Thursday, December 27, 2012

Global Gaming buys 921M Bloomberry shares | Economy | GMA ...

Bloomberry Resorts Corporation on Wednesday said that Global Gaming Philippines LLC has bought 921,184,056 Bloomberry shares.

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As the management services provider in Bloomberry's Solaire Manila casino hotel project, Global Gaming has the option to buy the shares and called on that option last Friday, Bloomberry noted in a disclosure to the Philippine Stock Exchange.

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The shares will be sold by Prime Metroline Holdings Inc. for $15 million plus 10 percent of the seller?s cost of investment in the project equivalent to P1.67 per share.

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Bloomberry was one of four groups that obtained a license to operate a casino in the Philippine Amusement and Gaming Corporation?s ?Entertainment City ? a Las Vegas-style gaming district in Pasay City. The others were Andrew Tan?s Alliance Global, Kazuo Okada?s Tiger Resorts and Henry Sy?s Belle Corp. ? VS, GMA News

Source: http://www.gmanetwork.com/news/story/287755/economy/companies/global-gaming-buys-921m-bloomberry-shares

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