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.
