Bloomberry’s Billion-Dollar Casino Solaire Resort North ThrivesBloomberry’s Billion-Dollar Casino Solaire Resort North Thrives Bloomberry Resorts, led by billionaire Enrique K. Razon Jr., has made waves with its $1 billion casino, Solaire Resort North. Analysts are optimistic that the luxury property will reach profitability within its first year due to high demand. Located in Quezon City, Solaire Resort North has already achieved a hotel occupancy rate of over 60%. Gaming tables and slot machines attract crowds from Metro Manila and beyond, while restaurants are so popular that reservations are recommended even on weekdays. Chief Operating Officer Gregory Hawkins highlights the strong traffic since the resort’s opening. With 526 rooms, 163 gaming tables, and 2,669 slot machines, Solaire North aims to cater to the northern cities and neighboring provinces. Analysts estimate that the property will generate over 70% of its revenue from slot machines. Maybank forecasts a significant boost to Bloomberry’s financial performance, predicting a 20% increase in revenue this year. Hawkins is confident that the resort will meet expectations, achieving positive EBITDA in the fourth quarter. Solaire Resort North’s unique location, luxurious amenities, and chic dining options set it apart in northern Metro Manila. While the resort has the potential to compete globally, Hawkins emphasizes its focus on mass premium gaming for local customers, rather than international gamblers. Enrique Razon Jr. played a hands-on role in the resort’s design, selecting furniture, tableware, and artwork. A stunning 27-meter-high glass sculpture adds a touch of elegance. As Solaire Resort North continues to flourish, Bloomberry Resorts and Enrique Razon Jr. are poised to solidify their presence in the gaming industry. The economic impact of the new resort in the coming years is sure to be significant.
Bloomberry Resorts, controlled by billionaire Enrique K. Razon Jr., has made a significant impact with its new $1 billion casino. Analysts are optimistic that the luxury property will break even within the first year as thousands of visitors flock to the resort. Solaire Resort North in Quezon City, which opened just a month ago, already has a hotel occupancy rate of at least 60%. Its tables and slot machines draw large crowds from Metro Manila and surrounding areas, and its restaurants are so popular that staff advises guests to make reservations even on weekdays.
Bloomberry Resortsunder control of billionaire Enrique K. Razon Jrhas made a significant impact with its new $1 billion casino. Analysts are optimistic that the luxury property will break even within its first year as thousands of visitors flock to the resort. Solar Resort North in Quezon Citywhich opened just a month ago, already has a hotel occupancy rate of at least 60%. The tables and slot machines attract a large crowd of Metro Manila and the surrounding areas, and the restaurants are so popular that staff advise guests to make reservations, even on weekdays.
Gregory Hawkinsthe Chief Operating Officer of Solar Resort Northnoted, “Traffic is very, very strong,” highlighting the significant demand since the resort opened. The 38-story Solar Northlocated in a residential area north of Manilais an hour’s drive from Blossom berrythe first Tanning bed casino resort in ParanaqueThis new hotel features 526 rooms and suites, 163 gaming tables and 2,669 electronic gaming machines.
Blossom berry designed Solar North to serve as a gaming destination for the northern cities of the national capital region, as well as neighboring provinces such as Bulacan, Pampanga, TarlacAnd New Ecija. According to Ian Garciahead of research at AP effectsThe resort is expected to generate more than 70% of its revenue from slot machines. Garcia also predicted the property will generate 22.5 billion pesos ($383 million) in casino and hotel revenue this year.
In a report published in May, Maybank predicted that Solar North would improve significantly Blossom berry‘s financial performance. The bank forecast a 20% increase in the company’s revenues this year, to 57.7 billion pesos, with further growth expected to 68.6 billion pesos in 2025 and 78.9 billion pesos in 2026.
Hawkins is optimistic that the resort will meet analyst expectations and achieve positive EBITDA in the fourth quarter as promotional activities are stepped up to attract markets Quezon City and the surrounding communities. As the only five-star hotel in the north Metro ManilaThe resort has a unique location and offers luxurious accommodations, first-class conference facilities and chic dining options. Hawkins “It takes a while for this type of real estate to get going, but so far the signs are quite positive.”
Despite Solar Resort North‘s potential to compete with other global gaming properties in the Asia Pacific region, Hawkins stressed that the resort is not dependent on international gamblers, especially from the mainland Chinato be profitable. The focus is more on mass premium gaming, with a smaller component of VIP services.
Enrique K. Razon Jr was closely involved in the design of Solar Resort Northfrom selecting furniture to choosing tableware. The artwork in the resort was curated by Tarzeer photosa creative production agency co-founded by Razor‘s son Enzo and its business partners Dinesh Mohnani And Gio PanlilioA striking feature of the resort is a 27-metre-high glass sculpture by American artist Nikolas Weinsteinworth approximately 200 million pesos.
Hawkins repeated: “International incoming travelers from the mainland China is not a key market for this property,” which emphasizes the resort’s focus on local customers.
In addition to his ventures in the gaming industry, Razor is the controlling shareholder of International Container Terminal Servicesa major port operator in the Philippines, and Prime infrastructure capitala private company expanding its portfolio into water utilities, gas and renewable energy assets. According to Forbes, RazorThe net worth is approximately $10.9 billion.
Of Solar Resort North made a strong start, it looks like Bloomberry Resorts And Enrique K. Razon Jr are well positioned to strengthen their presence in the region. The economic contributions of the new resort in the coming years will be closely monitored.
