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- Bloomberry Resorts Corporation Refinances P40B Debt for Solaire North
Bloomberry Resorts Corporation refinanced a P40 billion debt related to the construction of Solaire Resort Bloomberry Resorts Corporation has announced a P40 billion refinancing agreement. The agreement refinances an existing P40 billion loan that contributed to the construction of Solaire Resort Bloomberry also has the option to fix the interest rate for the next 12 months. Read related article: Bloomberry Income Drops 58% Due to Solaire North Costs
- Gaming Innovation Group Expands to Asia with PH Casino Deal
Gaming Innovation Group signs its first long-term agreement in Asia with Bloomberry Resorts to boost Resorts in the Philippines. Bloomberry operates Solaire Resort & Casino in Manila, and this partnership is expected to further modernize As part of the long-term agreement, Bloomberry and its flagship Solaire brand will utilize GiG’s iGaming In addition, the partnership will provide Bloomberry with access to GiG’s AI-powered tools, LogicX and
- Greg Hawkins named Acting COO of Bloomberry, Solaire
Greg Hawkins was appointed acting Chief Operating Officer of Bloomberry Resorts Corp, the operator of Solaire Integrated Resorts. MANILA – Bloomberry Resorts Corp, operator of the Philippines' Solaire integrated resorts, has appointed ’s operating subsidiary, Bloomberry Resorts and Hotels Inc (BRHI). He also outlined plans for Bloomberry’s third integrated resort in Cavite.
- Bloomberry Income Drops 58% Due to Solaire North Costs
Bloomberry Resorts' nine-month net income dropped 57.83% to P3.5 billion due to costs from Solaire North Bloomberry Resorts Corp., the listed operator of the renowned Solaire Resort & Casino, reported a significant latest project, Solaire Resort North in Quezon City. The resort, which opened in May 2024, contributed to a P470-million net loss in the third quarter alone Located in Quezon City, the resort is expected to complement the existing Solaire Resort and Casino in
- Bloomberry Sees Revenue Growth, But Profits Fall in 2024
Bloomberry reports a 6% rise in Gross Gaming Revenue to P61.7B in 2024, driven by Solaire Resort North The Philippines’ Bloomberry Resorts posted strong revenue growth in 2024, which was offset by a sharp Solaire Resort North’s opening in May 2024 largely contributed to this growth, according to Bloomberry expenses related to running the new Solaire North property, increased depreciation costs for the new resort Resort North became a key generator for Bloomberry, generating PHP 8.4 billion (approximately USD 150
- Solaire Operator Plans to Launch Gaming App by 2025 Q3
Bloomberry Resorts will expand its operations into online gaming in the third quarter of 2025. Bloomberry Resorts plans to launch its own gaming app in the third quarter of 2025. Last November 12, GiG announced its partnership with Bloomberry which allows the integrated resort to This move into the online gaming market aligns with Bloomberry Resorts' broader strategy to diversify It is worth noting that Bloomberry Resorts just opened its second integrated resort, Solaire North, in
- Udenna Corp to Back PH Resorts’ Liabilities
PH Resorts, the promoter of the stalled casino project Emerald Bay in Cebu said Udenna Corp is ready The letter specifically addresses a PHP1 billion deposit from Bloomberry Resorts Corp, with the parent with regard to the P1 billion deposit from Bloomberry Resorts Corp until such time that the group is Meanwhile, Bilyonaryo reported that PH Resorts still earned P327.6 million despite a thwarted plan by Okada Manila operator Resort Leisure Entertainment to buy the casino project.
- PH Resorts Partners with EEI Corp on Emerald Bay Resort Casino
pushes through, construction firm EEI Corp. will finance, construct and complete the 5-star Emerald Bay Resort PH Resorts Group Holdings Inc. Emerald Bay was envisioned to be Cebu’s second integrated resort after NUSTAR. In 2022, PHR’s subsidiary, PH Travel, signed a term sheet with Bloomberry Resorts Corporation for potential Read related article: Udenna to Back PH Resorts’ Liabilities
- Online Gaming Now PH Largest Gaming Tax Contributor
A report by Morgan Stanley showed the Philippine government collected US$490 million in taxes from the impressive 30 million registered users, DigiPlus has surpassed even established industry giants like Bloomberry Resorts Corp., the operator of Solaire Resort & Casino, in terms of both gross gaming revenue (GGR) Bloomberry is set to launch its own online gaming app in the third quarter of 2025, but will operate Asian Gaming, starting January 1, 2025, license fees for online gaming will drop to 25% for integrated resorts
- Fontana Resort & Country Club Owes CDC P203 Million - Report
Fontana Resort & Country Club's debt to CDC exceeds P203M as of Dec 2024, including unpaid lease payments Fontana Resort & Country Club’s debt to the Clark Development Corporation (CDC) has surpassed P203 million comes weeks after the CDC issued a cease and desist order on January 6 against both FDC and Fontana Resort Read related article: Clark Authorities Shut Down Fontana Resort "Indefinitely"
- Wynn Resorts Secures P139B Record Funding for UAE Resort
Wynn Resorts secures record funding for its landmark Al Marjan Island integrated resort in Ras Al Khaimah Wynn Resorts has announced a significant financial milestone in the development of its Wynn Al Marjan This funding paves the way for the completion of the first integrated resort in the emirate, a venture Construction is progressing rapidly, with the main resort tower already reaching the 36th floor and a For corporate events and gatherings, the resort will boast a 145,000 square foot meetings and events
- Genting Calls $600M Lawsuit on Resorts World Bimini "Baseless"
RAV Bahamas Ltd. sues Genting Americas for $600M over Resorts World Bimini, prompting a strong response Ltd., which holds a 22-percent stake in BB Entertainment Ltd., the company responsible for operating Resorts percent interest in BB Entertainment, giving it a dominant role in the management and operations of the resort Resorts World Bimini has positioned itself as a key player in the region’s tourism and entertainment such as those made by RAV Bahamas could have far-reaching implications for investor relations and the resort