RAZON-LED Bloomberry Resorts Corp. is projecting that the opening of its Solaire Resort North in Quezon City next year would strengthen the company’s market position in the country.
“The company looks to solidify its position as the Philippines’ leading integrated resort developer and operator as it opens Solaire Resort North in Quezon City next year,” Bloomberry said in a statement on Thursday.
The company projected that Solaire Resort North is on track for completion by March 2024.
Bloomberry said this as the listed integrated resort developer and operator secured various awards from international financial and gaming media publications in 2023.
Enrique K. Razon, Jr., the company’s chairman and chief executive officer, was cited for the straight second year as the sixth most influential person in the 2023 edition of the Asian Gaming Power 50, which ranks the 50 prominent gaming industry leaders and executives in Asia.
The 2023 ranking of Asian Gaming Power 50 also included Bloomberry President and Chief Operating Officer Thomas Arasi, at 37th place from 38th place a year ago.
Bloomberry also won three awards from FinanceAsia’s best-managed companies poll for 2023. Mr. Razon was also recognized as one of the country’s best CEOs (bronze) and Estella Tuason-Occeña, who is Bloomberry’s executive vice-president, chief financial officer, and treasurer, was recognized in the Best CFO category (silver).
Bloomberry also received the gold medal in the Philippines’ best mid-cap category.
“The winners of this benchmark poll is based on nominations by Asia’s savvy community of investors and financial analysts,” Bloomberry said.
Meanwhile, Bloomberry was also cited as the Casino Operator of the Year for the second year in a row in the 2023 Global Gaming Awards Asia by global gaming media platform Gambling Insider.
“The Global Gaming Awards recognize the strongest performers over the last 12 months under various categories across the Asia-Pacific (APAC) region. The awardees are selected by a panel of 30 senior executives from the APAC gaming industry,” Bloomberry said.
Aside from the planned Solaire Resort North, Bloomberry’s other properties are Solaire Resort Entertainment City in Parañaque City and Jeju Sun Hotel & Casino in Korea.
As of September, Bloomberry recorded a 106% jump in its consolidated net income to P8.3 billion as its consolidated net revenue surged 33% to P36.5 billion.
Shares of Bloomberry at the local bourse fell four centavos or 0.41% to P9.60 apiece on Thursday. — Revin Mikhael D. Ochave
