Bloomberry Resorts writing off 2020 as casino closure extended

Philippines-based casino operator Bloomberry Resorts is ready to write off 2020 as the government extends the COVID-19 pandemic lockdown.

This week, Bloomberry boss Enrique Razon told Bloomberg TV that he’s far less concerned with the current state of his business than he is with limiting further spread of the COVID-19 coronavirus. Razon (pictured), whose interests also include major shipping terminals around the globe, said “the concerns of businesses are secondary at this point.”

All Philippine casinos, including Bloomberry’s Solaire Resort & Casino in Manila’s Entertainment City gaming zone, have been closed since March 15 following the government’s declaration of a public health emergency. On Tuesday, the government extended that shutdown on the main island of Luzon until the end of April, after which the government will reassess the situation.

Even assuming the infection rate slows to the point where the shutdown can be lifted, Razon warned that restarting the economy – including the gaming industry – “is going to be very tricky, a lot of people are underestimating what this is really going to take.”