Philippine Amusement and Gaming Corporation (PAGCOR) Chairman and CEO Alejandro H. Tengco on Saturday hailed Bloomberry Resorts Corporation for its latest luxury development, the Solaire Resort North, which he said is an instant landmark destination in Quezon City.

During the formal opening of the second Solaire-branded leisure and entertainment property in Metro Manila, Mr. Tengco said Solaire Resort North “marks a new era not only for the Philippine gaming industry but also for the tourism industry.”

“This will definitely become a leisure and entertainment destination in this part of Metro Manila,” he said.

Situated on a 1.5-hectare site in Quezon City, Solaire Resort North is the first and only five-star integrated resort and casino to serve northern Metro Manila and adjacent provinces.

Mr. Tengco also noted the huge efforts made by Bloomberry to bring the project to life.

“This jewel was not created overnight; It took years of meticulous planning, hundreds if not thousands of workers toiling day and night, immense resources poured into it, to bring us this development that is a class of its own,” the PAGCOR chief said.

According to Mr. Tengco, by raising the bar incredibly high, Solaire Resort North instantly becomes the benchmark upon which future integrated resorts will be measured against.

“For this we owe our gratitude to the vision and unwavering determination of Mr. Ricky Razon and his entire team,” he said.

“We at PAGCOR, just like Bloomberry Resorts Corporation, are continuously inspired by the hard work and commitment of President Ferdinand Marcos Jr., to pursue projects like Solaire Resort North so that we can provide more jobs and better opportunities for our people, especially those in the tourism and leisure industries,” the PAGCOR chief added.

President Ferdinand Marcos Jr. and First Lady Liza Araneta-Marcos led the Solaire Resort North’s inauguration. Quezon City Mayor Joy Belmonte also graced the event.

For his part, Bloomberry Resorts Corporation Chairman and CEO Enrique Razon Jr. said Solaire Resort North aims to elevate the entertainment experience in Quezon City.

“We hope to serve the burgeoning tourism demand north of Metro Manila and the nearby provinces that are enjoying rapid commercial and residential development. We hope to bolster economic activity in Quezon City by encouraging visitors – both Filipinos and foreigners — to explore and discover the city,” he said.

“We are bringing only the exceptional to Solaire North – from architecture, interiors, accommodation, gaming, cuisine, art, to entertainment,” Mr. Razon added.

Mitter Infotech LLP, a promoter of Nazara Technologies Limited (“the Company”), has sold 48,84,000 equity shares, representing 6.38% of the issued share capital to Plutus Wealth Management LLP through an on-market transaction in the block deal window of the stock exchange (“Block Trade”) on May 27, 2024.

The Block Trade will provide liquidity for the promoters who have dedicated 25 years to the Company’s growth. The promoters will retain control of the Company, with Nitish Mittersain continuing in his current role as CEO & Jt. Managing Director. The promoters remain confident that the Company is strategically and financially well positioned to capitalize on the numerous opportunities ahead.

Plutus Wealth Management LLP, an investor in Nazara since 2020 (pre-IPO), has demonstrated strong confidence in the Company’s prospects by increasing its shareholding via this Block Trade.

“Plutus Wealth Management LLP has been a long term investor in Nazara since the pre-ipo days and has actively participated in subsequent fund raises as well”, said Vikash Mittersain, Promoter, Nazara Technologies Limited. “This transaction represents a resounding vote of confidence by Plutus in Nazara’s long-term growth prospects, its promoters and management”, he added.

Mr. Arpit Khandelwal, Managing Partner of Plutus Wealth Management LLP, said, “We are extremely delighted to announce that we have increased our stake in Nazara Technologies Limited, India’s leading diversified gaming and sports media platform. This decision underscores our strong conviction in the phenomenal growth opportunity that the sector offers and our confidence in Nazara’s diversified product portfolio, talented team, and unique competitive position. With its expanded presence in various international markets and global partnerships, Nazara is a notable example of an Indian games company that has been successful in going global. In continuation to our philosophy, we look forward to actively supporting the management team as they execute on their growth strategy and aggressively accelerate progress towards achieving their long-term objectives”.

Nothing short of spectacular! This launch not only commemorates our brand new partnership with Betclic, but also our second launch in Portugal in less than 2 months.

Renowned for their love of sports, Betclic is sticking true to its values by exploring the vast world of online, mobile focused casino. They aim to offer the most entertaining gambling experience possible within their many markets via easy-to-use, interactive and innovative mobile apps.

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Moving forwards, we’re looking towards expanding our library of titles available with Betclic, as well as our overall presence within the market. Portugal is arguably one of the most exciting up and coming markets for us in Europe at the moment, and we cannot wait to see more of that Hacksaw footprint across the region!