Bloomberry Resorts is a step closer to realizing its dream of launching a casino resort in Quezon City in the Philippines. In a filing with the Philippine Stock Exchange (PSE) this past Monday, the company has been extended a loan to fund the Solaire-branded resort, giving Bloomberry around $767 million to fund the construction of the project.

The loan was provided to two Bloomberry subsidiaries, Bloomberry Resorts and Hotels Inc. and Sureste Properties Inc. Both have signed an omnibus loan and security agreement, which have led to a ten-year combined loan facility offered by a total of seven banks.

The funds will be used, in part, to cover the “design, construction, and development of an integrated hotel and gaming resort” for Bloomberry’s project at the Vertis North Complex in Quezon City, a section of Metro Manila.

The construction is expected to begin toward the middle of this year and will cover a 3.7-acre (1.5 hectares) site at Vertis. That site was previously purchased by Bloomberry from the Philippine National Housing Authority in 2015. If able to adhere to the schedule, the casino will open in 2021 or 2022.