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Philippines – Solaire to install Ayala operated $1.2bn mall

By - 19 May 2014

Philippine property developer Ayala Land has partnered with Bloomberry Resorts to operate a mall at Bloomberry’s US$1.2bn Solaire complex, Manila’s newest gaming hub, to be opened later this year.

“The retail component will have premium brands to complete the offering of Solaire Resort & Casino,” Ayala Land said, without disclosing financial terms of the deal. Ayala said it would lease and market an area of more than 5,000sq.m. at the Solaire Resort & Casino, to be opened at Entertainment City along Manila Bay. Solaire’s first phase opened in March last year and expansion is under way.

The project from Bloomberry, owned by the Philippines’ fourth-richest person, Enrique Razon, is the first of four planned integrated resorts expected to rise at Entertainment City, a massive development designed to give wealthy Asian gamblers an alternative to the Chinese casino city of Macau.

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