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Bloomberry to open casino on March 16

By Jenniffer B. Austria | Posted on Feb. 07, 2013 at 12:02am |
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Bloomberry Resorts Corp. said Wednesday it will open and start the operations of its $1.2-billion hotel and casino in ParaƱaque City on March 16 this year.
Bloomberry said in a disclosure to the stock exchange Solaire Resorts & Casino would open 500 hotel rooms for the initial phase next month and another 300 hotel rooms after two years.
“The project when Phase 1 and Phase1a are completed would cost approximately $1.2 billion. We are targeting to open for commercial operation on March 16, 2013,” Bloomberry said.
Bloomberry said it hired top former operating officers of world-renown casinos in Las Vegas and other parts of the world and brought home and employed about 400 Filipinos working in gaming and hotels abroad.
“Many of the most modern resort and gaming equipment and facilities are installed and will be used in Solaire Manila,” Bloomberry said.
It said aside from the 500 hotel rooms, the first phase of the Solaire Manila project would include the construction of 18,500 square meters of gaming space and high-end retail establishments.
The initial phase involves the development spa and fitness facility, a 1,800-seat theater and other retail and entertainment establishments, which will cost an additional $250 million.
Bloomberry earlier appointed Global Gaming Asset Management to provide management service for the Solaire Manila project.
GGAM said it was expecting VIPs and high rollers to account for 45 percent of the project’s gaming revenues and the mass market to contribute 55 percent.
The 8.3-hectare Solaire will be the first integrated resort to open in the government-sponsored Entertainment City in ParaƱaque City.

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