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Bloomberry confirms land acquisition in Cavite for new casino project

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<p>MANILA (UPDATE) -- Solaire operator <span id="isPasted" style="color:rgb(0, 0, 0);letter-spacing:normal;orphans:2;text-align:start;text-indent:0px;text-transform:none;widows:2;word-spacing:0px;-webkit-text-stroke-width:0px;white-space:normal;text-decoration-thickness:initial;text-decoration-style:initial;text-decoration-color:initial;display:inline !important;float:none">Bloomberry Resorts Corporation confirmed that it is looking to build a new resort and casino in Ternate, Cavite.</span></p><p>In a disclosure to the stock exchange on Wednesday <span id="isPasted"><span id="isPasted" style="color:rgb(51, 51, 51);letter-spacing:normal;orphans:2;text-align:start;text-indent:0px;text-transform:none;widows:2;word-spacing:0px;-webkit-text-stroke-width:0px;white-space:pre-line;background-color:rgb(255, 255, 255);text-decoration-thickness:initial;text-decoration-style:initial;text-decoration-color:initial;display:inline !important;float:none">the company said it is in the process of completing the land acquisition in Paniman, Ternate, Cavite and developing the masterplan for the project. </span></span></p><div><span><span style="color:rgb(51, 51, 51);letter-spacing:normal;orphans:2;text-align:start;text-indent:0px;text-transform:none;widows:2;word-spacing:0px;-webkit-text-stroke-width:0px;white-space:pre-line;background-color:rgb(255, 255, 255);text-decoration-thickness:initial;text-decoration-style:initial;text-decoration-color:initial;display:inline !important;float:none">&quot;While the timeline has not been finalized, the Paniman development is definitely a project that the company is keen to develop and open in the next five to ten years.,&quot; Bloomberry disclosed.</span></span></div><div><span>The Enrique Razon-led </span><span>was clarifying a report that said Razon is expected to open a new casino in Cavite in 2028.</span></div><div><span>In an earlier disclosure in 2022, the company said that it was buying 2.8 million square meters of land in the Paniman area to develop this into an integrated resort and entertainment complex with a casino, hotel, golf course, commercial, residential and mixed-use development. </span></div><div><span>At present, there are two Solaire casinos in the Philippines: one in </span><a href="https://news.abs-cbn.com/lifestyle/2024/3/8/west-end-musical-six-is-coming-to-manila-1110" target="_blank" rel="noopener noreferrer"></a><span><a href="https://news.abs-cbn.com/lifestyle/2024/3/8/west-end-musical-six-is-coming-to-manila-1110" rel="noopener noreferrer" target="_blank">Paranaque</a></span><span> and another in </span><a href="https://news.abs-cbn.com/business/2024/5/25/marcos-jr-expects-boost-in-jobs-tax-revenue-from-new-casino-resort-in-qc-2010" target="_blank" rel="noopener noreferrer"></a><span><a href="https://news.abs-cbn.com/business/2024/5/25/marcos-jr-expects-boost-in-jobs-tax-revenue-from-new-casino-resort-in-qc-2010" rel="noopener noreferrer" target="_blank">Quezon City</a></span><span>.</span></div><div><span><a href="https://news.abs-cbn.com/business/2024/3/4/solaire-operator-net-income-up-85-pct-in-2023-1529" rel="noopener noreferrer" target="_blank">Solaire operator net income up 85 pct in 2023</a></span></div><div><span><span class="fr-video fr-deletable fr-fvc fr-dvb fr-draggable" contenteditable="false" draggable="true"><iframe width="640" height="360" src="https://www.youtube.com/embed/lvIw6D7KFP0?autoplay=1&amp;wmode=opaque&amp;rel=0" frameBorder="0" allowfullscreen="" class="fr-draggable"></iframe></span></span><br/></div>

<p>Solaire operator Bloomberry Resorts Corporation confirmed that it is buying land in Ternate, Cavite for a new casino.</p>

Solaire operator Bloomberry Resorts Corporation confirmed that it is buying land in Ternate, Cavite for a new casino.

Bloomberry says acquiring land in Cavite for planned casino

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Bloomberry says acquiring land in Cavite for planned casino

ABS-CBN News

Published September 11, 2024 04:50 PM PHT

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Updated September 11, 2024 10:36 PM PHT

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