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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