• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Bloomberry Quezon City scheme delayed by Covid-19: CEO

Jun 22, 2020 Newsdesk Latest News, Philippines, Top of the deck  


Bloomberry Quezon City scheme delayed by Covid-19: CEO

The boss of Bloomberry Resorts Corp says countermeasures on Covid-19 in the Philippines are likely to push back the completion date of the firm’s new gaming resort known as Solaire North, in Quezon City, part of the Greater Manila area.

It was now likely to be completed at the end of 2022 or early 2023, said Enrique Razon (pictured in a file photo), Bloomberry’s chairman and chief executive, in comments to shareholders at the firm’s annual meeting on Thursday, as reported by local media.

Bloomberry is the operator of Manila gaming complex Solaire Resort and Casino.

Construction had “partially restarted” at Solaire North, Mr Razon was cited as saying, although the specifics of the current quarantine rules for Quezon City were not mentioned in reports.

The existing Solaire Resort and Casino in the Entertainment City casino zone in Metro Manila has been closed since mid-March and remains so, due to a general community quarantine currently in place in Metro Manila and due to run at least until June 30.

Mr Razon was cited in his Thursday comments as saying that – with an eye on imminent reopening – the group had “invested heavily” and “gone to extreme lengths” to make sure sanitisation procedures for Solaire and for its guests once they return, would be as “safe as possible”.

In general commentary on the firm’s business outlook after Covid-19, Mr Razon said the group would “exercise prudence and restraint” in managing its balance sheet and finances. Bloomberry has said when it does open it will be at reduced gaming capacity in order to keep guests physically apart for safety reasons.

In a May filing to the Philippine Stock Exchange, Bloomberry said first-quarter net income declined by 37.7 percent year-on-year, while net revenue contracted by 12.5 percent, which it attributed to the impact of Covid 19.


  • tweet
Related articles
  • Over 7.9mln Bloomberry shares vested to some senior execs
    Over 7.9mln Bloomberry shares vested to...

    May 18, 2022  

  • PH Resorts widens 1Q loss, affirms going concern risk
    PH Resorts widens 1Q loss, affirms...

    May 17, 2022  

More news
  • New Lim cruise biz only months after GEN HK in liquidation
    New Lim cruise biz only months after...

    May 18, 2022  

  • Kangwon drove 2021 S.Korea casino revenue growth: govt
    Kangwon drove 2021 S.Korea casino...

    May 18, 2022  


Latest News

New Lim cruise biz only months after GEN HK in liquidation

New Lim cruise biz only months after GEN HK in liquidation

May 18, 2022  

A casino cruise brand reportedly controlled by Malaysian entrepreneur Lim Kok Thay is to launch services from Singapore fewer than five months after the Lim family-founded Dream Cruises brand of the...
Read More
Kangwon drove 2021 S.Korea casino revenue growth: govt

Kangwon drove 2021 S.Korea casino revenue growth: govt

May 18, 2022  

Over 7.9mln Bloomberry shares vested to some senior execs

Over 7.9mln Bloomberry shares vested to some senior execs

May 18, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


US$10 billion

Target set by gaming equipment and online content provider Light & Wonder for total capital creation from 2022 to 2025



Most Popular

  • Wynn CEO, Macau execs in base pay cut in return for sharesWynn CEO, Macau execs in base pay cut in return for shares May 17, 2022
  • Macau repeat visitors denied visa by China says BernsteinMacau repeat visitors denied visa by China says Bernstein May 16, 2022
  • U.S. says Steve Wynn ‘foreign agent’, lobbied for ChinaU.S. says Steve Wynn ‘foreign agent’, lobbied for China May 18, 2022
  • Alleged bribe offer to ex-Wynn manager probed by HK, MacauAlleged bribe offer to ex-Wynn manager probed by HK, Macau May 17, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us