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Old June 19th, 2012, 05:16 PM   #101
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Bloomberry to open entertainment complex in 1st quarter of 2013

By: Doris C. Dumlao | Philippine Daily Inquirer | Monday, June 18th, 2012 | 11:02 pm

MANILA, Philippines—The Bloomberry Resorts Corp. is on track to open its integrated gaming and entertainment complex Solaire Manila by the first quarter of 2013, becoming the first gaming operator to debut in Pagcor City.

Bloomberry president and chief operating officer Michael French told reporters at the sidelines of Monday’s forum organized by The Asset Magazine and the Financial Executives of the Philippines that Solaire Manila would open full blast. In terms of construction, French described the project as “a little over 80 percent” completed.

“We intend to be a major destination in Manila,” French said.

“We think that the gaming market is quite good in Manila. Supply builds demand instead of demand building supply,” he said.

Like in the case of Macau where he was based before moving to the Philippines to head Bloomberry, French said the more players in the market, the better it would be for the whole gaming industry.

“A good example is to look at the success of the Resorts World (in Newport City). It has not taken away revenues from existing Pagcor casinos,” he said.

Asked about a bill in Congress proposing to increase casino taxes and impose a P1,000 entrance fee, French said the proposed law would cover only the existing state-owned casinos operated by Pagcor. “To my understanding, it doesn’t affect Solaire,” he said.

In line with requirements, Bloomberry will complete the building of 700 hotel rooms in time for the opening of its casino. The hotel will be under the group’s own brand Solaire, which will offer bigger guest rooms that will be around 43.5 square meters and catering to the high-end market, according to French.

Bloomberry has been keen on expanding its hotel operations beyond the minimum requirement, French said, noting that the group had started the foundation work for expansion. One year after the opening of the gaming complex, he said, Solaire Manila would offer 300 more guest rooms and some retail space.

The gaming firm recently completed a $210-million fund-raising from the place-out of shares to new investors, and will use the proceeds to develop the first phase of its complex in Pagcor City.

Source: http://business.inquirer.net/65835/b...uarter-of-2013
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Old June 20th, 2012, 10:39 PM   #102
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Bloomberry to add hotel in gaming tourism complex

by Albert Castro | Malaya | Wednesday | 20 June 2012

Bloomberry Resorts Corp. will add a 300-room hotel in the Solaire Resort and Casino project at the gaming and tourism complex, Pagcor Entertainment |City.

The hotel will open in 2014, a year after the scheduled opening of the gaming complex.

Michael French, Bloomberry chief operating officer, said the first phase of Solaire will open in the first quarter of next year. The first phase of development will have a 700 room-hotel, three levels of podium that will host ballroom/convention facilities, gaming areas, restaurants, retail shops, and health and wellness facilities.

Investment for the first phase of the development is estimated at $650 million. Bloomberry expects its total investment in the area to reach $1.2 billion.

French said construction is on track with “a little over 80 percent” completed.

“Our Solaire guest room will be the biggest in Manila, about 43.5 sqm, and larger than any hotel room. It will be a luxury hotel operation, with the standards of Peninsula and Shangri-La,” said French.

“We think the gaming market is quite good in Manila. In gaming, supply builds demand. So we have found in every market that the more casino products introduced, the more business grows. We are bullish and positive in the local market and international market, which is virtually intact with Manila. We will do more marketing to bring in high roller gamers from overseas,” he said.

The Entertainment City Manila is a multibillion-dollar project of PAGCOR, covering 120 hectares of prime reclaimed land at the western portion of the Manila Bay in Parañaque City. It is also a special economic zone.

The Philippine government’s tourism blueprint, the National Tourism Development Plan, seeks to achieve 10 million tourist arrivals by 2016. Entertainment City’s 3,200 hotel rooms, which will have an annual capacity of one million tourists, will be among the key drivers to achieve the target.

Aside from tourist arrivals, Entertainment City is expected to generate over 20,000 jobs.

The Philippines is high on the radar screen of the global leisure and entertainment industry, Bloomberry noted.

Citigroup has tagged the Philippines as the “market to watch,” reporting that upon the completion of the integrated resorts at the Entertainment City, the total revenue that can be derived from gaming activities would most likely approximate the earnings capacity of Singapore’s integrated resorts.

Bloomberry’s complex is expected to generate over 4,600 jobs as well as boost the country’s ancillary service sectors.

Source: http://www.malaya.com.ph/index.php/b...ourism-complex
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Old June 21st, 2012, 02:38 AM   #103
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wow. 700 pala yung first hotel tower at my addition pa na 300. 1000 rooms pala lahat. maganda yung hotel at sana maganda rin yung salary for their workers.
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Old June 29th, 2012, 03:11 PM   #104
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Do solaire have attraction for kids? San a Hindi Lang for adults. Kids can enjoy also
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Old June 30th, 2012, 03:37 AM   #105
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Manila resort needs Cebu workers

by Katlene O. Cacho | Sun.Star Cebu | Friday | June 29, 2012

A NEW resort and gaming complex in Pagcor’s Entertainment City in Manila is inviting Cebuano workers as it becomes operational early next year.

Opening in 2013, the Phase 1 development of Solaire Resort & Casino (Solaire Manila) is expected to hire 4,600 full-time employees.

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Top company officials were in Cebu yesterday to kick-off the two-day recruitment caravan at the Radisson Blu Hotel Cebu.

“The Cebuanos’ talent, competency and positive work ethic make Cebu an obvious choice,” the company said.

Some 313 positions for gaming and hotel operations are available, including entry-level positions for fresh graduates.

“We will find the best staff here to give life to our project in Manila,” Solaire Manila chief operating officer Michael French said during the press conference.

Skilled workers

He is optimistic the company will hire the needed workers, saying the country is home to “hardworking, highly-skilled and competent people.”

Solaire Manila is a $1 billion integrated destination resort being developed by Bloomberry Resorts Corp., a property company led by ports magnate Enrique Razon.

Razon, , whom Forbes listed as third richest man in the Philippines, is chairman and chief executive officer of the publicly-listed company International Container Terminal Services, Inc. (ICTSI).

Gaming experience

The Phase 1 development of Solaire Manila covers the 8.3 hectare site adjacent to the Manila Bay. Upon completion, this will be the first integrated resort to open in Pagcor’s Entertainment City.

Officials said Solaire Manila “will provide a first-class gaming experience to customers” from all demographics. The resort will have 500 rooms, suites and bayside villas; an 18,500 square-meter gaming space; 300 gaming tables; 1,200 slot machines; a number of restaurants, cafes, bars and lounges and a multi-level car park.

Those hired will go through four months of training. The company will also conduct recruitment caravans to places like Baguio and Manila and even abroad such as in Macau.

“One of the goals of this project is to generate employment among Filipinos. We intend to bring back the talents who have gone abroad and give them career opportunities here,” said Renato Gonzales, Solaire Manila’s vice-president for human resource and administration.

Gonzales said they received 18,000 job applications. He said, however, that they are having hard time looking for qualified talents because of job mismatch.

“Of the 18,000 applicants only 6,000 are qualified,” he said. Gonzales noted that the Department of Labor and Employment (Dole) needs to work out programs that would address the mismatch between available human resources and the kinds of jobs required by industries.

To fill the gap, Solaire Manila will train applicants who have been hired.

“Apart from competency, we are putting premium on behavior and attitude aspects,” Gonzales said.

The upcoming Phase 2 and 3 development of the project is expected to generate 6,000 to 8,000 jobs.

Solaire Manila currently has a hundred employees.


Source: http://www.sunstar.com.ph/cebu/busin...workers-229382
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Old June 30th, 2012, 03:44 AM   #106
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Bloombery’s Solaire Manila Nearing Completion

by Jenny McKinnley | OnlineCasinoArchives | Friday | June 29, 2012

During the company’s annual stockholders’ meeting earlier this week the Chairman of Bloomberry Resorts, Enrique Razon, said that its first integrated resort and casino in Manila Bay, the Solaire Manila, should be open by the first quarter of 2013.

With over 18,000 square metres of gaming floor the Solaire Manila is expected to be opened early next year.

Razon said that 70% of the Phase 1 construction is now complete and the rest should be finished by December. According to Razon the casino at the new resort will be operated by Las Vegas based Global Baming Asset Management. At the same time Bloomberry will be developing its own hotel brand in order to prepare for overseas expansion.

The first phase of the Solaire Manila complex has a gaming floor area of 18,500 square metres which includes a 6,000 square metres of exclusive VIP gaming rooms, 1,200 slot machines and 300 gaming tables. The complex will also include 500 hotel rooms, suites and bayside villas as well as a number of restaurants and bars. There will also be a 1,000 seat ballroom, a spa and fitness centre and a bay-view promenade.

Once Phase 1 is complete Razon has said that Solaire will add a further 300 luxury suites to the hotel, after this work will begin on Phase 2 which also includes developing a 1,000 room tower club.

Also during the meeting Razon said that the company is now looking for more local and overseas expansion opportunities for the gaming-hotel business. The company is planning on developing the brand ‘Solaire’ as a “class of its own.” Razon told reporters that it could be a home-grown Filipino brand that is then brought to other locations.

However, Razon insisted that Solaire must be running before any expansion takes place. He said that in order to move to other areas it is essential to have one brand, “a home-grown Filipino brand like ICTSI.”

Source: http://www.onlinecasinoarchives.com/...ng-completion/
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Old June 30th, 2012, 03:53 AM   #107
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Philippines gaming boom: cash in early

by Roel Landingin | Friday | June 29, 2012 | 8:20 am

The four big casino complexes rising along the scenic Manila Bay in the Philippines haven’t opened their doors yet, four years after the government awarded the exclusive licenses as part of the country’s ambitious plan to cash in on Asia’s gambling and tourism boom.

But that has not stopped Enrique Razon Jr, the 52-year old chief executive of the country’s biggest port operator, from almost doubling his net worth in just a matter of months after a public offering of shares in his Bloomberry Resorts and Hotels, a holder of one of the lucrative, limited-edition permits.

Forbes magazine, which just released its 2012 list of the world’s richest people, describes Razon as the Philippines’ biggest gainer this year, and ranks him the country’s third-richest person, worth $3.6bn. He joined the country’s highly exclusive club of dollar billionaires just last year with $1.6bn. “Much of the $2bn jump in his wealth this year is from his stake in Bloomberry Resorts, which had a public offering in May,” according to Forbes.

Until March this year, Forbes estimated Razon’s wealth at $1.9bn, an increase in just $300m from June last year. But the public offering in May, which valued Bloomberry at around $1.9bn, boosted his estimated wealth to $3.6bn in just two months. The country’s richest man, retail and property magnate Henry Sy, worth $9.1bn, increased his wealth by similar amount: $1.9bn, according to Forbes.

To be sure, all of these are just paper gains, not cash. Still, Razon’s amazing jump in net worth reflects the current bullishness among Filipino investors for the casino boom that is expected to boost the country’s tourism and gaming revenues. The head of the state gaming monopoly that issues casino licenses, Pagcor, has predicted the country’s gaming revenue will surge from just $2bn last year to $10bn by 2016 when the four new casino resorts start full operations. That compares to Singapore’s $6-7bn last year, according to Pagcor.

Before getting the casino license in 2009, Razon spent close to two decades building his family’s port operations business, International Container Terminal Services, into the country’s biggest, expanding in Asia, Latin America, Europe and the Middle East. He also ventured into the energy business, acquiring stakes in the national transmission company and an oil-and-gas exploration venture. These businesses, which help provide the infrastructure backbone for sustained economic growth, are doing quite well – but it took Razon four years to double his net worth, from $820m in 2007 to $1.6bn by 2011, according to Forbes’ estimates.

That increase might seem good, except when compared to the doubling in his net worth in double quick time after the Bloomberry deal. It makes you wonder if Filipino investors are now keener on the business of gaming rather than trading, logistics or manufacturing.

Source: http://blogs.ft.com/beyond-brics/201...hing-in-early/
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Old July 2nd, 2012, 04:43 AM   #108
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updated photos from Aseana City FACEBOOK account --> http://www.facebook.com/aseanacity

Solaire Manila Casino




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Old July 2nd, 2012, 05:57 AM   #109
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Wow massive!!! but some of the sides abit to much concrete.
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Old July 2nd, 2012, 12:11 PM   #110
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That picture is old. Cladding on Solaire had reached the top part of the glassy tower already, and the top of the building on the foreground already has white paint.
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Old July 2nd, 2012, 04:02 PM   #111
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yeah . I wish they make the huge 10 storeys parking building more appealing just like the MOA Arena Parking building. The hotel tower turned out very nice , much better than Belle Grande.

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Wow massive!!! but some of the sides abit to much concrete.
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Old July 8th, 2012, 11:07 AM   #112
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http://www.solairemanila.com/
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Old July 8th, 2012, 11:23 AM   #113
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Hey this looks awesome. Impressive architecture and great color choices.

























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Old July 8th, 2012, 11:28 AM   #114
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Lakas maka VEGAS nitong isang 'to ha.
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Old July 8th, 2012, 02:00 PM   #115
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wooow . Beauuutiful and very classy !
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Old July 8th, 2012, 02:07 PM   #116
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grbe ang solaire. kayang talunin yung mga vegas and macau casinos.
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Old July 8th, 2012, 03:38 PM   #117
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Walang rendering sa gabi?
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Old July 8th, 2012, 03:44 PM   #118
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Very impressive! I hope they produce an equally-magnificent logo for their branding as well. The script logo in the render looks like it was lifted off an 80's casino
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Old July 8th, 2012, 05:19 PM   #119
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I agree, the Solaire logo now gives that retro feel.
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Old July 9th, 2012, 05:54 AM   #120
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Grand. Elegant. Wow!

I'm impressed...
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