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With an estimated net worth of $20 billion, SM founder Henry Sy Sr. remains the richest among the tycoons from the Philippines who made it to Forbes magazine’s latest annual list of the wealthiest people on the planet. (76-0)
A dozen tycoons from the Philippines, Henry Sy Sr. who founded the storied SM group, are among the wealthiest people on the planet, based on Forbes magazines’ 2018 list of billionaires. (44-0)
Stock prices extended their decline on Tuesday, March 6, following reports on February inflation accelerating to its fastest pace in three years. (9-0)
THE former management partner of Solaire Resorts and Casino in Parañaque City remains unable to sell its shares in the casino’s operator, after a regional trial court in Makati affirmed the validity of a stay order issued in 2014 that prohibited the sale of shares held by Global Gaming Philippines LLC (GGAM) until arbitration proceedings in Singapore are completed. (9-0)
MANILA, Philippines — Bloomberry Resorts Corp. has offered to purchase the 16-hectare land in Entertainment City where Solaire Resort & Casino is located.
SHARES on Wednesday ended a three-day rally that had seen the main index closing short of 9,000 the day before to mark the year’s sixth peak, as investors pocketed gains. (30-0)
A UNIT of Bloomberry Resorts Corp. (BRC) has bought P4.24 billion worth of the company’s shares, which will be given as a reward for loyal patrons of Solaire Resorts and Casino.
RCBC Securities, Inc. sees the market ending at the 9,500 level by the end of 2018, fueled by the continued positive outlook on the Philippine economy. (15-0)
MANILA, Philippines — Gaming stocks in the Philippines were on a winning streak last year, mirroring the trend in the Asian region and reflecting investors’ optimism on the huge growth potential of the sector in the coming years. (6-0)
The sector’s gross value added (GVA) — a measure of the value of goods and services produced by a sector — increased by 7.3% to P841.70 billion in 2016, the Philippine Statistics Authority data showed. (1-1)
ANY OPTIMISM over the Philippines’ credit rating upgrade on Monday by Fitch Ratings evaporated yesterday, as investors awaiting Congress’ ratification of tax reforms made the Philippine Stock Exchange index (PSEi) end three days of gains. (20-0)
MANILA, Philippines — Ports tycoon and casino magnate Enrique Razon has decided to keep his casino in Jeju, Korea, his first venture overseas. (0-1)
PORTS and gaming tycoon Enrique K. Razon, Jr. is scouting for opportunities to expand his gaming business in Asia. (5-1)
Enrique Razon Jr., the often outspoken ports and gaming tycoon, advocated some self-interest during the 31st Association of Southeast Asian Nations Summit on Monday. (1-3)
MANILA, Philippines — Bloomberry Resorts Corp., owner and operator of Solaire Resort & Casino and Jeju Sun Hotel & Casino, sustained its profitability in the first nine months. (0-1)