Tag Archives: Bloomberry Resorts
The Philippines – Bloomberry takes extra tax row to the Supreme Court
Bloomberry Resorts, the operator behind Solaire in Manila’s Entertainment City, has turned to the Supreme Court in the Philippines to call into question the validity of demands by the Bureau of Internal Revenue (BIR) for income tax of 30 per cent on profits imposed on Pagcor and its licensees. Bloomberry is arguing that the new…
Philippines – Solaire’s Phase 2 to add 300 tables and 1,300 slots
Bloomberry Resorts will spend almost P51bn to complete the second phase of Solaire Resorts & Casino by November with the aim of making it one of the biggest casinos in the world. The next phase of the casino in Manila’s Entertainment City in the Philippines will see the addition of 300 gaming tables and 1,300…
The Philippines – Bloomberry turns Solaire around in first quarter
Bloomberry resorts has posted total gross revenues of P7.381bn, over 11 times the P661m generated in the same period last year, generating a profit of P1.461bn from a loss of P1.056bn in the same period last year. Gaming continued to generate the bulk of the company’s total gross revenues, accounting for 95.7 per cent of…
Philippines – Solaire celebrates first year of operation
Solaire Resort and Casino has celebrated its first year as an integrated resort destination, the first of four anchor properties in Manila’s Entertainment City. However its owner Bloomberry Resorts reported a loss of around US$29m for the year. Solaire has reported a loss of around US$6m for the nine and a half months of operations…
