Bloomberry Resorts said it has filed an appeal against a Singapore High Court ruling that may force it to pay $296 million to settle a dispute with the Philippine unit of U.S.-based Global Gaming Asset Management.
Bloomberry Resorts said it will appeal a Singapore court ruling ordering it to pay $296.1 million to the Philippine unit of U.S.-based Global Gaming Asset Management in a long-running dispute over the termination of a management services agreement.
The Philippine Amusement and Gaming Corp. said it can’t shutter operations at the Casino Filipino Manila Bay due to an existing management contract and argues that the property is profitable if its social contributions are excluded from its results.
The partnership between Rush Street Gaming and the Clairvest Group, which dates from 2011, has come to an end after a third company, Churchill Downs, bought the entire Clairvest stake in the Rivers Casino of Des Plaines, Illinois.
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