Bloomberry profit leaps as Solaire grabs bigger share of VIP gambler market
Bloomberry Resorts, operator of Manila's Solaire Resort & Casino, sees Q2 profit rise 37 times the sum earned in the same period last year.
Bloomberry Resorts, operator of Manila's Solaire Resort & Casino, sees Q2 profit rise 37 times the sum earned in the same period last year.
Solaire Resort and Casino teams with Air Asia on new marketing campaign featuring Solaire-branded Airbus 320.
Bloomberry Resorts and Hotels files petition with Philippine Supreme Court seeking to rescind "unlawful and unwarranted" 30% casino tax.
Solaire Resorts & Casino is doing well enough that the company feels confident enough to invest in the resort's first expansion phase.
Solaire's VIP gambling revenue now "close to parity" with mass market gaming after Bloomberry inks deals with 47 junket operators.
Entertainment Gaming Asia reports $1m loss in Q1 due to decline in gaming operations but $4m chip orders from Manila casinos offer hope.
Turning in a profit a year after opening is a great achievement for Bloomberry Resorts, but things get a little more difficult from here.
Solaire Resort & Casino's pre-operating expenses doubles Bloomberry Resorts' annual loss, but Enrique Razon Jr. predicts profit in 2014.
The effects of these privately-owned casinos are already being felt by Pagcor, as shown by its earnings in the first nine months of 2013.
Thomas Arasi takes the helm as COO and president of an upstart resort and casino in a country that has a burgeoning gambling industry.