Bloomberry Resorts Corp, a Philippines-listed casino operator, announced that the board of directors of its subsidiary, Bloomberry Resorts & Hotels Inc, spent just under PHP14.9 million in Monday market transactions to provide stock in the parent company to “loyal patrons.”
Bloomberry Resorts & Hotels bought about 1.94 million shares of the parent company at prices ranging from PHP7.50 to PHP7.70 per share, with the majority, 1.18 million shares, purchased at PHP7.70 per share.
The parent company stated in a Tuesday filing that the shares will be “given as a reward to Solaire’s loyal patrons and as part of Solaire’s marketing programme.”
The group operates Solaire Resort & Casino in Manila, the Philippine capital, and in May opened Solaire Resort North, another gaming complex in Quezon City, northeast of Manila.
The promoter of Solaire Resort North confirmed that the property will launch VIP operations in early September.
Last week, the parent company reported a consolidated net income of just under PHP1.34 billion for the three months ending June 30.