{"id":28317,"date":"2022-03-23T07:32:11","date_gmt":"2022-03-23T10:32:11","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=28317"},"modified":"2026-04-23T10:17:41","modified_gmt":"2026-04-23T13:17:41","slug":"court-rejects-bloomberry-petition-to-dismiss-ggam-complaint","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/court-rejects-bloomberry-petition-to-dismiss-ggam-complaint","title":{"rendered":"Court rejects Bloomberry petition to dismiss GGAM complaint"},"content":{"rendered":"\n

A US court has rejected a motion to dismiss a lawsuit brought by Global Gaming Asset Management against Enrique Razon, Bloomberry’s CEO.<\/p>\n\n\n\n\n\n\n\n

Singapore.- The conflict between\u00a0Global Gaming Asset Management (GGAM) and Bloomberry\u00a0<\/strong>goes on with a US court rejecting a petition by Bloomberry to dismiss GGAM’s lawsuit over wrongful termination. However, a New York court has dismissed GGAM’s lawsuit against several other defendants associated with Bloomberry CEO Enrique Razon, identified as US real estate companies and oil and gas companies.<\/p>\n\n\n\n

Bloomberry had\u00a0made a petition to set aside enforcement of a $296m award\u00a0from the Arbitration Tribunal when it ended a five-year contract with GGAM after only six months, accusing GGAM of failing to deliver on its commitments. But in September 2019, a Singapore court decided in favour of GGAM, awarding it payments of $175,000 per month.<\/p>\n\n\n\n

Last October,\u00a0the Singapore Court of Appeal<\/a>\u00a0dismissed Bloomberry<\/strong>\u2018s appeal against the court decision in favour of Global Gaming Asset Management (GGAM).<\/p>\n\n\n\n

According to Bloomberry Resorts, the New York court update “means that the parties GGAM (as the plaintiff) and Sureste Properties, Bloomberry Resorts and Hotels, and Razon (as defendants) must produce evidence to support their respective claims or the defence to enforce an arbitral award in the New York court\u201d.<\/p>\n\n\n\n

Bloomberry has previously said that if GGAM files a lawsuit to enforce the US$296.6m ruling in the Philippines<\/strong>, where its physical assets and operations are located, its subsidiaries “will oppose such enforcement based on applicable Philippine law.”<\/p>\n","protected":false},"excerpt":{"rendered":"

A US court has rejected a motion to dismiss a lawsuit brought by Global Gaming Asset Management against Enrique Razon, Bloomberry’s CEO.<\/p>\n","protected":false},"author":176,"featured_media":9179,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"A US court has rejected Bloomberry's motion to dismiss Global Gaming Asset Management's (GGAM) lawsuit concerning a wrongful contract termination and a $296m arbitration award. This decision advances GGAM's efforts to enforce the Singapore-issued award against Bloomberry and its CEO, Enrique Razon, while claims against other associated entities were dismissed. Bloomberry continues to challenge the award's enforcement, particularly in the Philippines.","focusai_entities":"Global Gaming Asset Management, GGAM, Enrique Razon, Bloomberry, Bloomberry Resorts, Sureste Properties, Bloomberry Resorts and Hotels, Arbitration Tribunal","focusai_location":"US, Singapore, New York, Philippines","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (1.0), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Enforcement Jurisdiction Impact?","query":"What are the specific jurisdictional challenges and precedents set by the US court's decision regarding the enforcement of the Singapore arbitration award, particularly concerning Bloomberry's assets in the Philippines?"},{"label":"Financial Impact on Bloomberry?","query":"How will the potential enforcement of the $296 million arbitration award impact Bloomberry's financial statements, capital expenditure plans, and overall investor confidence?"}],"footnotes":""},"categories":[439,16333],"tags":[15417,23911],"class_list":["post-28317","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legal-news","category-south-east-asia-news","tag-bloomberry-resorts","tag-gambling-regulation"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28317","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\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=28317"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28317\/revisions"}],"predecessor-version":[{"id":28325,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28317\/revisions\/28325"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/9179"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=28317"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=28317"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=28317"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}