Bloomberry Secures Loan for Quezon IR

Sun, Feb 24, 2019

Philippine casino operator Bloomberry Resorts has announced that it has obtained a 10-year, PHP40 billion (US$767 million) loan to finance the construction of its planned integrated resort in Quezon City.

New IR will share Solaire name

Philippine casino operator Bloomberry Resorts has announced that it has secured PHP40 billion (US$767 million) in loans to finance the development of its planned integrated resort in Quezon City.

According to Asia Gaming Brief, in a filing to the Philippine Stock Exchange the company said Sureste Properties and Bloomberry Resorts and Hotels signed the 10-year deal with a consortium of local lenders.

Bloomberry operates the Solaire Resort & Casino in Manila’s Entertainment City. The new IR will also operate under the Solaire brand and will primarily serve mass-market patrons in Manila’s most populous municipality, AGB reported. Construction is set to begin in mid-2019 with the resort expected to open in 2022.

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