GGRAsia – GGAM sues Razon, Bloomberry units in New York court ggrasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ggrasia.com Daily Mail and Mail on Sunday newspapers.
Philippines-based casino operator Bloomberry Resorts Corp says the Singapore Court of Appeal has dismissed an appeal from two Bloomberry subsidiaries regarding a case against Global Gaming Philippines LLC, a unit of United States-based Global Gaming Asset Management LLC (GGAM).
The court decision was issued on Tuesday (February 16), according to a filing on Wednesday to the Philippine Stock Exchange.
Bloomberry developed and operates the Solaire Resort and Casino (pictured), a property that opened in the Philippine capital Manila in March 2013.
Bloomberry said two of its units had applied to the Singapore Court of Appeal about a January 2020 decision from the city-state’s High Court, on a partial award in favour of entities linked to GGAM.
Sheldon Adelson: Supercharged by Asia
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[Ed: The gaming world was met with the sad news of the passing of Las Vegas Sands Chairman and CEO Sheldon Adelson overnight (Las Vegas time). Read our obituary of the visionary gaming figure who singled-handed changed our industry, and for the better.]
After making millions in Vegas, Macau and Singapore propelled Adelson to global power and otherworldly wealth
Sheldon Adelson lived the American dream, from sleeping on a tenement floor as a child to revolutionizing Las Vegas with Venetian and the convention driven business model, becoming a multimillionaire in the process. For most people that would have been enough. But the Las Vegas Sands founder produced a more spectacular second act in Asia.