Bloomberry unit buys 300,000 “reward” shares

Bloomberry Resorts said one of its units has bought 300,000 shares to be used as “rewards” to loyal customers at its Solaire Resort & Casino in Manila.

In a filing with the Philippine Stock Exchange, Bloomberry said the unit paid between PHP10.74 ($0.20) and PHP10.98 for the stock, which it bought on the open market.

Bloomberry’s board authorized BHRI to buy as many as 1.5 million shares at a meeting on June 6th. The shares will also be used in the company’s marketing program.

As of Monday, the unit owns a total of 514,300 shares.