Company: Bloomberry Resorts Corporation
Family Name: Razon
Given Name: Enrique K.
Role: Chairman and CEO
Profile: Razon is a Filipino billionaire and one of the richest men in his country. His primary business is International Container Terminal Services, a Manila-based port management firm. From 2009, Bloomberry Resorts Corporation won a license to build a casino in Entertainment City in Manila, which has added substantially to Razon’s fortune.
The Philippines, which is home to more than 7,600 islands, is aiming to ramp up its cruise tourism industry.
Bloomberry Resorts, the operator of the Solaire Resort & Casino in Manila, saw its consolidated net income plunge by 40% in the first quarter of 2018 due to lower foreign exchange gains, higher interest expenses, and weaker gaming revenues.
Bloomberry Resorts plans to start construction of a US$308 million cruise port in Parañaque City in the third quarter of the year, local media reported Chairman and CEO Enrique Razon as saying on the sidelines of the group’s annual shareholder meeting.
Bloomberry Resorts, operator of the Solaire Casino & Resort, posted record EBITDA and net profit for 2018, driven by record gross gambling revenues across all segments.