Friday, September 22, 2017
Close  
business /

Solaire fires US managers

business /
  • share this

Solaire fires US managers

/ 07:21 AM September 14, 2013

MANILA, Philippines—Solaire Resort, the Philippines’ biggest casino, said Friday it had fired its American managers, alleging breach of contract in a dispute that is now under arbitration.

The management contract of Las Vegas-based Global Gaming Asset Management (GGAM) was terminated “because of the material breach of the management services agreement by GGAM,” Solaire’s parent firm said.

“GGAM has not spent any material time in attending to the management of Solaire and has failed to perform its obligations and deliverables under the management services agreement,” listed Bloomberry Resorts Corp. disclosed to the Philippine Stock Exchange.

ADVERTISEMENT

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Bloomberry Resorts Corp., gambling, Solaire, Solaire Resort
For feedback, complaints, or inquiries, contact us.




© Copyright 1997-2016 INQUIRER.net | All Rights Reserved