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Apr 27, 2018 @ 17:11

It’s official! Bloomberry acquires Solaire land for P37.33B

 

The Philippine Amusement and Gaming Corp. has awarded two parcels of land where Solaire Resort and Casino stands, to Bloomberry Resorts Corp.

Bloomberry Resorts is the owner and operator of entertainment and gaming hub Solaire.

In a filing with the stock exchange, Bloomberry said its unit Sureste Properties Inc, received today a notice of award from Pagcor, awarding the purchase of a 16-hectare property within the Entertainment City in Manila.

Sureste agreed to pay P37.33 billion for the two parcels of land. The purchase price is P100 million higher than the minimum bid price of P37.23 billion

“Sureste Properties will complete the transaction, sign the deed of absolute sale and pay the balance of the purchase price within 45 days,” Bloomberry said.

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