Thursday, February 7, 2013

Just getting started: 400 Casino-Hotel OFWs hired back home

For the hotel/tourism industry OFWs, now they have more chances to be back home to their families, while providing similar career opportunities as the Bloomberry Resorts Corp brought home and hired former OFWs in their initial phase of their development in the PAGCOR Entertainment City (ParaƱaque).

Bloomberry Resorts is the first of four investors in the at least 4 Billion dollar development near the Mall of Asia complex.

MANILA - Bloomberry Resorts Corp told the Philippine Stock Exchange on Wednesday that, with the upcoming opening of its new gaming facility next month, it has brought home and hired 400 Filipino casino and hotel workers who have worked in various parts of the world.

In a disclosure, the gaming firm led by Enrique Razon said it has also "collected" top former operating officers from "world-renowned casinos" in Las Vegas and other international locations.

The company said it has installed modern resorts and gaming equipment and facilities in Solaire Manila Resorts and Casino, which will open on March 16. Bloomberry is spending $1.2 billion for the 500 rooms in Solaire Manila's Phase 1 development. It will have an additional 300 rooms in Phase 1a after 2 years.

The hotel will have 2,000 rooms after the casino complex is completed.

Bloomberry said Cristino Naguiat, Philippine Amusement and Gaming Corp (Pagcor) chairman, has projected that at least $10 billion in revenues will be generated by the four gaming operators in the Pagcor Entertainment City by 2017.

Naguiat was quoted to have said gaming revenues are expected to hit $2 billion this year, and to double to $4 billion in 2014, with Bloomberry bringing in a "very large contribution" to those projections.


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