Bloomberry Resorts Corp, says it is on track to open its $1 billion integrated resort and casino in Manila Bay by the first quarter of 2013, which will be the company’s first integrated resort in the country.
“We are at 70% now and construction on phase 1 should be completed by December,” said Chairman Enrique Razon.
Bloomberry’s Solaire Manila will be the first of four resorts to open in Entertainment City, which is being developed on reclaimed land in Manila Bay.
The other three integrated resort and casino projects are being undertaken by billionaire Henry Sy’s SM Group, Travellers International Hotel Group, as well as Japanese businessman Kazuo Okada’s Tiger Resorts Leisure and Entertainment Inc.
In 2008, state gaming agency Philippine Amusements and Gaming Corp., or Pagcor, resurrected a plan to develop integrated resorts and casinos on a 100-hectare site on reclaimed land, and named it Entertainment City.
The plan was first disclosed in 2007, but Pagcor shelved it as it awaited a new franchise from Congress.
Earlier this year, Pagcor said it hopes Entertainment City will be the country’s version of Macau, which is the world’s largest gambling center.
Bloomberry declared that they hired Las Vegas-based Global Gaming Asset Management to operate the casino at its resort, but it will develop its own hotel brand in preparation for expansion overseas, but any expansion overseas will only proceed after Solaire Manila is completed.
Global Gaming Asset Management developed projects including The Venetian Las Vegas, The City of Dreams in Macau, and Marina Bay Sands in Singapore.
Source: gaming-awards.com
