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Philippines – Bloomberry granted loan to build Solaire Quezon City

The Philippines-based Bloomberry has had a ten year loan approved for $767m to pay for the build of its Solaire-branded casino resort in Quezon City.

Zajam je odobren dvjema podružnicama Bloomberryja: Sureste Properties Inc. i Bloomberry Resorts and Hotels. Financirat će 'dizajn, izgradnju i razvoj integriranog hotela i odmarališta za igre na sreću' u kompleksu Vertis North u Quezon Cityju, Metro Manila.

Cilj je započeti s izgradnjom ove godine i otvoriti casino 2021. ili 2022. godine.

Bloomberry Chairman and CEO Enrique Razon said: “This is part of our strategy to capture the base mass segment in the north. It’s a smaller property so it will be high rise. The gaming space will probably be the same, but not the same layout.”

“We foresee that tourism will continue to play a significant role in the growth of Philippine integrated resorts. Growth will likewise be boosted by the rise in middle-class incomes and increasing connectivity across the region,” Mr. Razon added. “In Entertainment City, infrastructure and real estate projects are being constructed at a rapid rate, and this should drive increased foot traffic into Solaire.”