Asia
Bloomberry acquires PAGCOR’s sells Solaire casino

The Philippines-based Bloomberry Resorts has won the bid to buy the twin lots where Solaire Resort & Casino stands.
The auction for the 16-hectare lot, owned by the Philippine Amusement and Gaming Corporation (PAGCOR), was finally won by Bloomberry Resorts Corp, for €595.3 million.
The acquisition will be completed by Bloomberry-owned Sureste Properties Inc. (SPI), which accepted the notice of award from PAGCOR, within the next 45 days. SPI submitted the only proposal to acquire the land (after two failed biddings by the Philippine regulator) and offered €1.6 million above the floor price.
SPI will act as a mortgagor, pledger and surety, while Bloomberry Resorts & Hotel Inc. will serve as borrower and mortgagor, as the agreement signed with local banks stipulates.
After failing to draw interest following the launch of an auction for the land in November, PAGCOR tried again with a new auction last January. Only SPI submitted a bid, but due to the casino operator and regulator’s public bidding rules, the sale could not be executed back then.
Source: focusgn.com
-
eSports5 days ago
2025 PUBG MOBILE World Cup Survival Stage set to determine Grand Finalists
-
Asia4 days ago
Uzbekistan Introduces Penalties for Illegal Gambling Operations
-
Africa5 days ago
Rise & Hustle launches tap-to-earn street game platform in Nigeria with real-world rewards
-
Latest News5 days ago
Betano becomes the new title sponsor of the Supertaça Cândido de Oliveira
-
Africa5 days ago
SOFTSWISS Launches First South African Project with Mzansibet
-
Compliance Updates5 days ago
St8 enters the United Kingdom after securing B2B licence
-
Latest News5 days ago
PG Soft launches galactic quest: Galaxy Miner
-
Compliance Updates3 days ago
Pollard Banknote Secures License to Supply Gaming-related Goods and Services In the UAE