Tag Archives: Solaire
Philippines – Takara Gaming Group signs slot deal with Solaire
TGG Takara Gaming Group, the world’s first Asian focused game distributor for casino entertainment, has agreed a deal with Solaire Resort & Casino to integrate the successful Philippines casino operator to its Asian VIP and middle-class focused gaming machine on the casino floor. TGG’s CEO & CO-founder Raymond Chan said: “TGG has always been eyeing…
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…
Philippines – Bloomberry planning second Soliare-style casino in the Philippines
Bloomberry Resorts owner Enrique Razon has confirmed the company will start work on its second casino in the Philippines next year with a P1.9bn development in Quezon City following a smilar model to its first resort; Solaire. The announcement of casino development in Quezon City, the most populous city in the Philippines and one of…
Philippines –Philippines’ casinos used in laundering scandal
The Philippines Securities and Exchange Commission wants casinos to fall under the jurisdiction of the Anti-Money Laundering Act (AMLA) to give investigative authorities greater powers. The call comes after at least half the money stolen in an US$81m cyber crime ended up in two of the country’s casinos. Unconfirmed reports suggest that $26m was found…
Philippines – City of Dreams helps boost Philippines results by 17 per cent
Despite revenue slumps in some of Asia’s leading casino market, Gross Gaming Revenue in the Philippines surpassed PH$130bn (US$2.75bn) in 2015, marking a huge increase of 17 per cent from 2014’s results. Cristino Naguiat, PAGCOR Chair and CEO, said that the state-run gaming regulator and operator generated PH$48.5bn in GGR in 2015, representing a jump…
Cyprus – Bloomberry joins the list of hopefuls in Cyprus
Bloomberry Resorts is the latest name to be linked to the future resort casino planned for Cyprus. The Philippine operator is believed to have added Cyprus to its expansion wishlist that already includes Korea and Argentina. The company, belonging to Enrique K. Razon Jr., a Filipino billionaire who owns International Container Terminal Services, is the…
Philippines – Philippine operators predict rebound in 2016
Mirroring the spectacular nosedive by Macau’s casino sector, decline in the Philippine gaming market has seen share prices for local operators slashed by half. First Metro Investment Corp. (FMIC) believes that tightly aligned to the Macau sector, the Philippine slump is set to continue. In a report, FMIC said: “Listed Philippine casino and hotel operators…
Argentina – Bloomberry looks to take Solaire to Buenos Aires
Bloomberry Resorts a company based in the Philippines could enter the Latin American market with a new casino in Argentina. Bloomberry told the Philippine Stock Exchange yesterday that: “Solaire de Argentina has a proposal to establish an integrated resort in Argentina, but it is still pending evaluation and action of government agencies and regulators in…
Philippines – Bloomberry posts loss despite Solaire’s revenue growth
Rising costs have seen Philippine casino operator Bloomberry Resorts post a net loss of P786.55m (US$17m) for the second quarter to June. The good news was that GGR over the three months increased by nine per cent to 5.986bn pesos, offset by increasing 59 per cent to P6.27bn. The cost have risen due to expansion…
