Bloomberry Resorts Wants to Build Another Integrated Resort in the Philippines

Bloomberry Resorts envisions the Philippines as a massive gambling destination. The company already owns or invests in several casinos and integrated resorts there, but wants to add another.

Bloomberry, the Enrique Razon-led empire, plans to build a third integrated resort (IR) on the main island of Luzon. The resort would be located at Paniman in Cavite, which is about 66 km (41 miles) southwest of Metro Manila.

Based on the average price per square meter, the company plans to invest PHP7.55 billion (US$144.3 million) on the land alone. Bloomberry owns the Solaire Resort and Casino in Manila, and Razon recently announced a significant investment in projects that PH Resort Group is building.

More Gaming in the Philippines
Solaire Entertainment Property Holdings Inc (SEPHI) is a new unit of Bloomberry. It envisions the Paniman property as an “integrated resort and entertainment complex with a world-class casino, hotel, golf course, commercial, residential and mixed-use development,” according to a Bloomberry filing with the Philippine Stock Exchange.

Source: https://www.casino.org/news/bloomberry-resorts-wants-to-build-another-integrated-resort-in-the-philippines/