• 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

Casino op Bloomberry confirms cruise port unit

Jul 29, 2019 Newsdesk Latest News, Philippines, Top of the deck  


Casino op Bloomberry confirms cruise port unit

Casino promoter Bloomberry Resorts Corp has confirmed in a filing to the Philippine Stock Exchange that it has set up a unit to “establish, manage and operate” cruise terminals.

Bloomberry Resorts, which runs the Solaire Resort and Casino (pictured) in the country’s capital, Manila, said cruise ship facilities to be run by the new unit – Bloomberry Cruise Terminals Inc – would be a “complementary line of business” to its “tourism and leisure business”.

Bloomberry Resorts had flagged to investors such a plan in a filing last year.

Earlier this month a person described as an advisor to Bloomberry Cruise Terminals was quoted saying some cruise passenger reception facilities at Salomague in the far northern Philippines were likely to be operational from December onwards.

Work on a Manila cruise terminal – to the called the “Solaire Cruise Center” according to the person – was to go out to tender during the third quarter this year, with the aim of having the site operational by the third quarter of 2021.

Friday’s filing stated: “The operation of this new company will start with the tender facility that Bloomberry Resorts’ subsidiary Sureste Properties Inc will establish under a lease with the Philippine Ports Authority in the port of Salomague in Cabugao, Ilocos Sur.”

It added: “Another cruise terminal project that this new company will manage in the future is the proposed Solaire Cruise Center and Yacht Harbor.”

The latter would be developed by Sureste Properties and be “adjacent to and linked with Solaire Resort and Casino at the Entertainment City in Paranaque City, subject to regulatory approvals,” said the filing.

The announcement further stated: “The Tourism Infrastructure and Enterprise Zone Authority has recently approved the designation of the proposed Solaire Cruise Center and Yacht Harbor as a Tourism Enterprise Zone, subject to certain conditions.”

According to a November report from the Philippine News Agency, a government media outlet, Tourism Enterprise Zone-designated areas are granted fiscal and non-fiscal incentives such as a six-year income tax holiday, 5 percent gross income taxation, and tax- and duty-free importation of goods and services.


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

    May 18, 2022  

  • Bloomberry 1Q consolidated net revenue up 9pct q-o-q
    Bloomberry 1Q consolidated net revenue...

    May 13, 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
  • Macau GGR tax cut may spur 15pct EBITDA hike: JP MorganMacau GGR tax cut may spur 15pct EBITDA hike: JP Morgan 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
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us