The Philippines will become home to a brand-new, fully integrated casino resort which is planned by the boss of the Bloomberry Resorts Corporation firm. The Bloomberry Resorts Corporation firm is a holding company headquartered in the Philippines since 1999 when the company was founded. The firm is engaged across different industries in the country including hotel and tourist facilities, as well as gaming and amusement facilities.
Since its establishment, Bloomberry Resorts Corporation was led by Enrique Razon. Formerly known as Active Alliance Incorporated, Bloomberry Resorts Corporation appeared on the Philippine Stock Exchange back in 2000. Today, the company operates its iconic Solaire Resort and Casino as well as its flagship Jeju Sun Hotel and Casino located in Jeju Island.
When it comes to its latest business plans revolving around its Quezon City casino resort, the company has already secured loads for the first stage of the project. The venue was set to open in 2022, but the opening date is postponed due to the ongoing coronavirus pandemic.
Solaire North Facility in Quezon City
The Bloomberry Resorts Corporation firm released its plans to open a fully integrated Quezon City casino resort a long time ago. According to several reports by local news outlets including GGRAsia, the first man of the company Enrique Razon who serves as Bloomberry Resorts Corporation’s CEO and Chairman used one of the latest shareholders meetings to reveal that the firm’s Solaire North venue in Quezon city will not start welcoming its first guests until early months of 2023.
The initial plan was to open in 2020, but the opening date was postponed due to the ongoing coronavirus pandemic. As previously mentioned, Bloomberry Resorts Corporation already owns and manages the iconic Solaire Resort and Casino located in the metropolitan area of Manilla. While the venue’s Quezon City counterpart was planned to open by the start of 2022, the construction of the venue has been seriously delayed.
According to several news outlets, Enrique Razon told to all company’s investors that work on the venue within Quezon City’s Ayala Malls Vertis North under-construction facility had been delayed primarily due to coronavirus pandemic-related quarantine protocols, counter-measures and others which were set in motion by the country’s government to prevent the outbreak of highly contagious coronavirus strain.
Solaire Resorts and Casino in Manilla Shuttered for Over Three Months
The company’s flagship Solaire Resort and Casino facility in Manilla has been temporarily shut down since the 15th of March as part of measures and protocols set by the government to curb the potential spread of a contagious coronavirus strain which so far has claimed the lives of over 1,170 locals. The closure of the Solaire Resort and Casino facility is set to remain in place at least until the end of this month.
Commenting on this, Bloomberry Resorts Corporation’s Chief Executive Officer and Chairman Enrique Razon said that his company had taken all necessary measures as well as invested heavily to make sure that Solaire Resort and Casino remains as safe as possible once it finally starts welcoming guests after three months of being closed.
He also added that Solaire Resort and Casino once re-opened will probably feature fewer gaming tables and slot machines so that customers can practice social distancing and other safety protocols. Either way, the coronavirus-induced closure of Solaire Resort and Casino is the main reason behind a massive 37.7% drop in the company’s net income for the first quarter of 2020. Consequently, the company’s associated gross gaming revenues have also tumbled by 12.4% to hit just around $186.7 million.
