Bloomberry Resorts Corp., the gambling empire controlled by billionaire Enrique Razon Jr., swung to a net loss in the first quarter as slowdown in high-stakes gaming and the absence of prior-year windfall weighed on the bottom line. The operator of Solaire Resort Entertainment City reported a net...
Ignite Power, the energy partnership between billionaire Enrique Razon Jr.’s Primelectric Holdings Inc. and boxing legend Manny Pacquiao’s MP Holdings, clarified on Thursday, April 30, that no formal negotiations are currently underway for a proposed joint venture with South Cotabato II...
Bloomberry Resorts Corp. expects 2026 to remain a difficult year for its flagship Solaire properties as the Philippine gaming industry grapples with sluggish tourism and weakened VIP market. During the firm’s annual stockholders’ meeting, Enrique K. Razon Jr., chairman and chief executive...
The China-led Asian Infrastructure Investment Bank (AIIB) has greenlit a $300-million loan supporting capital expenditures (capex) for the improvement and expansion of three local ports operated by tycoon Enrique K. Razon Jr. ’s International Container Terminal Services Inc. (ICTSI). The latest...
Razon-led Bloomberry Resorts Corp. swung to a net loss of ₱2.6 billion in 2025 as the casino industry grappled with a pullback from high-stakes players and the lingering impact of the crackdown on offshore gaming operators. In a disclosure to the Philippine Stock Exchange on Friday, March 4,...
Razon-led International Container Terminal Services Inc. (ICTSI) is boosting its capital investment by 14 percent this year as it accelerates expansion across its global network from Mexico to the Philippines. In a disclosure to the Philippine Stock Exchange, ICTSI said the company earmarked $740...
Bloomberry Resorts Corp., the gambling empire controlled by billionaire Enrique Razon Jr., finalized its exit from the South Korean casino market after completing a KR₩10 billion (₱400 million) divestment of its Jeju Island gaming operations. In a disclosure to the Philippine Stock Exchange on...
GENERAL SANTOS CITY – Former Sen. Manny Pacquiao and business tycoon Enrique Razon have forged a joint business venture to operate the power distributor serving this city and adjacent provinces of Sarangani and South Cotabato. Pacquiao’s MP Holdings Inc. and Prime Electric Holdings Corp., a...
Enrique M. Aboitiz, chairman of Aboitiz Equity Ventures Inc., was appointed as an independent director to the board of International Container Terminal Services Inc., the port operator led by billionaire Enrique Razon. Aboitiz will join the board on Jan. 1, 2026, to serve the unexpired term of...
Bloomberry Resorts Corp. reported a 95-percent plunge in consolidated net income for the first nine months of the year on the back of ballooning losses in the third quarter as the international high-roller market remains weak while expenses increased for its new online gaming business. In a...
Port operator International Container Terminal Services, Inc. (ICTSI) reported a 19 percent improvement in attributable net income to $751.56 million in the first nine months of the year from the $632.58 million earned in the same period of 2024 as global trade continues to grow despite US tariff...
Ports, gaming, and infrastructure magnate Enrique K. Razon Jr. has found a buyer for his casino in South Korea, Jeju Sun Hotel & Casino, which is owned through an indirect subsidiary of Bloomberry Resorts Corp. In a disclosure to the Philippine Stock Exchange (PSE), Bloomberry said its South...
