By James A. Loyola
Bloomberry Resorts Corporation, owner and operator of the Solaire Resort & Casino and Jeju Sun Hotel & Casino, is planning to start construction of its Quezon City integrated resort next year with the aim of opening it by 2022.
“We are also on track to develop our Quezon City property by early 2022, with construction set to begin in mid-2019. This is part of our strategy to capture the base mass segment in the north,” said Bloomberry Chairman Enrique K. Razon Jr.
In an interview after the firm’s annual stockholders’ meeting, Razon said that the new integrated resort will be using the Solaire brand.
He added that it will be a high-rise development since the land area is much smaller than that of its sprawling property in the Entertainment City.
Meanwhile, Razon said Bloomberry is looking forward to a banner year as tourism will continue to play a significant role in the growth of Philippine integrated resorts.
“Apart from the growing tourism industry, other factors added to our accessibility including improved access provided by the NAIAX Skyway, more available flights from China with the current 32 daily flights, and the relaxing of certain visa requirements,” he said.
He noted that, “in Entertainment City, infrastructure and real estate projects are being constructed at a rapid rate, and this should drive increased foot traffic into Solaire,” he noted.
Razon also pointed out that, “growth will likewise be boosted by the rise in middle-class incomes and increasing connectivity across the region.”
Last year, Solaire was the market leader in Entertainment City and it benefited the most from tourism growth.
This, along with improving economic fundamentals, helped Solaire post double digit and all-time high records in VIP volume, mass table drop, EGM coin-in, and non-gaming revenues