In the Philippines and casino operator Bloomberry Resorts Corporation has reportedly announced that it is planning to bring a new gambling-friendly resort to a 691-acre plot of land located some 37 miles south of Manila.
According to a report from Inside Asian Gaming, the Manila-listed operator behind the Asian nation’s 800-room Solaire Resort and Casino used an official Wednesday filing (pdf) to detail that it had spent approximately $144 million via its newly-established Solaire Entertainment Property Holdings Incorporated subsidiary so as to purchase the rural site for the as yet unnamed property. The source explained that the vendors of this undeveloped land had included Boulevard Holdings Incorporated and Puerto Azul Land Incorporated as well as Monte Sol Development Corporation and Ternate Development Corporation.
Bloomberry Resorts Corporation reportedly stated that the coming project is to bring ‘a world-class casino, hotel, golf course, commercial, residential and mixed-use development’ to the seaside Paniman district of western Cavite Province. The operator also purportedly declared that its Solaire Entertainment Property Holdings Incorporated arm will now be charged with clearing the land although construction is not scheduled to start until the end of next year following the opening of its Solaire North venue adjacent to Quezon City’s existing Ayala Malls Vertis North retail complex.
The area that Bloomberry Resorts Corporation has chosen for its next casino development is situated along the southern shores of Manila Bay and already hosts numerous non-gambling resort properties including the Puerto Azul Resort and the Caylabne Bay Resort. The region is moreover home to around 25,000 people and has long been a popular destination for foreign tourists as it sits only about a 90-minute drive from Manila International Airport.
In the meantime and the Manila Bulletin newspaper used a report to disclose that work on the coming Solaire North development is continuing at pace and is expected to be completed sometime before the conclusion of 2023. It cited the Chairman for Bloomberry Resorts Corporation, Enrique Razon, as describing the fresh facility as ‘an upscale mass-focused offering’ that will help to ‘profoundly expand’ his company’s ‘gaming footprint’ so as to be able to take advantage of ‘what we anticipate to be a burgeoning post-pandemic domestic mass and regional premium mass demand.’
All of this reportedly comes only about a week after Bloomberry Resorts Corporation pronounced that it is to invest an undisclosed amount of cash into the local firm building the $600 million Emerald Bay Resort and Casino, PH Resorts Group Holdings Incorporated. This coming facility for the central Filipino island of Mactan is purportedly expected to debut before the end of next summer complete with 270 hotel rooms in addition to a 44,700 sq ft casino offering a selection of some 600 slots and 122 gaming tables authorized under a seven-year exclusivity deal.