed to buy PHP7.55 billion ($144 million) of land to build a third integrated resort in the Philippines.

PH Resorts in talks with creditors/investors after 1Q22 loss widens

PH Resorts announced its 1Q22 loss widened and said it’s in talks with creditors and potential investors to raise finance to fund its operations and complete its projects.