Philippine casino operator Bloomberry Resorts Corp has lost its bid to dismiss a $296m penalty for early termination of a supplier contract.

On Monday, Bloomberry informed the Philippine Stock Exchange that the Singapore High Court had issued a decision on January 3 dismissing the company’s petition to vacate the partial award of the arbitration tribunal dated September 20, 2016. That dispute involved Bloomberry’s former relationship with a unit of US-based Global Gaming Asset Management (GGAM).

GGAM had been hired to help deliver a steady stream of VIP gamblers to Bloomberry’s Solaire Resort & Casino, the first integrated resort casino to open in Manila’s Entertainment City gaming zone. But Bloomberry terminated the deal in September 2013, just one year into a five-year pact, based on Bloomberry’s assertion that GGAM had failed to deliver on its promises.

GGAM promptly retaliated by seeking to dump its 8.7% stake in Bloomberry, a move the casino operator sued to prevent. Last September, the Singapore arbitration tribunal sided with GGAM and ordered Bloomberry to pay GGAM total compensation of US$296m, including payment to GGAM for repurchasing its Bloomberry shares.