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Bloomberry still finalizing cost plan for Solaire North

Newsdesk by Newsdesk
Mon 15 Apr 2019 at 18:08
Bloomberry to break ground on “second Solaire” in mid-2019: Razon

Quezon City

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Philippines casino operator Bloomberry Resorts Corp says it is hoping to complete the cost plan for Quezon City integrated resort Solaire North by mid-May, but a proposed June groundbreaking remains subject to the granting of all regulatory approvals.

The update, filed on Monday, follows comments by Chairman and CEO Enrique Razon Jr last week stating the company was on track break ground before 3Q19.

Aside from the need to complete the cost plan for the project, which it is “currently working on”, Bloomberry added that “the ground breaking and construction of Solaire North are subject to the securing of relevant permits before any construction can begin.

“The company, through its subsidiaries Bloomberry Resorts and Hotels, Inc. (BRHI) and Sureste Properties Inc (SPI), will proceed with the project once such permits have been secured.”

Bloomberry said it was also awaiting the relevant regulatory approvals to begin construction of a US$308 million cruise ship port near its original Solaire Resort & Casino in Parañaque City. Phase 1 of the port, which Bloomberry hopes to have operational by 2021, will take 18 to 24 months to complete from the start of construction, the company said.

 

 

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The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

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