Enrique Razon Hits Back from Global Gaming’s Latest Legal Action

Enrique Razon dismissed Global Gaming Asset Management Philippines’ (GGAM) latest legal action against Bloomberry Resort Corp. and calling it as “shameless forum shopping.”

GGAM filed a suit last week against Razon in a federal court in New York (where he supposedly has properties) to push for the enforcement of a $298.6 million arbitration award.

In 2011, Razon tapped GGAM, a Las Vegas-based casino operator, to help develop the Solaire Resort & Casino in Parañaque. Razon then terminated its services in 2013 that resulted in a legal battle.

In 2016, a Singapore-based arbitration court ruled that GGAM’s management services contract with Solaire Resorts “had been unjustly terminated in 2013.” GGAM has filed different cases against Razon and his companies in various territories – Singapore, Hong Kong and now in New York, all meant to enforce the arbitral award.

Bloomberry Resorts stated, “Mr. Razon (and the companies associated with him) will vigorously oppose this shameless GGAM forum shopping and attempt to enforce an arbitral award against those who are not a party to the arbitration,”.

“The suit also accuses Razon of working to prevent Global Gaming from selling its rights in the project,” added by the head company of Razon.

To know more about this latest legal battle of Enrique Razon, check out: https://www.philstar.com/business/2021/04/05/2088862/razon-slams-ggam-forum-shopping