Casino
March 22, 2023
Razon’s Bloomberry Resorts Withdraws Investment in Uy’s PH Resorts
Bloomberry Resorts Corp., the operator of Solaire Resort & Casino in Manila, announced in a filing to the Securities and Exchange Commission (SEC) of the Philippines that its investment pre-agreement with PH Travel and Leisure Corp was terminated. Term Sheet Termination The filing with the SEC confirmed the news that the board of billionaire Enrique […]
Casino
May 31, 2022
Bloomberry Resorts Is on Its Way to Recovery after the Pandemic
Analysts at investment bank Morgan Stanley recently raised the earnings estimates of Bloomberry Resorts after the Philippines-based operator performed better than expected following Q1 of this year. Bloomberry is now projected to reach 71% of its 2019 EBITDA by the end of the fourth quarter, totaling PHP14 billion ($267.6 million). Bloomberry Is Steadily Returning to […]
Casino
May 20, 2022
Bloomberry Prepares New Casino Resort in the Philippines
Bloomberry Resorts Corporation, the parent company behind Solaire Resort and Casino in Manila, the Philippines, has revealed that it will pursue a third property in the country. A new integrated resort is now being planned for the region south of Manila, in Cavite, which should enable the company to capitalize on the return of tourists […]
Business
May 11, 2022
Razon’s Bloomberry to Invest in Two Casino Properties
Bloomberry Resorts Corporation, the gaming and hospitality operator owned by Enrique Razon, announced today that it had filed with the Securities and Exchange Commission (SEC) of the Philippines to inform the regulator about material changes related to an agreement with PH Travel and Leisure Corp. Expanding Razon’s Casino Footprint The filing under Securities Regulation Code […]
Legal
June 15, 2021
GGAM Alleges Undisclosed Incentive for Former PSE President
New court documents related to a lawsuit against Enrique Razon claim he had an undisclosed financial relationship with high-standing personnel at the Phillippine Stock Exchange (PSE) that had helped him block the sale of Bloomberry Resorts shares held by a casino operator. Undisclosed Financial Relationship Global Gaming Philippines (GGAM), a former business partner of Bloomberry […]
