Solaire Resort & Casino, originally known as Solaire Manila, is a resort complex. It includes a five-star hotel with approximately 500 rooms. Solaire was also the first hotel and casino to be established in the Entertainment City (also known as the Bagong Nayong Pilipino – Entertainment City or formerly Manila Bay Tourism City). It was opened in 2013. It was also the tallest structure in the Manila Bay area outside Metro Manila.
Solaire Resort & Casino is the first expansion to break ground in the publicly-owned Entertainment City. The area has 120 hectares and has been named by the Philippine Economic Zone Authority as a special economic zone. Solaire is run by Bloomberry Resorts and Hotels Incorporated. It is a subsidiary of Sureste Properties, Inc., or previously called Bloombury Investments Holdings Inc. “Ports King” Enrique K. Razon Jr. is the chairman of Sureste Properties, Inc. and he is one of the richest Filipinos today, according to Forbes. Razon gave the Solaire project an investment of $1.2 billion.
How Solaire Resort & Casino Was Conceptualized?
Since the founding of Resorts World Manila in 2009, the Philippine Government wanted to establish more casino-resort complex to boost tourism in the country. In 2009, the Philippine Amusement and Gaming Corporation (PAGCOR) awarded the project to Bloomberry Resorts and Hotels Incorporated. The project was initially called “Solaire Manila” and ground-breaking took place in 2010. In 2012, Solaire Manila was renamed “Solaire Resort & Casino”. Phase 1 was completed the following year, 2013. On March 16, 2013, Philippine President Benigno Aquino III, PAGCOR Chairman Cristino Naguiat, owner Enrique Razon Jr. and former Paranaque Mayor Florencio Bernabe, Jr. were in the inauguration and button pressing ceremony.
The Development Of Solaire Resort & Casino
The Solaire Resort & Casino covered a total of 8.3 hectares. It houses a five-star luxury hotel with 488 rooms and a grand ballroom with 1,000 seating capacity. The complex also has 18,500 square meters of gaming area. The gaming area of the complex has 1,200 slot machines and 300 gaming tables. Solaire Resort & Casino boasts world-class convention facilities, along with entertainment, dining, leisure and retail centers. Also, the Phase 1A construction has begun. It includes the second parking building, a 1800-seating capacity Broadway and a retail space of 60,000 square meters. The project will also add another 308 rooms, restaurants and a night club. It is estimated that the Phase 1A project will be completed by 2014.
All The Casino Fun You Need You Can Get At Solaire Resort & Casino
Solaire Resort & Casino is the first complex to be established in the Entertainment City along the Philippines’ Manila Bay. The First Phase includes nearly 500 luxurious suites, appointed rooms and baysisde villas. Also, it has excellent resort-style pool facilities, and bars and entertainment lounges. Solaire also have a top-of-the-line meeting hub and ballroom, along with a fully equipped spa and fitness center.
Solaire also boasts a world-class dining experience at their signature quick serve restaurants. Solaire has some of the world’s top class chefs to showcase a comprehensive set of skills for customers. They will also provide a great selection of authentic local and international cuisine to cater to every client. Solaire will give customers the Las Vegas experience, which is why they do not have to travel all the way to the US just to enjoy the gambling experience.
Solaire’s 18,500 square meters casino area has two gaming spaces, which include the premium VIP salons along with a casino and entertainment bar with an outdoor theme. Solaire also offers a wide range of casino games and the most popular slot games today like Blackjack, Baccarat, Pontoon plus many more. Since its unveiling, Solaire has become one of the most prominent names in the gambling industry, and it continues to grow in terms of clients and revenues.
The Solaire Incident With Global Gaming Asset Management
In the late part of 2013, Enrique Razon, Jr. kicked out Solaire’s casino operator, the Global Gaming Philippines LLC (GGAM). GGAM is the local unit of the Las Vegas-based management services provider. According to a disclosure by the Bloomberry Resorts Corp. to the Philippine Stock Exchange (PSE), GGAM has not spent a material time in the Solaire management. According to the disclosure, it has also failed to accomplish its obligations under the agreement.
GGAM is a subsidiary of casino operator Global Gaming Asset Management, with has markets in Las Vegas. Bloomberry said that there are existing members of the management team that are capable of supervising Solaire and will continue the effective management of the company without GGAM. Bloomberry replaced Michael French, Solaire’s chief operating officer and the representative of GGAM for the company. On the other hand, GGAM denied the allegations made by the Razon-led Bloomberry.
Under the agreement between Solaire and GGAM, GGAM will provide the planning, technical and the advisory services to the Solaire project throughout its construction until the fit-out phase. Then, it will offer management services to the development of the company when it enters the commercial phase.