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Bloomberry to build second casino resort

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Bloomberry Resorts Corporation, a gaming and hospitality company based in the Philippines, is going to build a second integrated resort in the Metro Manila region. The move is part of the strategy to gain from the Philippines’ fast-growing tourism industry and growing mass segment in the north.

Enrique K. Razon, Chairman and CEO of Bloomberry, confirmed that news of the construction on their new property, after the annual general meeting on Tuesday. The construction of the resort is likely to begin by mid-2019 and to be completed by 2022.

The resort will be constructed on a portion of land in Quezon City, a city located northeast of the capital Manila where Bloomberry’s core operation – Solaire Resort & Casino – is based. Mr. Razon said Tuesday that they will expand the Solaire brand with their new property in Quezon City.

The businessman further pointed out that they are yet to estimate the project’s budget, and that a master plan is in the works and is expected to be presented by January 2019.

The planned hotel and casino resort will be constructed on a 1.5-hectare site within the 45-hectare Vertis North mega-project. Bloomberry bought that portion of land from the Philippine National Housing Authority for nearly PHP2 billion back in 2015.

Mr. Razon said they are planning to build a high-rise property as the land they own in Quezon City does not allow for a sprawling resort.

Bloomberry’s Quezon City operation will look to cater to the growing mass market in the north, the company’s top official pointed out Tuesday. Mr. Razon went on to say that they believe 2018 would be a banner year for the Philippines’ integrated resort industry and tourism’s role in the development of that industry will be keep growing.

According to the businessman, the rise in middle-class income and the constantly improving connectivity across the region would, too, play a significant role in the future development of the casino resort segment. As mentioned above, Bloomberry’s new Solaire resort would look to tap namely the mass market segment in the northern part of the country.

The gaming and hospitality company also believes that it would further benefit from the rising number of daily flights from China, there are 32 of them currently, and from the multiple visa relaxations rolled out over the past several years. China’s middle class is expected to become an important driver of growth within the casino gambling and integrated resort sector in the next few years, and more and more countries in the Asia-Pacific region, the Philippines included, have been looking to develop properties that would appeal to that particular demographic.

In a separate announcement from earlier this week, Bloomberry announced that it has completed the purchase of the portion of land where its Solaire Casino & Resort is located. The company paid the amount of PHP37.33 billion (approximately $710.3 million) to the Philippine Amusement and Gaming Corporation to assume ownership of the site. Solaire was the first integrated resort to open doors in Entertainment City, a multi-billion scheme initiated by the Philippine government for the construction of four hotel and casino properties in the heart of Manila to boost tourism and bring international visitors to the country. 

Source: CasinoNewsDaily

Source: European Gaming Media and Events

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Breaking News: Dutch Senate votes to legalize online gambling

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The Netherlands Senate voted today in favor of the country’s long-awaited online gaming legislation, which was approved by the House of Representatives back in 2014.

The new regulatory regime will allow operators to secure online sports betting and casino gaming licenses to serve Dutch consumers, subject to secondary legislation that is yet to be submitted for European Commission approval.

Today, the Dutch Senate voted in favor of legislation to legalize internet-based gambling, clearing the way for foreign and Dutch firms to apply for licenses.

On Monday, the Financieele Dagblad said some 300 companies have expressed interest in running a gambling website in the Netherlands and about 50 are expected to make a formal application for a license when they are up for grabs next year. Tuesday’s vote comes two years after the lower house voted in favor of allowing third parties to legally offer online gambling.

Holland Casino is the Netherlands’ only state-regulated gambling establishment but foreign firms widely flout the ban and continue to target Dutch punters.

The two Christian parties in the ruling coalition voted against the legislation. They claim allowing more companies to offer online betting will lead to more problems with addiction.

Source: DutchNews.nl

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Breaking News: Dutch Senate votes to legalize online gambling

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BetConstruct attained a partnership with SA Gaming

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BetConstruct announces a new strategic partnership with an online entertainment platform provider in Asia – SA Gaming.

As a result of the agreement, SA Gaming’s various slots and live casino solutions will be integrated into BetConstruct’s platform. Around 30 slots such as The Guard, World Cup Fever, Red Dragon, Saint of Mahjong, Indiana’s Quest, Dragon Tiger, and others currently fulfill their gaming catalog.

“This is an important partnership for us, as a result of which our gaming portfolio will be enhanced with more Asian themed slots and live casino games, ” says BetConstruct regional director Lusine Khudaverdyan.

 

Apart from the slots, SA Gaming has a wide portfolio of live casino games famous in Asia. Following the partnership, we already support such games as Baccarat, Roulette, Sic Bo, Fan Tan and Speed Baccarat from our new Asian 3rd party provider. Together with SA Gaming we believe to provide premium gaming solutions for all our partner operators.

 

About BetConstruct

BetConstruct is an award-winning developer and provider of online and land-based gaming solutions with development, sales, and service centers around the globe.

BetConstruct’s innovative and proven offerings include an extensive range of products and services, including Sportsbook, Sports Data Solutions, Retail Solutions, RNG & Live Dealer Casino, VR Casino, Poker, Skill Games, Fantasy Sports, Social Platform and more. The latest addition is the industry-first complete management infrastructure, SpringBME (Business Management Environment).

All partners benefit from the BetConstruct Spring platform with its powerful back-office tools and all-inclusive services that empower operators’ growth and help contain their costs. From stand-alone set up to turn-key and white label solutions, BetConstruct offers its partners unfettered opportunity to succeed.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: BetConstruct attained a partnership with SA Gaming

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Bangladesh bans online gambling websites

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Bangladesh Telecommunication Regulatory Commission (BTRC) has asked all the internet gateway providers and Telecom department to run an internet safety solution programme to block online gambling websites. BTRC is believed to have received an instruction to effect the same from the country’s government.

The telecom regulator has sent the order to block the websites so that these websites will not be accessible in Bangladesh again.

“It might take few more hours to block all the sites completely as blocking any site is so technical,” said Md Emdadul Hoque, general secretary of Internet Service Provider Association of Bangladesh (ISPAB).

A top official of the BTRC said they have often found complaints from different sides about online gambling and that needs to block for the sake of safe internet.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Bangladesh bans online gambling websites

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