Manila's Bloomberry looks to Singapore to rev up gaming fortunes
Ex-Marina Bay Sands CEO steps in.
According to a report by Reuters, Bloomberry Resorts Corp hopes to recreate the magic of Singapore's Marina Bay Sands with the expansion of its $1.2 billion Solaire casino-resort in Manila, a crucial project if the firm is to reverse its disappointing first-year results.
Reuters noted that Bloomberry's billionaire owner Enrique Razon, the Philippines' fourth-richest person, has managed to grab a bit of the Singapore casino's executive nous in the form of ex-Marina Bay Sands CEO Thomas Arasi.
Read full report here.