A Singapore-based arbitration court has ordered the Bloomberry group to pay $296 million to Las Vegas-based Global Gaming Philippines LLC (GGAM)/ The amount was for arbitral award in the case filed by GGAM which claimed that it had been unjustly booted out of the management of Solaire Resorts & Casino in 2013. Bloomberry, however, said it believed the final remedies award was “fund...
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MASS housing developer 8990 Holdings, Inc. expects to generate P3 billion in recurring revenue from its venture into the luxury hotel business. In a statement issued Wednesday, the listed property developer said it has 10 new hotels and resorts in the pipeline until 2023. The projects will be undertaken by its newest subsidiary, 8990 Leisure and Resorts. The newly formed unit’s first d...
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HOTELS and resorts that will be participating in the Cebu Provincial Government’s tourism program Suroy-Suroy sa Sugbo will soon have their hospitality and accommodation services boosted to international quality standards. The Province has partnered with Oyo Technology and Hospitality, the world’s second largest hotel franchising chain, to help train personnel and improve amenities...
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CEBU Landmasters Inc. will acquire the Abaca Resort Mactan property. The developer announced it will expand the 4,328-square meter luxury resort, located in the Punta Engano area of Mactan Island, to 100 rooms from the current nine, set to be completed by 2023. The listed firm also signed a hotel management agreement with The Abaca Group, owner of the resort and a chain of top-end Cebu resta...
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