Bloomberry Resorts raises funds to expand Solaire

Bloomberry Resorts says it has raised 11.42 billion pesos ($254 million) through the sale of notes to finance the expansion of the Solaire Resort & Casino. “The proceeds are intended to partially finance the construction of Phase 1-A expansion of the hotel and entertainment building complex of Solaire Resort & Casino,” the company said in a disclosure to the Philippine Stock Exchange. Phase 1-A will include a 308-room all-suite hotel tower, high-end retail area, 1,800-seat lyrical theater and more restaurants.