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Tag Archives: Bloomberry

Philippines – Bloomberry well placed to survive despite Solaire being shut until May

Bloomberry Resorts, owner of Solaire, one of the four resort casinos in Manila’s Entertainment City, has said 2020 will be a write-off due to the global COVID-19 pandemic with it not expecting consumer sending to recover quickly. Solaire shut its doors from March 15 and will stay shut until April 30 with Chairman and CEO…

Philippines – Solaire reports best ever EBIDTA as GGR soars by 46 per cent

Bloomberry Resorts, owner of the Solaire Resort and Casino, has said that the Manila casino produced its best ever EBIDTA with Gross Gaming Revenue up a huge 46 per cent. GGR at Solaire was P17.111bn, 46 per cent higher than the P11.711bn recorded in the third quarter of 2018. Growth was driven by higher hold…

Philippines – Bloomberry says it was a ‘victim’ in Bank of Bangladeshi online heist

Officials from Bloomberry Resorts, the owners of Soliare Casino in the Philippines, will appear in court, along with another 15 Philippine companies, after in the US due to links to the online theft of $81m from Bangladesh’s central bank in February 2016. Bloomberry said though it was a ‘victim’ in the case and blamed the…

Philippines – Bloomberry granted loan to build Solaire Quezon City

The Philippines-based Bloomberry has had a ten year loan approved for $767m to pay for the build of its Solaire-branded casino resort in Quezon City. The loan has been granted to two subsidiaries of Bloomberry: Sureste Properties Inc. and Bloomberry Resorts and Hotels. It will fund the ‘design, construction, and development of an integrated hotel…

Philippines – Solaire sets new records for Blomberry

Bloomberry, the Philippine group behind the Solaire casino resort in Manila Bay’s Entertainment City has reported all-time highs with the property’s VIP volumes growing 11 per cent while mass table drop and electronic gaming machine (EGM) coin-in grew 21 per cent and 29 per cent over 2017. Gross gaming revenues grew 17 per cent to…

Philippines – Manila rivals move in different directions following arson attack

The local elements behind two of Manila’s leading casinos have seen their third quarter earnings move in different directions with Bloomberry Resorts, the group behind Entertainment City’s Solaire casino recording the second greatest quarter in its history, whilst Travellers, the Philippine-based company behind Resorts World Manila, suffering a 42 per cent revenue decline following the…

Cyprus – Melco International left as stand-alone bidder in Cyprus

Macau-based operator Melco International is now the only operator left in the race for the Cypriot casino concession following a decision by Cambodia operator NagaCorp to pull out of the bidding process. NagaCorp, the operator of Phnom Penh’s NagaWorld casino, said in a filing to the Hong Kong Stock Exchange: “After careful review and given…

Cyprus – Bloomberry walks away from Cyprus tender

Bloomberry Resorts, who operates Solaire in the Philippines, has officially withdrawn from the tender process for a casino licence in Cyprus. Bloomberry’s Director of investor relations Leo Venezuela confirmed the news without offering any reasons although it is believed to be the difficulty in securing reasonably priced land. The news leaves Cambodia operator NagaCorp and…

Cyprus – Cypriot submissions given three month extension

The Legal and the Audit Services in Cyprus have approved a three month extension to finalise casino blueprints following a request from two of the three companies in the second round. The extension will not affect the date that the government is planning to announce its winner though. The three bidders will need to submit…