Tuesday, May 24, 2022

Bloomberry unit wins bid for Solaire land plots


Philippine casino operator Bloomberry Resorts Corp. on Friday announced it had won the bid for a 16-hectare plot of land in Entertainment City.

The land plot is the location for Bloomberry’s Solaire Resort & Casino, which was put up for sale by Pagcor earlier this year.

According to a filing from the operator to the Philippine Stock Exchange, Bloomberry paid P37.3 billion (US$723.4 million) for the lot, P100 million more than the floor price set by Pagcor earlier this year.

Bloomberry was the sole offerer for the property after two failed biddings.

The company says it expects to complete the transaction, sign the deed of absolute sale and pay the balance of the purchase price within 45 days.

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

3rd party / Cookies
Show settings
Contact us

ASIA GAMING BRIEF
PO Box 1139, Macau SAR
Tel: +853 2871 7267
Fax: +853 2871 7264

Asia Gaming Brief