Hong Kong investment firm Rich Goldman Holdings announced a three-month delay to launch of their new VIP room at Solaire Resort & Casino in the Philippines. The firm remains hopeful of the deal being completed, and have extended the deadline to set up a new VIP room under a joint venture agreement.

The original terms allowed for the joint venture to be terminated if the conditions were not met by July 26. The COVID-19 outbreak in the Philippines, and subsequent shutdown of the gaming industry, have made it difficult for Rich Goldman to get the deal across the line.

Both parties have amicably renegotiated the terms, recognising the extreme conditions and have agreed to extend the deadline date to October 26.

In April, the company had filed that it would form a shared venture to introduce a VIP room with video streaming and live gaming tables at Solaire, operated by Bloomberry Resorts.