Tag Archives: global gaming asset management
- 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...
- 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...
- China visa deal boosts Baha Mar casino prospects; Taiwan seeks Macau investors
December 20, 2013
Global Gaming Asset Management (GGAM) execs are likely popping corks today following the signing of an agreement between the government of China and the Bahamas to allow mutual 30-day access to Chinese and Bahamian passport holders without the need to obtain a visa. Access to China’s vast market of gambling-mad...
- GGAM responds to Bloomberry split
September 19, 2013
Yesterday, we wrote that Bloomberry Resorts, which cut ties with service operator Global Gaming Asset Management last week over what it claimed was sub-standard management, was prepared to run Solaire Casino and Resort all by itself in the wake of GGAM's dismissal. In response to getting relieved of its duties...
- Bloomberry prepared to run Solaire Manila by itself
September 18, 2013
The unexpected split between Bloomberry Resorts and Global Gaming Asset Management LLC, the company the former hired to run operations of the $1.2-billion Solaire Casino and Resort, may have come as a surprise to a lot of people, but those who had intimate knowledge of the relationship apparently weren't as...
Okada Manila eyes Philippine backdoor listing
May 2, 2017