Tag Archives: Enrique Razon
- Razon disposes of US$74M stake in Bloomberry Resorts
September 13, 2017
Filipino tycoon Enrique Razon Jr. disposed of more than three percent of his stake in Philippine-listed casino operator Bloomberry Resorts Corp. in a bid to boost the firm’s stock trading liquidity. In a disclosure to the Philippine Stock Exchange on Tuesday, Razon’s Prime Metroline Holdings Inc. sold 350 million shares...
- Bloomberry Resorts’ net loss reaches $72.8M in 2015
April 18, 2016
Philippine-listed Bloomberry Resorts Corp.’s reported net loss for 2015 has reached PHP3.375 billion (US$52.8 million). In a filing to the Philippine Stock Exchange, the casino operator said the net loss—compared with the net profit of PHP4.07 billion from previous year—was due to “interest expenses and additional loan drawdowns made during...
- China VIP decline to affect the Philippine casino industry a misconception says Bloomberry boss
January 20, 2016
Chairman and CEO of Bloomberry Resorts Corporation Enrique Razon believes that the Philippine gaming will still grow even if high-spending Chinese players never return to the gaming tables. In an interview with The Inquirer, Razon reiterated that the country have dodged the worst effects of the corruption crackdown in China...
- Philippine GGR grew in 2015 amid industry slump
January 12, 2016
Despite a sharp decline in the Chinese VIP market, Philippines gross gaming revenue posted double-digit growth in 2015. According to Philippine Amusement and Gaming Corp (PAGCOR) chairman Cristino Naguiat, gross gaming revenue from government and private-operated casinos reached PHP130 billion ($2.75b) in 2015, an increase of 17% from 2014. Philippine...
- Bloomberry’s Jeju casino to suspend operations until December
November 11, 2015
Enrique Razon’s new venture in Korea’s Jeju Island is shutting its doors temporarily. In a disclosure to the Philippine Stock Exchange, Bloomberry Resorts said the island’s gaming regulator CRD suspended the Jeju Sun Hotel and Casino’s gaming operations for one month “as penalty for the acts of its previous casino...
- Bloomberry boss says Philippine casino industry’s problems are nowhere near Macau
October 5, 2015
Despite two quarters of losses, Bloomberry Resorts Chairman and CEO Enrique Razon expects the company’s losses will narrow because its company's gaming revenue is growing. In an interview with Bloomberg, Razon said that even though the whole industry has been painted with the same brush, Philippine casinos are still growing...
Okada Manila eyes Philippine backdoor listing
May 2, 2017