{"id":14848,"date":"2021-02-17T15:34:50","date_gmt":"2021-02-17T15:34:50","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=14848"},"modified":"2026-04-23T21:44:38","modified_gmt":"2026-04-24T00:44:38","slug":"singapore-court-rejects-bloomberry-appeal","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/singapore-court-rejects-bloomberry-appeal","title":{"rendered":"Singapore court rejects Bloomberry appeal"},"content":{"rendered":"\n<p>The Singapore Court of Appeal has stood by earlier decisions regarding Bloomberry&#8217;s appeal against a reward granted to GGAM.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Singapore.- Casino operator <strong>Bloomberry Resorts Corp says the Singapore Court of Appeal has rejected an appeal made by two of its subsidiaries.<\/strong><\/p>\n\n\n\n<p>The <strong>appeal was filed in June<\/strong> after a court decision to reject Bloomberry&#8217;s petition against the enforcement of a $296m award decided by the Arbitration Tribunal.<\/p>\n\n\n\n<p>The tribunal ordered <strong>two Bloomberry units to pay\u00a0US$296m to Global Gaming Philippines<\/strong> following a case brought for wrongful termination of a management services agreement in 2013. <\/p>\n\n\n\n<p>According to Bloomberry, the case is now subject to a separate appeal that remains pending with the court of appeal.<\/p>\n\n\n\n<p>Bloomberry has reported a Php2.5bn (US$51.6m) <strong><em><a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/bloomberry-reports-us51m-loss-in-q3\" target=\"_blank\">net loss<\/a><\/em><\/strong> for the third quarter, down from a net profit of Php3.9bn (US$80.5m) in the same quarter in 2019.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Singapore Court of Appeal has stood by earlier decisions regarding Bloomberry&#8217;s appeal against a reward granted to GGAM.<\/p>\n","protected":false},"author":2,"featured_media":14854,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Singapore Court of Appeal has upheld previous rulings, rejecting Bloomberry Resorts Corp's appeal against a US$296 million arbitration award to Global Gaming Philippines (GGAM). This award stems from a 2013 wrongful termination of a management services agreement. Concurrently, Bloomberry reported a significant net loss of Php2.5 billion (US$51.6 million) for the third quarter.","focusai_entities":"Bloomberry Resorts Corp, GGAM, Global Gaming Philippines, Arbitration Tribunal","focusai_location":"Singapore","focusai_target_profile":"ceo_executive (0.9), compliance_legal (0.9), operator_casino (0.8), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Bloomberry Capital Impact?","query":"What are the specific implications of this US$296 million liability on Bloomberry's capital structure, debt-to-equity ratio, and its capacity to fund ongoing or planned development projects?"},{"label":"B2B Contract Precedent?","query":"How might this Singapore Court of Appeal decision influence the structuring, dispute resolution clauses, and termination protocols for future B2B management service agreements within the iGaming and integrated resort sectors?"}],"footnotes":""},"categories":[439,16333],"tags":[413],"class_list":["post-14848","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legal-news","category-south-east-asia-news","tag-bloomberry"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/14848","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=14848"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/14848\/revisions"}],"predecessor-version":[{"id":14877,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/14848\/revisions\/14877"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/14854"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=14848"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=14848"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=14848"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}