In a strategic move to broaden its hospitality and gaming empire, Bloomberry Resorts Corp has unveiled plans to develop its third Solaire-branded integrated resort, to be located in the picturesque setting of Paniman, Ternate, in Cavite, just south of Metro Manila. This new venture, named Solaire Puerto Azul, promises to be a significant addition to Bloomberry’s prestigious portfolio.
The company provided these details in a recent filing, responding to speculative media reports that had earlier suggested a possible opening of the new casino by 2028. However, Bloomberry has set a more extended timeline, projecting the opening of Solaire Puerto Azul within a five to ten-year window, ensuring ample time for meticulous planning and execution.
Detailed planning and regulatory steps:
According to Inside Asian Gaming, in its detailed announcement, Bloomberry confirmed that it is in the advanced stages of acquiring the necessary land in Paniman. The development of a master plan is concurrently underway, laying the groundwork for what promises to be another landmark project in the company’s expansion strategy. The filing stated, “Bloomberry is in the process of completing the land acquisition in Paniman, Ternate, Cavite and developing the master plan for this project.”
The commitment to this new project is palpable, with the company eager to replicate the success of its existing properties. While the exact timeline for the completion and opening of the resort remains flexible, Bloomberry is dedicated to turning this vision into a reality within the next decade.
The news of the Cavite resort adds to an already exciting year for Bloomberry, which runs the Solaire Resort & Casino in the heart of Manila. In May, the company celebrated the grand opening of the $1 billion Solaire Resort North in Quezon City. This new addition has already started its VIP operations on floors 36 and 37, a development that was officially commemorated with a launch ceremony on September 8.
These expansions underscore Bloomberry’s robust growth trajectory in the Philippine casino and resort sector, aiming to enhance its offerings and cater to both local and international visitors with unparalleled luxury and entertainment.
Forward-looking statements by leadership:
Further illuminating the company’s future directions, Bloomberry’s chairman and chief executive, Enrique Razon, articulated in April the strategic emphasis on fully scaling the operations at Solaire Resort North. He mentioned that the focus is on maximizing the current properties’ performance before proceeding with new projects, including the second phase of Solaire Resort & Casino in Manila and the Cavite project.
“Once Solaire North is fully ramped up, and both properties are generating the expected cash flow… then we will probably launch the Paniman project,” Mr. Razon noted, as reported by GGRAsia, outlining a calculated approach to expansion based on operational success and financial stability.
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