{"id":29188,"date":"2022-04-22T06:48:27","date_gmt":"2022-04-22T09:48:27","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=29188"},"modified":"2026-04-23T09:24:09","modified_gmt":"2026-04-23T12:24:09","slug":"bloomberry-still-expects-to-open-its-solaire-north-ir-in-2023","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/bloomberry-still-expects-to-open-its-solaire-north-ir-in-2023","title":{"rendered":"Bloomberry still expects to open its Solaire North IR in 2023"},"content":{"rendered":"\n

Enrique Razon Jr, Bloomberry Resorts CEO, has said the company remains on track to open Solaire North in Quezon City in the second half of next year.<\/p>\n\n\n\n\n\n\n\n

The Philippines.- Delivering Bloomberry\u2019s annual report,\u00a0CEO Enrique Razon Jr<\/strong>, said the company’s Solaire North integrated resort development in Quezon City remains on track to open in the second half of 2023. <\/p>\n\n\n\n

He said the new venue will \u201cprofoundly expand our gaming footprint to take advantage of what we anticipate to be a burgeoning post-pandemic domestic mass market and regional premium mass demand.\u201d The casino complex was originally scheduled for completion this year<\/a>.<\/p>\n\n\n\n

Razon also said he has high hopes for the company’s online gaming business<\/strong>\u00a0and expects revenue to continue to grow as the company expands.<\/p>\n\n\n\n

Razon said: “So far it has grown strongly and has been delivering substantial revenues monthly from zero a year-and-a-half ago, and we are highly confident in this development and have been focusing on this area.”<\/p>\n\n\n\n

In its fourth-quarter results released in March,\u00a0Bloomberry Resorts<\/a>\u00a0reported a total GGR of PHP27.6bn (US$527.2m) for Solaire in 2021, an increase of 21.7 per cent from 2020. The company posted\u00a0a net loss of PHP4.2bn for the full year<\/strong>, an improvement from a PHP8.3bn loss in 2020.<\/p>\n\n\n\n

Bloomberry\u2019s board approves amendment to stock incentive plan<\/h2>\n\n\n\n

Bloomberry Resorts Corp<\/strong> has reported that amendments to the company\u2019s stock incentive plan for directors, officers, and employees (SIP) have been approved by the board. Eligible participants have been amended to exclude directors<\/strong> provided that directors who are officers or who are given executive functions are not disqualified to receive SIP shares as an executive.<\/p>\n\n\n\n

Bloomberry said its stock incentive program is designed to give employees a direct share of company value to incentivise employees and other stakeholders to be more productive and remain in the group. The programme has been extended for 10 years from May 24, 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"

Enrique Razon Jr, Bloomberry Resorts CEO, has said the company remains on track to open Solaire North in Quezon City in the second half of next year.<\/p>\n","protected":false},"author":176,"featured_media":29713,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Bloomberry Resorts, led by CEO Enrique Razon Jr, anticipates opening its Solaire North integrated resort in Quezon City by H2 2023, targeting burgeoning post-pandemic domestic and regional premium mass markets. The company also reported strong growth in its online gaming segment and an improved net loss for 2021, alongside board approval for amendments to its employee stock incentive plan.","focusai_entities":"Enrique Razon Jr, Bloomberry Resorts, Solaire, Solaire North","focusai_location":"Quezon City, Philippines","focusai_target_profile":"ceo_executive (1.0), regulator (0.7), compliance_legal (0.8), operator_casino (1.0), affiliate_publisher (0.7), product_ux (0.7), tech_data (0.7), marketing_crm (0.9), payments_fraud_aml (0.8), investor_analyst (1.0), supplier_vendor (0.9), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Solaire North ROI?","query":"What is the projected return on investment (ROI) for Solaire North, considering the capital expenditure and anticipated GGR contribution from the domestic mass and regional premium mass segments?"},{"label":"Online Gaming Strategy?","query":"How does Bloomberry's online gaming expansion strategy align with its land-based operations, and what specific regulatory frameworks are being navigated for its continued revenue growth?"}],"footnotes":""},"categories":[28,16333],"tags":[15417,23632],"class_list":["post-29188","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-news","category-south-east-asia-news","tag-bloomberry-resorts","tag-integrated-resorts"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29188","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=29188"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29188\/revisions"}],"predecessor-version":[{"id":29231,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29188\/revisions\/29231"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/29713"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=29188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=29188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=29188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}