Asia

Casino land bid by Bloomberry subsidiary

Published

7 years ago

January 31, 2018

Niji Narayan

Reading Time: < 1 minute

The Bloomberry Resorts subsidiary bids for two parcels of land occupied by the Solaire Resort and Casino.

In a filing released Bloomberry Resorts, disclosed that its subsidiary Sureste Properties Inc. has submitted a bid to acquire two parcels of land occupied by the Solaire Resort and Casino in Manila. The company which is already a lessee of the land is all prepared to purchase it, in accordance with the document introduced on Friday.

Bloomberry affirmed: “A wholly owned subsidiary of Bloomberry Resorts Corp, Sureste Properties Inc., had submitted a bid to purchase the 16 hectares of land today in Entertainment City where Solaire Resort and Casino and its expansion area is located.” Following a failure in November as “no bidder submitted a bid,” according to Bloomberry this is the second auction that the Philippine Amusement and Gaming Corp (Pagcor) has launched. This time it seems the selling of the land will be finalised, although the outcome of the auction has yet to be announced.

Furthermore, if the auction fails again, Bloomberry Resorts said that Sureste Properties also submitted to Pagcor an offer to purchase the land in question by negotiated sale.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.