{"id":29970,"date":"2022-05-19T12:38:03","date_gmt":"2022-05-19T15:38:03","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=29970"},"modified":"2026-04-23T08:35:41","modified_gmt":"2026-04-23T11:35:41","slug":"bloomberry-reveals-plans-for-new-philippine-casino","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/bloomberry-reveals-plans-for-new-philippine-casino","title":{"rendered":"Bloomberry reveals plans for new Philippine casino"},"content":{"rendered":"\n

Bloomberry Resorts Corp plans to build a third casino resort on the Philippines\u2019 main island, Luzon.<\/p>\n\n\n\n\n\n\n\n

Philippines.- Bloomberry Resorts Corp has announced plans to develop a new integrated resort in Cavite, about 41 miles south of Metro Manila, on the Philippines\u2019 main island of Luzon. The location will be in the coastal community of Paniman.<\/p>\n\n\n\n

Bloomberry, the parent company of Manila\u2019s Solaire Resort and Casino<\/strong>, reported in a filing with the Philippine Stock Exchange that it has entered into an agreement with a group of landowners to purchase 2,797,768 square meters of land\u00a0at an average of PHP7.55bn (US$144.3m) per square metre.<\/p>\n\n\n\n

Meanwhile, Solaire Entertainment Property Holdings Inc (SEPHI) intends to acquire just under 2.80 million square metres (81.31-million sq feet). Bloomberry said SEPHI will buy only titled and cleared land. Bloomberry said it intends to develop an integrated resort and entertainment complex with a \u201cworld class casino, hotel, golf course, commercial, residential and mixed-use development.”<\/p>\n\n\n\n

The firm added that the Paniman Project is expected to commence after the Solaire North in Vertis, Quezon City<\/a> has started commercial operations. Bloomberry Resorts\u2019 chairman and chief executive, Enrique Razon told the company’s annual meeting for stockholders on April 21 that Solaire North, to the northeast of Manila, remains on track to open in 2023. <\/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":"

Bloomberry Resorts Corp plans to build a third casino resort on the Philippines\u2019 main island, Luzon.<\/p>\n","protected":false},"author":226,"featured_media":26802,"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 Corp. is expanding its integrated resort portfolio with plans for a third major development in Cavite, Luzon, Philippines, following a significant land acquisition totaling approximately PHP7.55bn (US$144.3m). This strategic move, which includes a world-class casino, hotel, and mixed-use facilities, is slated to commence after the Solaire North project becomes operational. Concurrently, the company's board approved amendments to its stock incentive plan, extending its duration and clarifying eligibility criteria for key personnel.","focusai_entities":"Bloomberry Resorts Corp, Solaire Resort and Casino, Solaire Entertainment Property Holdings Inc, SEPHI, Enrique Razon, Philippine Stock Exchange","focusai_location":"Philippines, Luzon, Cavite, Paniman, Metro Manila, Quezon City, Vertis","focusai_target_profile":"ceo_executive (0.95), regulator (0.85), compliance_legal (0.9), operator_casino (0.9), marketing_crm (0.7), payments_fraud_aml (0.75), investor_analyst (0.95), supplier_vendor (0.9)","focusai_suggestions":[{"label":"Cavite GGR Projections?","query":"What is the projected GGR contribution of the Cavite integrated resort upon full operational maturity, and how does this align with Bloomberry's long-term market share objectives in Luzon?"},{"label":"Regulatory Hurdles?","query":"What specific regulatory hurdles, beyond standard B2C licensing, does Bloomberry anticipate for the Cavite project, particularly concerning environmental impact assessments and land conversion permits?"}],"footnotes":""},"categories":[28,158,16333],"tags":[413,128],"class_list":["post-29970","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-news","category-slider-home","category-south-east-asia-news","tag-bloomberry","tag-philippines"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29970","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\/226"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=29970"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29970\/revisions"}],"predecessor-version":[{"id":29987,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29970\/revisions\/29987"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/26802"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=29970"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=29970"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=29970"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}