Bloomberry Resorts Corp says it plans to begin the construction of its Quezon City integrated resort and casino from the middle of next year, local media reports.
Bloomberry chairman and chief executive Enrique Razon Jr. said in an interview following the group’s annual stockholders meeting that the construction of the IR would be part of the group’s strategy to capture the base mass market in the North.
He said that the planned-high rise hotel and casino project will be smaller than its flagship Solaire Resorts and Casino.
“We are finalizing the design. We have our in-house designers, we have engineering consultants,” he said.
Razon said that development costs of the casino project is still being finalized, and that a masterplan for the project should be completed by January.
The planned mixed-use development includes a hotel and casino on a 1.5-hectare property on Vertis North, in Manila.
This Dossier results from the “Life After POGOs” editorial project by Asia Gaming Brief which culminated with a pop-up digital forum on 9th December to discuss potentials ramifications in the industry.
The Yokohama City Council has begun its deliberations on whether or not to hold a popular referendum on IR development. Despite gaining more than three times the needed number of resident signatures, Mayor Fumiko Hayashi has asked that the referendum be rejected.
Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing
what 2020 may have had in store.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.