Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesHot NewsMost Read NewsRecomm.Business LeadersCalendar 

Bloomberry to Open Resort-Casino Development on March 16

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/06/2013 | 08:01am CEST
   By Cris Larano 
 

MANILA--Bloomberry Resorts Corp. (BLOOM.PH) Wednesday said it will open on March 16 the first phase of Solaire Manila, its integrated resort and casino development in Entertainment City, the Philippines' answer to the Las Vegas Strip.

It said it has hired about 400 people for the 500-room hotel and casino.

Many of the most modern "gaming equipment and facilities are installed and will be used in Solaire Manila," Bloomberry said in a filing to the stock exchange.

It said it will finish the second phase adding 300 more rooms in 2 years' time. It said it will have spent $1.2 billion on the project once completed.

Bloomberry is one of four licensed to operate casinos in Entertainment City, a 100 hectare development on land reclaimed from Manila Bay.

The other licensees are Tiger Resorts Leisure and Entertainment Inc. of Japanese tycoon Kazuo Okada; a partnership of Belle Corp. (>> Belle Corporation) and Melco Crown Entertainment Ltd. (>> Melco Crown Entertainment Ltd (ADR)); and a joint venture of Genting Hong Kong Ltd. (>> Genting Hong Kong Limited)--an associate of Malaysia-based gaming giant Genting Bhd (3182.KU)--and conglomerate Alliance Global Group Inc. (ALGGY).

State gaming agency Philippine Amusements and Gaming Corp. expects Entertainment City to push annual gaming revenue to as much as $10 billion after developments by the four are completed by 2016, from around $2 billion last year.

Write to Cris Larano at [email protected]

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news
Date Title
05:55p CHESAPEAKE UTILITIES : BALTIMORE FLEET VEHICLES CAN SAVE MONEY, REDUCE EMISSIONS WITH SHARP ENERGY’S NEW AUTOGAS FUELING STATION LOCATED NEAR BWI AIRPORT
05:55p CBS : Meghan lyvers named senior vice president, co-productions and development, cbs studios international
05:55p ECCLESIASTICAL INSURANCE : Are brokers social savvy?
05:55p BANK OF AMERICA : Announces Preliminary Voting Results of 2017 Annual Meeting of Stockholders
05:55p NVIDIA : At GTC, Glimpse the Future of Makers, Intelligent Machines and More
05:55p BANCO CENTRAL DO BRASIL : Monetary Policy and Financial System Credit Operations data released - March 2017
05:55p IBRD INTERNATIONAL BANK FOR RECONSTRUCTION AND D : World Bank Group welcomes the GSMA to Universal Financial Access Initiative
05:55p TRANSCRIPT : World Bank Group Opening Press Conference by President Jim Yong Kim at the 2017 WBG/IMF Spring Meetings
05:55p REMARKS BY WBG SENIOR VICE PRESIDENT MAHMOUD MOHIELDIN AT THE SDG FINANCING LAB EVENT : "How to finance the SDGs?" at the Trusteeship Council, UNHQ
05:55p IBRD INTERNATIONAL BANK FOR RECONSTRUCTION AND D : World Bank Board Approves US$100 million for Large-Scale Solar Parks in India
Latest news
Advertisement
Hot News 
-10.26%European shares edge up, Kering charges to record highs
3.43%ANTHEM : Membership, Operating Revenue Beat Expectations
9.33%FIAT CHRYSLER AUTOMOBILES : profits beat expectations as SUV push pays off
4.01%STANDARD CHARTERED : StanChart first quarter profit doubles to $1 billion as bad loans fall
2.49%Express Scripts Faces Tough Test -- WSJ
Most Read News
03:23a PEUGEOT : revenue rises as product offensive bears fruit
08:15a Credit Suisse seeks capital security with $4 billion cash call
06:16a BANCO SANTANDER S A : Brazil growth helps Banco Santander to beat forecasts
04/25 GOLDMAN SACHS : Trump tax plan will sharply slash corporate tax rates
04:25a Daimler lifts profit forecast as Mercedes' sales accelerate
Most recommended articles
04/21 TWENTY FIRST CENTURY FOX : Government extends period for regulators to report on Sky-Fox merger
11:53aDJSugar Futures Drop to Lowest Point in Nearly a Year
11:51a EXCLUSIVE : VW eyes possible sale of motorbike brand Ducati - sources
11:49a HENLYS : Tullow says promoting CEO to chairman best for company
11:48a RESTAURANT BRANDS INTERNATIONAL : Burger King owner Restaurant Brands' comp-sales miss; shares down