Casino land bid by Bloomberry subsidiary

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.