The Philippines casino sector is in a holding pattern right now. The country continues to implement strict quarantine rules as it leads South East Asia in COVID-19 infections, and a shutdown of the casinos is a part of that. Two casino operators have recently announced their own intentions of what to do next as they wait for when the curve eventually flattens.
Bloomberry Resorts, operator of Solaire Resort and Casino in the Entertainment City district, announced in a filing to the Philippines Stock Exchange that it would “make additional future investments in the interest of enhancing shareholder value.”
It will do so by taking a broader approach to its investment portfolio. It wrote: “Bloomberry’s future investments will be considered within a broader universe of possible opportunities which include gaming, hospitality, and other non-gaming assets.”
While noting that it’s continuing construction on Solaire North in Quezon City, it doesn’t have any immediate upcoming investments to announce otherwise.