Solaire Resort & Casino, is the first Philippine premium/luxury hotel and gaming resort in Entertainment City. BRHI, as the license holder, operates the casino while Sureste operates the hotel business.On March 16, 2013, the Group commenced commercial operations, upon completion of Phase 1 of Solaire, along with the opening of the main gaming area and initial non-gaming amenities, such as Solaire’s hotel, food and beverage outlets.Phase 1 of Solaire consists of a casino with an aggregate gaming floor area of approximately 18,500 square meters (including approximately 6,000 square meters of exclusive VIP gaming areas), with approximately 1,400 slot machines, 295 gaming tables and 88 electronic table games. Phase 1 has 488 hotel rooms, suites and bayside villas, and 15 specialty restaurants and F&B outlets including (the number of seats are approximations): 240-seat Chinese restaurant, 150-seat American steakhouse, 150-seat Japanese restaurant, 120-seat Italian restaurant, 250-seat international buffet/coffee shop, 176-seat noodle shop, 150-seat live entertainment lounge and 220-seat food court and 20 seat lobby bar, and a 50-seat lounge area. It has a multilevel parking building with approximately 1,500 parking slots, a grand ballroom with approximately 1,000 seats, spa and fitness center, and bayview promenade.On November 22, 2014, Bloomberry opened the Sky Tower, which was previously referred to as Phase 1A development of Solaire. Contiguous to the existing Solaire Resort and Casino, the Sky tower consist of a 312 all-suite hotel, additional ten VIP gaming salons with 66 gaming tables and 223 slot machines, an exclusive House of Zhou Chinese restaurant and The Macallan Whisky and Cigar Bar for VIP gamers, state-of-the art meeting rooms (The Forum) and a lyrical theater (The Theatre). The Sky Tower also features two restaurants, the Waterside Restobar and Oasis Garden Café. The Theatre is a certified 1,760-seat lyric theatre designed to provide a superior audio-visual experience for wide range of theatre plays and musicals, dance performances, concerts, and amplified music and speech events. It is also accessible to a new multi-level parking garage that can accommodate and secure over 3,000 vehicles. The Forum is a 2,000 square meters of meeting facility with eight meeting rooms, two boardrooms and a column-free grand ballroom and a flexible pre-function area.
Philippines-listed Bloomberry Resorts has reported a 46 percent increase in Q3 GGR at its Solaire Resort & Casino in the Philippines, driven by higher hold in VIP and strength in the mass gaming segments. Solaire’s VIP tables saw a 117 percent increase in revenue in the quarter, reaching P8.6 billion (US$170 million), while mass tables […]
Bloomberry Resorts, the operator of the Solaire Resort & Casino in Manila, posted a 52 percent jump in Q2 net profit, fuelled by strength in all gaming segments.
Bloomberry Resorts is expected to see an eleven percent rise in gaming revenue in 2019, driven by strong Chinese visitation and junket expansion in the ASEAN region, according to analysts from Morgan Stanley. During the first quarter of 2019, Bloomberry Resorts saw its net profit shrink 40 percent, due to lower foreign exchange gains, higher […]
Bloomberry Resorts, the operator of the Solaire Resort & Casino saw its consolidated net income plunge by 40 percent in the first quarter of the year, due to lower foreign exchange gains, higher interest expenses and weaker gaming revenues. Net income for the quarter reached P2.2 billion, while gross gaming revenues fell one percent to […]
Bloomberry Resorts plans to start construction of a $308-million cruise port in Parañaque City in the third quarter of the year, local media reported chairman and CEO Enrique Razon as saying on the sidelines of the group’s annual shareholder meeting.
Scientific Games Corporation and Solaire Resort & Casino have announced the launch of Jin Ji Bao Xi Gold, SG’s highest jackpot start-up ever in the Philippines. The jackpot was launched with a staggering P50 million (US$958,625) on February 26, 2019 on 96 Dualos with SL-V platform cabinets. “Scientific Games always partners with our customers to […]
Bloomberry Resorts, the owner of the Solaire Resort and Casino in Manila, reported record net profit in 18H1. Consolidated net profit reached P5.3 billion, the highest reported six-month earnings since opening. Net revenue increased 20 percent to P22.1 billion, while consolidated gross gaming revenues (GGR) reached P25.1 billion, up 14 percent year-on-year. Consolidated EBITDA increased […]
Bloomberry Resorts Corporation, owner and operator of the Solaire Resort & Casino, is looking north for future expansion. Its latest casino venture, which will be using the Solaire brand, is slated to be in Quezon City, the northern part of Manila, as part of a strategy to capture the untapped mass gaming sector there. Owner, […]
Bloomberry Resorts Corp said it has completed the acquisition of the land plots on which its Solaire Resort & Casino is situation for P37.33 billion ($709.6 million).
Shares in Bloomberry Resorts jumped 3.5 percent in Manila after the operator posted record results for 2017, though its gaming revenue and EBITDA in the final quarter were hit by low hold rates. In Q4, gross gaming revenues fell 2 percent year-on-year to PHP10.27 billion ($196.9 million) after the VIP hold rate fell to 1.95 […]
Takara Gaming Group said it has reached an accord with Bloomberry Resorts’ Solaire Resort & Casino to provide its gaming machine on the casino floor. “TGG has always been eyeing the potential of the Philippines market and with this agreement, it places TGG in the best position to expand the Asian VIP and the rapidly […]
Bloomberry Resorts Corporation has submitted a bid to purchase 16 hectares of land where Solaire Resort & Casino and its expansion area is located. In a filing to the Philippine Stock Exchange on Friday, Bloomberry said that the bid was submitted by its wholly-owned subsidiary, Sureste Properties Inc (SPI), which is the lessee of the […]
Bloomberry Resorts and Hotels Inc. is giving up to two million shares of the company as a reward to Solaire’s loyal patrons as part of a marketing program. The operator, which runs the Solaire Resort & Casino in Entertainment City made the announcement in a filing to the Philippine Stock Exchange on Tuesday. The company […]
Philippine Amusement and Gaming Corporation (PAGCOR) has launched a second auction for two parcels of land occupied by Bloomberry’s Solaire Resort and Casino. PAGCOR put the two plots of land, which covers some 160,359 sqm, on auction in late November. The minimum floor price for the land was priced at P37.2 billion (US$738 million). These […]
The Philippine Amusement and Gaming Corporation (PAGCOR) is launching an auction for two parcels of land currently occupied by Bloomberry’s Solaire Resort and Casino. Total area for the two plots of land is 160,359 square meters. Minimum floor price for the land is P37.2 billion, to be paid in cash. Pagcor however noted that the […]
Bloomberry Resorts Corporation (BLOOM PM), owner and operator of the Solaire Resort & Casino and Jeju Sun Hotel & Casino, posted record Q3 mass table drop and gross gambling revenue from electronic gaming machines, while VIP volumes slipped. Total gross gaming revenue at Solaire in the Philippines increased by 16.6 percent to P11.5 billion as […]
Bloomberry Resorts chair and controlling shareholder Enrique Razon has sold a portion of his stake in Philippines gaming operator Bloomberry Resorts Corporation for P3.8 billion ($74.5 million), local media reports. In an overnight placement, Razon’s Prime Metroline Holdings sold 350 million shares at 10.85 pesos per share, representing a 3.18 percent stake in the company […]
Bloomberry Resorts said second quarter consolidated net profit grew 47.4 percent year-on-year to P1.96 billion (US$38.5 million), attributed to robust growth in its Philippines gaming operation. Net revenue increased 17.8 percent to P9.9 billion in the quarter. The boost was attributed to an increase in revenue from its Solaire Resort & Casino property in the […]
A Singaporean woman has been rescued by Filipino authorities after being kidnapped by three men and a woman at Solaire Resort and Casino on Tuesday, local media reports. The kidnappers reportedly beat and threatened the woman in a room in Bayview International Towers where they demanded US$180,000 for her release. Authorities were able to rescue […]
Bloomberry Resorts’ Solaire Resort and Casino saw a number of guest cancellations following last week’s attack at Resorts World Manila, but executives continue to be optimistic for the rest of the year, The Inquirer reports. On Thursday, Bloomberry Resorts Corporation chair Enrique Razon Jr. said the company saw guests and players withdraw their reservations from […]
Bloomberry Resorts swung to a profit in Q1, boosted by record VIP volumes and rising mass and slot revenues. The operator of the Solaire Resort & Casino in Manila’s Entertainment City posted a profit of 2.15 billion pesos, compared with a loss of 1.15 billion pesos in the prior year quarter. Revenue surged to 8.58 […]
Donaco International Ltd has signed a three year deal with Kings Consulting Limited, owner of Poker King Club, to stage international poker tournaments at the Star Vegas. Poker King Club (PKC), which was founded in 2009 provides both cash game services and tournaments at different levels for all types of players. PKC currently has three […]
Philippine casino operator Bloomberry Resorts Corporation will likely begin development of its second hotel and casino project in early 2018 instead of 2017, local media reports. In a recent interview, Bloomberry chairman Enrique Razon Jr. noted that the Quezon City property where it will stand had yet to be cleared of informal settlers, reports Rappler. […]
Philippine casino operator Bloomberry Resorts Corporation posted a net profit of P2.3 billion (US$46.1 million) for the year ended December 31, 2016, according to a filing to the Philippine Stock Exchange on Friday. The profit result was a strong turnaround from the P3.4 billion (US$66.9 million) net loss recorded in 2015. Bloombery said that results […]
The Philippine Court of Appeals has ordered Melco Crown Entertainment to abide by an accord to not hire the employees of rival Bloomberry Resorts and Hotels for a minimum of six months after their termination. The original compromise accord was approved by the Regional Trial Court in Paranaque City in December, 2014 and led to […]
Bloomberry Resorts chairman Enrique Razon has proposed for the government to adopt a “visa-on-arrival” policy for mainland Chinese visitors, local media reports. Currently, Chinese travellers are required to secure a visa from their place of origin. Razon reportedly made the suggestion to Finance Secretary Sonny Dominguez and Foreign Secretary Jun Yasay during a dinner, according […]
Philippine casino operator Bloomberry Resorts saw an increase in Chinese visitors last month, suggesting President Rodrigo Duterte’s lean towards Beijing has started to benefit business, local media reports. According to Bloomberry chairman Enrique Razon, Chinese arrivals at its Solaire casino in Manila rose nearly 140 percent in November and 80 percent in October compared with […]
Total gross gaming revenue in the Philippines jumped 11.2 percent in Q3, led by higher revenue from casinos in Entertainment City. According to figures from regulator, the Philippine Amusement and Gaming Corp., revenue from casinos and electronic gaming sites came in at PHP39.74 billion ($807.2 million). Revenue generated from e-gaming sites was PHP5.57 billion, a […]
Philippines-listed Bloomberry Resorts Corp posted an all-time record in gross gaming and non-gaming revenues as well as EBITDA for the first nine months of 2016, helped by cost controls and a jump in Q3 VIP revenue. According to the company’s filing to the Philippine Stock Exchange on Monday, gross gaming revenues grew 14 percent to […]
Bloomberry Resorts Corp chairman and founder Enrique Razon says he is pushing ahead with plans for the company’s second casino, in Quezon City. In an interview with Bloomberg on Friday, Razon said construction of the $418 million resort in Manila may start mid-next year and could be finished in 2019. In regards to Duterte’s campaign […]
The Philippines Supreme Court has ruled in favor of casino operator Bloomberry Resorts Corp. regarding its legal dispute with the Bureau of Internal Revenue (BIR), local media reports. In April 2013, the BIR imposed a corporate income tax to casinos licensed by the Philippine Amusement and Gaming Corp (Pagcor), including Bloomberry Resorts Corp. However, BRHI, […]
Philippine gross gaming revenue rose 23 percent in July compared with the same month a year earlier, with solid growth in mass, said CLSA analyst Marcus Liu in a note on Friday. The results were a dip from June, which marked the region’s third consecutive month of all-time highs. The results were still strong though, […]
Philippine lender Security Bank Corp has removed Bloomberry Resort Corp from the Southeast Asian nation’s stock market index, says the Philippine Stock Exchange, Reuters reports. The benchmark index requires the firm to be among the most liquid and valuable companies on the market. Bloomberry was the only casino operator in the index. The changes will […]
Philippines state-run gaming regulator will soon revoke the reduced license fees given to the four casinos in Entertainment City, according to the Manila Bulletin. Philippine Amusement and Gaming Corp chairperson Andrea Domingo said the Commission on Audit had already warned Pagcor about the imposition of special rates for some casinos, which costs the government billions […]
Casino operator Bloomberry Resorts Corporation has reported P1.3 billion ($28.5 million) of profit in the second quarter of 2016, compared to a loss of P787 million in the same quarter in 2015. The company, which owns and operates the Solaire Resort and Casino in the Philippines said its second quarter revenues surged by 40 percent […]
Scientific Games Corporation’s most successful progressive link in Asia created another big winner when the Scientific Games Duo Fu Duo Cai jackpot was won at Solaire Resort & Casino Manila. The world’s largest Duo Fu Duo Cai link jackpot was won in May, when a Diamond Card member won an amazing P$40,668,942 (US$875,000) on the […]
Philippines’ integrated resorts posted another solid month in June, achieving their third consecutive month of all-time highs. According to a note from CLSA, year-to-date the sector is up 22 percent, ahead of consensus of 15 percent expected this year. The brokerage also noted that VIP was up strongly, but mass was suffering “a bit of […]
Philippines-based casino Solaire Resort and Casino has taken its brand campaign and promotions to Macau, reports Macau Daily Times. The creative marketing agency, Conde Group, which is responsible for Solaire’s brand campaign in the Chinese-focused gaming hub, said it also aims to target Hong Kong visitors and tourists, in addition to Macau residents. “The muppies [roadside […]
Bloomberry Resorts Corp., operator of Solaire Resorts and Casino will be increasing its scrutiny against junket operators in the aftermath of the $81 million money laundering scandal, local media reports. In a stockholders meeting on Tuesday, Bloomberry chair Enrique Razon Jr. said the two Chinese businessmen identified as being involved in the money laundering case, […]
A US congressional committee has begun a probe of how hackers managed to divert $101 million from Bank of Bangladesh accounts held at the Federal Reserve in New York, which was subsequently laundered through Manila casinos. In a letter to the Fed’s president dated Tuesday, the Science Committee in the US House of Representatives asked […]
Casino junket operator Kim Wong has completed the turnover to the Anti-Money Laundering Council of a further PHP 250 million, representing some of the funds stolen from the Bangladesh central bank and laundered through Philippine casinos. The handover was the fourth and final tranche of funds that Wong says he unwittingly received from Chinese clients […]
The next Philippine government should discourage the near-term expansion of casinos outside of Entertainment City, said Belle Corp. vice chair Willy Ocier, reports The Inquirer. Belle Corp. owns the City of Dreams Manila casino in Entertainment City. Ocier made the comments after Enrique Razon Jr, owner of the Solaire Resort and Casino in Entertainment City, […]
Philippines casino operator Bloomberry Resorts Corp plans to develop a 1.5-hectare property in Quezon City into a mixed-use development with a hotel and casino, local media reports. Bloomberry chairman and chief executive Enrique Razon Jr. said the new development would be “similar to Solaire Resorts and Casino” in Manila’s Entertainment City. “We will probably start […]
Enrique Razon Jr. has warned of an oversupply of casinos in the Manila Bay area, with two more gaming complexes scheduled to open in the next two years, The Inquirer reports. “It’s too many, too fast,” said Razon, chairman of Bloomberry Resorts Corp. on the sidelines of the International Container Terminal Services Inc. annual general […]
Kam Sin Wong, who was recently charged for his involvement in laundering $81 million stolen by hackers from Bangladesh’s central bank has denied any wrongdoing or knowledge of the heist, Reuters reports. “I have nothing to do with the forging of bank documents for the $81 million. I don’t know the source of the $81 […]
Solaire Resort & Casino presented a mega-sized prize cheque of over US$781,000 to a player who won the Da Fu Da Gui, progressive jackpot on Mar. 11, 2016. This is the first player in the world who has won the Grand Jackpot plus the Double Luck jackpot since Da Fu Da Gui, the 4 level […]
Macau junket operator Suncity Group Ltd denies it made political donations to Philippines independent presidential candidate Senator Grace Poe, local media reports. On Monday, Philippines newspaper The Daily Tribune reported that it obtained documents showing Poe’s camp had accepted P150 million (US$3.2 million) in “political donations” from the junket via three cash vouchers issued last […]
Independent presidential candidate Senator Grace Poe has reportedly accepted campaign contributions totalling P150 million (US$3.2 million) from Sun City Group, a Macau-based junket operator, according to The Daily Tribune report. The report claims that it obtained documents that Poe’s camp accepted P150 million in “political donations” from the junket via three cash vouchers issued last […]
Preliminary findings of state-run Philippine Amusement Gaming Corp. (Pagcor) has revealed that only $46 million of the $81 million in Bangladeshi hacked funds entered Philippine casinos, reports the Inquirer. “Only a portion (of the $81 million) went to the local casinos and these were all used to bet at the tables and buy chips,” said […]
The Philippine Amusement and Gaming Corporation (PAGCOR) is investigating money laundering allegations after receiving reports that as much as $100 million of illicit funds were remitted to three casinos’ bank accounts, local media reports. The report revealed that Chinese hackers took money from banks in Bangladesh, they then sold the money to the black market […]
Filipino billionaire Enrique K. Razon Jr, Chairman and CEO of Bloomberry Resorts Corporation is not as fazed by the corruption crackdown that has left so many VIP gaming tables vacant across Asia, according to an interview with The Inquirer. Bloomberry Resorts Corp., the holding company for the Solaire Casino, from the outset has been tapping […]
In a recent report by First Metro Investment Corp, the Philippine gaming market is expected to continue its decline, in line with the slowdown of gaming activities in Macau. In a report, FMIC said the Philippine gaming market is still highly correlated to the gaming market in Macau. “Listed Philippine casino and hotel operators have […]
Bloomberry Resorts Corp, which operates Manila’s Solaire Resort and Casino, reported a net loss in 15Q2 of PHP773.54 million ($16.75 million). The figure compares to a net gain of PHP846.60 million in the same quarter the year before. Despite revenues for the quarter going up by 9.4 percent to PHP5.99 billion, operating costs soared 47.2 […]
Philippine casino stocks are among the worst-performing so far this year as an expected influx of Chinese visitors has failed to materialize, Bloomberg reports. Shares of Bloomberry Resorts, which operates the Solaire Resort & Casino, have lost 27 percent this year, and Resorts World Manila operator Travellers International Hotel Group Inc. has slumped 35 percent. […]
Bloomberry Resorts, the owner of the Solaire Resort & Casino in Manila, would be interested in possible opportunities in Taiwan if the government there approves regulation legalizing casinos. Chairman Enrique Razon told local media at the company’s shareholders’ meeting that the company also continues to monitor developments in Japan, where a bill is currently being […]
A 37-year-old Singaporean man has been charged in the Philippines with trying to cheat a casino out of $30 million in gambling chips by using a fake telegraphic transfer, according to local media. Dominic Sim, the chief executive of Singapore-based Bullion Investment Group, is believed to have got $8 million worth of gambling chips from […]
Heather Scheibenstock, senior vice president of Table Games of Solaire Resort & Casino, Manila expressed her delight with the extended partnership with All Asia Dealers championship which is the best platform for dealers to further develop their talent and skills:
At press conference held on Tuesday May 12, 2015 in Macau, the All Asia Dealers Championship (AADC), taking place concurrently with G2E Asia 2015 and hosted by Asia Gaming Brief and Reed Exhibitions, announced the details of the competition. In all, fourteen teams, totaling over 50 Dealers, from Macau and across Asia have already confirmed […]
The Philippines property market remains robust across all sectors as developers continue to expand amid the country’s strong growth and ahead of the Asean Economic Integration. The Philippines, whose fourth quarter GDP grew by 6.9 percent and annualized growth rate grew 6.1 percent, is drawing an influx of big investors, according to a report by […]
The Philippines has been one of the best-performing gaming jurisdictions over the past five years and is expected to continue to outperform, despite rising regional competition, as the country’s operators expand.
Political hurdles have slowed Asia’s progress towards a cashless model for casino gaming, but wider social trends and potential benefits to anti-money laundering (AML) efforts and responsible gaming checks could persuade regulators to reconsider.
China’s VIPs are once again driving gross gambling revenue across the region, with the Philippines tipped as being one of the best-placed jurisdictions to take a slice of the high-roller pie.
Solaire Resort & Casino, owned by Bloomberry Resorts, was the first IR to open its doors in Entertainment City. The $1.2 billion property, on an 8.2 hectare site, made its debut in March 2013 and expanded with the opening of the Sky Tower in late 2014. The company is now looking at further expansion with a resort in Quezon City, adjacent to Manila.
Casino operators in the Philippines have been attending workshops on how to comply with the country’s new anti-money laundering regulations, though some industry experts say the rules are still are not strong enough. The reporting thresholds are similar to Macau, and some say that's too high for the market.
Filipinos’ well known love for entertainment means the country’s casinos may see significant upside from their non-gaming attractions if they get the mix right, giving Macau a run for its money when it comes to creating a diversified entertainment hub in Asia. Morgan Stanley estimates non-gaming may account for 20 percent of what it projects will be a $5 billion market by 2020.
Asia’s gaming markets have seen a strong first half, with Macau, the Philippines and Cambodia leading the way, prompting some analysts to revise upwards their targets for the full year. But it hasn’t all been plain sailing; the fatal attack on Resorts World Manila lead to a suspension of its gambling operations in June, while South Korea continues to underperform after a diplomatic spat with China, which banned tour groups after Seoul agreed to deploy a U.S. missile shield.
The Philippines is expected to be one of the strongest growing gaming markets in Asia again in 2017, driven by another major opening in Manila’s Entertainment City, however growth is expected to slow over the longer term in the face of greater regional competition.
The Philippines was one of the best-performing casino markets around Asia in 2015, defying the regional slump to post a 17 percent increase in gross gaming revenue. Most of the focus has been on the multi-billion dollar resorts springing up in Manila’s Entertainment City, but industry experts say there’s plenty of opportunity outside of the capital.
Were it not for a simple spelling mistake on an online bank transfer instruction, cyber criminals would have made off with more than $1billion from the Bangladesh Bank in February. The attempted raid left many scratching their heads as to how in this day and age, with all the anti-fraud checks banks should have in place, such an audacious heist was even thought possible. And while the misspelling of “foundation” as “fandation” was enough to prompt the bank to halt the transfer, the unknown criminals still walked away with $80 million. Had the spelling mistake not occurred, they would have taken the full amount. The case has highlighted the shortcomings of AML laws in the Philippines and raised concerns of inadequacies in most other Asian jurisdictions, raising calls for action.
As China’s outbound tourism market continues to balloon, a growing number of destinations are easing visa requirements to woo the mainland traveller, with casinos in those countries likely to be among the key beneficiaries. With research suggesting that most Chinese overseas tourists will visit a casino, relaxed visa restrictions could be a key driver for GGR.
The Philippines, tipped at the beginning of the year to be the region’s best-performing gambling market, is still likely to outperform its peers despite heavy second-quarter losses among operators, slumping stocks and ongoing project delays, analysts say.Manila’s Entertainment City gaming hub had been expected to be a key beneficiary from the VIP exodus from Macau, however, losses across the industry mounted in Q2, with JP Morgan predicting in a June report that profit across the sector would be down 56 percent this year.
With Macau gambling revenue falling for the 12th straight month in June and new multi-billion dollar casinos set to double capacity in the territory, it has become more important than ever for operators to find a way to stand out from the crowd -- but does it have to break the budget? Kevin Clayton, chief marketing officer for Galaxy Entertainment Group, cites the old saying “differentiate or die,” to describe the need for the companies to carve out their market niche and shape their brands through the best use of all available marketing tools.
The Philippine gaming market is expected to be one of the fastest growing in Asia this year, though early signs of cannibalization amongst newly opened resorts has led to some concern the market may not be deep enough to support the planned multi-billion properties.