Razon's Bloomberry to raise $200M to fund casino project

Posted at 04/19/2012 6:05 PM | Updated as of 04/19/2012 6:09 PM

MANILA, Philippines - Enrique Razon's Bloomberry Resorts, one of 4 investors in Pagcor's Entertainment City, is planning to raise $200 million to fund its hotel-casino project there.

Bloomberry says it will raise the money by selling shares and that it is already in talks with CLSA and UBS to arrange the share sale.

Bloomberry recently completed structural work on its Solaire Manila hotel-casino at Pagcor City.

Bloomberry debuted on the stock exchange 2 months ago, through a backdoor listing by taking over dormant listed company Active Alliance. - ANC