{"id":777004167,"date":"2023-04-11T12:34:50","date_gmt":"2023-04-11T15:34:50","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777004167"},"modified":"2026-04-22T22:57:46","modified_gmt":"2026-04-23T01:57:46","slug":"bloomberry-to-build-third-ir-in-cavite-after-quezon-city-launch","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/bloomberry-to-build-third-ir-in-cavite-after-quezon-city-launch","title":{"rendered":"Bloomberry to build third IR in Cavite after Quezon City launch"},"content":{"rendered":"\n<p>Bloomberry Resorts has purchased 2.8 million square metres of land for PHP7.5bn (US$136.95m).<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>The Philippines.- Bloomberry Resorts has confirmed that it will expand its integrated resort portfolio with a new project in the province of Cavite.&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/bloomberry-reveals-plans-for-new-philippine-casino\" target=\"_blank\">The company had already reportedly plans<\/a>&nbsp;for the third resort, which will be located in the Paniman area of Cavite. It has confirmed that it will start working on the project after the opening of its Solaire Resort North in Quezon City early next year.<\/p>\n\n\n\n<p>According to sources, Bloomberry Resorts has already acquired 2.8 million square meters of land in the Paniman area for PHP7.5bn (US$136.95m). The company aims to develop the property into a world-class integrated resort and entertainment complex with a hotel, casino, golf course residential and mixed-use development.&nbsp;<\/p>\n\n\n\n<p>Meanwhile, when <a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/bloomberry-resorts-posts-net-income-of-us93-6m-for-2022\" target=\"_blank\">sharing its financial results<\/a><strong>&nbsp;<\/strong>for the year 2022, the company said its Quezon City project will launch in the first quarter of 2024. For 2022, Bloomberry reported a net income of PHP5.14bn (US$93.6m), after a net loss of PHP4.25bn in 2021.<\/p>\n\n\n\n<p>Consolidated<strong>&nbsp;net revenue for the year was PHP38.9bn, a 77 per cent increase&nbsp;<\/strong>from PHP22.0bn in the previous year. Consolidated EBITDA reached PHP14.3bn, up by 175 per cent year-on-year.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberry Resorts has purchased 2.8 million square metres of land for PHP7.5bn (US$136.95m).<\/p>\n","protected":false},"author":176,"featured_media":21007,"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 is expanding its integrated resort footprint in the Philippines, acquiring 2.8 million square meters of land in Cavite for US$136.95 million for a new development. This strategic move follows the anticipated Q1 2024 launch of Solaire Resort North in Quezon City and is supported by Bloomberry's strong 2022 financial performance, which saw a significant return to net income and substantial revenue growth.","focusai_entities":"Bloomberry Resorts, Solaire Resort North","focusai_location":"Philippines, Cavite, Quezon City, Paniman","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.7), operator_casino (0.9), investor_analyst (0.95), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Cavite Project Funding?","query":"What is the projected total capital expenditure for the new integrated resort in Cavite, and how will Bloomberry Resorts finance this significant development given its current debt structure and cash flow projections?"},{"label":"Market Impact Cavite?","query":"How is the new Cavite integrated resort positioned to differentiate itself within the competitive Philippine gaming market, and what are the anticipated GGR and NGR contributions post-launch, considering the existing Solaire properties?"}],"footnotes":""},"categories":[157,16333],"tags":[15417,23632],"class_list":["post-777004167","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-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\/777004167","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=777004167"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777004167\/revisions"}],"predecessor-version":[{"id":777004213,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777004167\/revisions\/777004213"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/21007"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777004167"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777004167"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777004167"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}