MORE: Bloomberry Says It Supports Government Vs Money Laundering
(Bloomberg) -- Bloomberry Resorts is committed to do its share in protecting national interest and international reputation of Philippine financial system, Chairman Enrique Razon says in annual report distributed to shareholders in Manila.
- “We remain stringent with our financial and security processes even as we continue to be vigilant and perceiving of transactions in our gaming operation,” Razon says
- NOTE: Razon in April said he favors inclusion of casinos in anti-money laundering law Link
- NOTE: Anti-Money Laundering Council seeks to include casinos in coverage after portion of $81m stolen from Bangladesh’s foreign reserves ended up in Manila casinos, Bloomberry’s Solaire included Link
- Solaire to open more retail shops this year; tenants will be mix of Filipino, and other Asian brands, Bloomberry President Thomas Arasi says in annual report
- Solaire has ramped up gaming business with new VIP gaming areas in Sky Tower, more electronic gaming machines and varieties of table games
- Solaire has >100 junket relationships end-2015; gaming revenue mix “well balanced,” with VIP accounting for 49% of gross gaming revenue, while mass tables and electronic gaming machines accounted for 26% and 25% end-2015
- Solaire’s foot traffic avg >13,000 daily; traffic increased 6% in 2015
Alert:
HALISTER1Source: BFW (Bloomberg First Word)
Tickers BLOOM PM (Bloomberry Resorts Corp)
People Enrique Razon (Bloomberry Resorts Corp)
Thomas Arasi (Bloomberry Resorts Corp)
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