Bloomberry Resorts Corp, says it is on track to open its $1 billion integrated resort and casino in Manila Bay by the first quarter of 2013. Bloomberry’s Solaire Manila will be the first of four resorts to open in Entertainment City, which is being developed on reclaimed land in Manila Bay. The other three integrated resort and casino projects are being undertaken by billionaire Henry Sy’s SM Group, Travellers International Hotel Group, as well as Japanese businessman Kazuo Okada’s Tiger Resorts Leisure and Entertainment Inc.
Entertainment City will be the country’s version of Macau, which is the world’s largest gambling center.
Macau casino operator Melco Crown Entertainment is set to enter the prosperous Philippines market by partnering with local property developer Belle Corp., controlled by the country’s richest man Henry Sy. The deal will see the company develop a $1 billion casino resort at Manila Bay.