Bloomberry Resorts Corp, which is due to become the first company to open an integrated casino resort in Manila’s new Entertainment City gaming hub, yesterday kicked off a fully marketed top-up placement of between Ps7.7 billion and Ps9.7 billion $180 million to $227 million.
The company, which is controlled by Philippine businessman Enrique Razon, obtained a backdoor listing on the Philippine Stock Exchange late last year following a reverse takeover of Active Alliance, a former manufacturer of printed circuit boards that at the time of the takeover was essentially a listed shell company. The name was changed to Bloomberry in February this year.
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