Solaire fires US managers

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.

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  • OFW_Investor

    Gaming is a good business! even with a sub par COO , Soliare is profitable.

  • PinasK0ngMahal

    this is good news. tapos palitan ng mga filipino managers.

  • graveh

    wow ha graveh na talaga ang corruption sa rehimen ni simeon at ang gera sa mindanao hindi matapos tapos. inutil kadiri. eeeeeeeeewwwwwwwwwww

  • marcos_hitler_diktador_tuta

    Baka naman kaya tinanggal e dahil hindi maka-kurakot yong mga Pinoy kung andyan sila.

  • Kronos2

    Why do we have to have US managers to manage a casino here in Philippines when there are Filipino managers who can do the job just as well or even better?

    • http://twitter.com/erncastillo ern

      leave that to the investor. If I have a car, you do not tell me who my driver would be.

      • Kronos2

        Best drivers are pinoys and not wimpy foreigners.

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