{"id":777015173,"date":"2024-05-02T09:25:29","date_gmt":"2024-05-02T12:25:29","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777015173"},"modified":"2026-04-22T10:38:51","modified_gmt":"2026-04-22T13:38:51","slug":"bloomberry-completes-settlement-with-global-gaming-asset-management","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/bloomberry-completes-settlement-with-global-gaming-asset-management","title":{"rendered":"Bloomberry completes settlement with Global Gaming Asset Management"},"content":{"rendered":"\n<p>Bloomberry Resorts has purchased all shares held by Global Gaming Asset Management.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>The Philippines.-\u00a0Bloomberry Resorts\u00a0has concluded its settlement agreement with <strong>Global Gaming Asset Management (GGAM<\/strong>). As of April 30, Sureste Properties, a subsidiary of Bloomberry, had purchased all shares held by GGAM for<strong> PHP16.78bn (US$290.7m)<\/strong>.<\/p>\n\n\n\n<p>According to\u00a0Bloomberry&#8217;s\u00a0filing with the Philippine Stock Exchange, the agreed purchase price was PHP18.22 (US$0.32) per share for 921,184,056 shares.\u00a0The transaction was executed\u00a0through a special block sale through the Philippine Stock Exchange under the settlement agreement.<\/p>\n\n\n\n<p>The settlement\u00a0brings an end to\u00a0a decade-long dispute between Bloomberry and GGAM that stemmed from\u00a0the termination of\u00a0a management services agreement for gaming facilities at the Solaire Resort and Casino in Manila, Philippines. This agreement had been in place between several Bloomberry subsidiaries and entities associated with GGAM, which has ties to former casino executive William Weidner.<\/p>\n\n\n\n<p><strong>See also:<\/strong>&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/bloomberry-ceo-expects-solaire-north-ir-to-be-fully-ramped-up-by-2026\" rel=\"noreferrer noopener\">Bloomberry CEO expects Solaire North IR to be&nbsp;\u201cfully ramped up\u201d&nbsp;by 2026<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberry Resorts has purchased all shares held by Global Gaming Asset Management.<\/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, through its subsidiary Sureste Properties, has acquired all shares held by Global Gaming Asset Management (GGAM) for PHP16.78bn (US$290.7m) via a special block sale on the Philippine Stock Exchange. This transaction formally concludes a decade-long dispute between the entities, which originated from the termination of a management services agreement for the Solaire Resort and Casino in Manila.","focusai_entities":"Bloomberry Resorts, Global Gaming Asset Management, Sureste Properties, Philippine Stock Exchange, Solaire Resort and Casino, William Weidner","focusai_location":"Philippines, Manila","focusai_target_profile":"ceo_executive (1.0), 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":"Bloomberry's Capital Strategy","query":"How will this PHP16.78bn share acquisition impact Bloomberry Resorts' capital expenditure plans and debt leverage, particularly in light of the Solaire North IR ramp-up by 2026?"},{"label":"Governance & Operational Impact","query":"What are the specific implications of GGAM's full divestment for Bloomberry's corporate governance framework and the operational autonomy of Solaire Resort and Casino?"}],"footnotes":""},"categories":[157,16333],"tags":[15417],"class_list":["post-777015173","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-east-asia-news","tag-bloomberry-resorts"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777015173","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=777015173"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777015173\/revisions"}],"predecessor-version":[{"id":777015182,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777015173\/revisions\/777015182"}],"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=777015173"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777015173"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777015173"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}