Sunday, December 8, 2024

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GGAM sues Bloomberry’s Razon in New York court

A unit of Global Gaming Asset Managers is suing Bloomberry Resorts Chairman Enrique Razon in a New York court, claiming he illegally terminated a management accord for the Solaire Resort & Casino and is hiding assets in the U.S. to avoid payment of an arbitration award. 

Bloomberry’s Razon leading efforts to bring vaccine to the Philippines

Bloomberry Resorts chief Enrique Razon is spearheading efforts to bring Moderna’s coronavirus vaccine to the Philippines, consolidating orders from the wealthy class, business organizations, and other interested parties.

Bloomberry sees drops in VIP in 3Q24, Entertainment City compensates Solaire North earnings

Bloomberry Resorts Corporation saw a 22 percent increase in gross gaming revenue (GGR) during the third quarter, with the first full quarter contribution by its new integrated resort Solaire Resort North.

Bloomberry Resorts secures $1.24B refinancing deal

Bloomberry Resorts Corporation has successfully completed the refinancing of a $1.24 billion loan, helping lighten its debt burden as Solaire Resort North ramps up.

Bloomberry Resorts reports 4% YoY decline in GGR for 2Q24 due to weak VIP

Philippine-based gaming and hospitality group Bloomberry Resorts Corporation, reported a 4 percent year-over-year decline in gross gaming revenue (GGR) to PHP14.5 billion ($254.6 million) for the second quarter of 2024.

Bloomberry Resorts denies expansion to Thailand

Philippine gaming operator Bloomberry Resorts Corporation has issued a clarification note denying news regarding potential expansion plans into the possible future Thai gaming market.

Daily Asia Gaming eBrief: Bloomberry Resorts unveils $1B IR Solaire Resort North

Bloomberry Resorts Corporation inaugurated its new luxury development, the Solaire Resort North, in Quezon City on May 25. Bloomberry Resorts Chairman Enrique Razon Jr. expressed the aim to enhance entertainment experiences and boost economic activity in Quezon City by attracting tourists and residents.

Bloomberry’s Solaire Resort North officially opens

Bloomberry Resorts Corporation has officially opened its latest luxury development, the Solaire Resort North, in Quezon City on May 25. Situated on a 1.5-hectare site in Quezon City, the largest city of Metro Manila, and with 38 floors, Solaire Resort North involved a $1 billion investment.

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 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.

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