Bloomberry seeks nongaming investment options | Inquirer Business

Bloomberry seeks nongaming investment options

By: - Business Features Editor / @philbizwatcher
/ 05:20 AM April 15, 2020

As the COVID-19 pandemic paralyzed its traditional integrated gaming business, tycoon Enrique Razon Jr.-led Bloomberry Resorts Corp. is widening its investment radar to include other nongaming assets that can help drive future growth.

In a disclosure to the Philippine Stock Exchange on Tuesday, the owner and developer of Solaire Resort & Casino along Manila Bay stated its intent to make additional future investments “in the interest of enhancing shareholder value.”

ADVERTISEMENT

“Bloomberry’s future investments will be considered within a broader universe of possible opportunities which include gaming, hospitality and other nongaming assets. The company will consider various opportunities in light of their potential to create additional value for shareholders,” Bloomberry said.

However, it does not have yet any particular investments or acquisitions under imminent consideration.

FEATURED STORIES

Bloomberry is currently constructing Solaire North, which will be its second integrated gaming resort in the Philippines. Solaire North is located in the populous and highly urbanized Quezon City.

The company’s flagship Solaire Resort & Casino has shut down its gaming operations since March 16, in compliance with the Philippine government’s enhanced community quarantine initiative.

Apart from Solaire Resort, Bloomberry owns Jeju Sun Hotel & Casino in Korea.

Read Next
Don't miss out on the latest news and information.

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., COVID-19 pandemic, Enrique Razon Jr.
For feedback, complaints, or inquiries, contact us.

Curated business news

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.



© Copyright 1997-2022 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.