Tag Archives: ggam
- Bloomberry Resorts loses court fight with Solaire’s former management firm
September 29, 2016
Philippines casino operator Bloomberry Resorts has lost a court fight with the former manager of its Solaire Resort & Casino in Manila. On Thursday, word broke that a Singapore-based arbitration court had ruled that Global Gaming Philippines, a division of Nevada-based Global Gaming Asset Management (GGAM), had been unjustly terminated...
- Singapore arbiter allows GGAM to sell Bloomberry shares, operator’s stock falls
December 14, 2014
Stocks of casino operator Bloomberry Resorts Corp. took a big hit on Thursday after a Singapore arbiter okayed Global Gaming Philippines LLC, the local unit of Las Vegas-based operator Global Gaming Asset Management, to unload its entire 921.18 million Bloomberry shares. Bloomberry’s stock dropped 8.32% from Php12.26 at the close...
- Bloomberry gets 10-day extension of its restraining order against GGAM
February 10, 2014
The tiff between Philippine casino operator Bloomberry Resorts Corp. and former management partner Global Gaming Asset Management is heating up anew after a court order that stopped the latter's selling of the former's shares has been extended by 10 days. The announcement was made by the Philippine Stock Exchnge in...
- PAGCOR 2013 revenue misses target; Bloomberry sues to block GGAM share sale
January 25, 2014
As expected, the most recent annual revenue figures for the Philippine Amusement and Gaming Corporation (PAGCOR) came in below projections. PAGCOR earned P40.52b (US $894.3m) in 2013, good enough to make it the government’s third-highest revenue generator. However, the total was slightly below the P40.88b PAGCOR earned in 2012 and...
- Bloomberry secures stock trade suspension after GGAM dumps shares
January 17, 2014
Philippines-based gaming outfit Bloomberry Resorts has suspended trading in its shares after its former casino management partner abruptly sold off its entire stake in the firm. In September, Bloomberry had a falling out with Global Gaming Asset Management (GGAM), the Cantor Fitzgerald subsidiary Bloomberry had tasked with running the gaming...
- Taiwan proposes 13% gross gaming revenue tax for casinos
April 5, 2013
Taiwanese legislators have reportedly settled on a 13% tax rate on gross gaming revenue for the country's proposed casinos, according to the Commercial Times, a local Chinese-language newspaper. It’s not clear if the proposed rate, which has yet to be formally approved by parliament, would be accompanied by additional sales...
Taiwan has more lottery shops than 7-11 stores
April 4, 2017