Crazy Time: Solaire Resort: Solaire Resort & Casino is one of the most prominent integrated resorts in the Philippines. Known for its luxurious gaming, hospitality, and entertainment facilities, Solaire has become a key player in the entertainment and tourism industry of the country. But who actually owns and operates this grand establishment?
This article explores the ownership, corporate structure, stakeholders, and business strategy behind Solaire Resort & Casino.
Overview of Solaire Resort & Casino
| Feature | Details |
|---|---|
| Name | Solaire Resort & Casino |
| Location | Entertainment City, Parañaque, Metro Manila, Philippines |
| Opened | March 16, 2013 |
| Type | Integrated Resort and Casino |
| Main Offerings | Gaming, Hotels, Restaurants, Retail, Entertainment |
| Owner | Bloomberry Resorts Corporation |
| Developer | Sureste Properties Inc. (subsidiary of Bloomberry) |
Ownership Structure
Solaire is owned and operated by Bloomberry Resorts Corporation (BRC), a publicly listed company on the Philippine Stock Exchange (PSE: BLOOM). The ownership of Bloomberry is predominantly controlled by Enrique K. Razon Jr., a Filipino billionaire and business magnate.
Key Entities in Ownership
| Entity | Role | Details |
|---|---|---|
| Bloomberry Resorts Corporation | Parent Company | Owns and operates Solaire via subsidiaries |
| Sureste Properties Inc. | Developer and Property Owner | Handles real estate aspects; wholly owned by BRC |
| Bloomberry Resorts & Hotels Inc. (BRHI) | Casino Operator | Holds the PAGCOR license to operate gaming at Solaire |
| Enrique K. Razon Jr. | Majority Shareholder | Chairman and CEO of Bloomberry; owns significant shares via Prime Metroline |
About Enrique K. Razon Jr.
Enrique Razon is the driving force behind Bloomberry. Coming from a family deeply involved in port operations through International Container Terminal Services, Inc. (ICTSI), Razon expanded into hospitality and gaming with Solaire.
| Detail | Information |
|---|---|
| Name | Enrique K. Razon Jr. |
| Position | Chairman and CEO, Bloomberry Resorts Corporation |
| Net Worth (Est.) | ~$6 billion (as of 2025) |
| Other Businesses | ICTSI, Prime Metroline Holdings |
| Influence in Solaire | Architect of the Solaire project and strategic vision |
Corporate Governance
Bloomberry Resorts Corporation is governed by a board of directors, many of whom have extensive experience in finance, gaming, real estate, and logistics. Transparency is mandated due to its status as a publicly listed entity.
Sample Governance Table
| Position | Name | Background |
|---|---|---|
| Chairman & CEO | Enrique K. Razon Jr. | Ports, Infrastructure, Gaming |
| President & COO | Thomas Arasi | Hospitality Industry |
| CFO | Estela Tuason-Occeña | Finance, Audit |
| Independent Director | Atty. Estrella Elamparo | Legal & Compliance |
| Independent Director | Dr. Dante Ang II | Media and Business |
Subsidiaries and Related Companies
Bloomberry operates multiple entities to handle the various aspects of the Solaire business, from gaming operations to real estate development.
| Subsidiary | Function |
|---|---|
| Bloomberry Resorts & Hotels Inc. | Gaming license holder and casino operator |
| Sureste Properties Inc. | Real estate and construction for the resort |
| Bloomberry Cruise Terminals | Expansion into cruise port developments |
| Muui Agricultural Corp. (Korea) | Owner of Jeju project, currently suspended |
Regulatory Oversight
The Philippine Amusement and Gaming Corporation (PAGCOR) regulates the gaming operations of Solaire. Solaire holds a casino license issued by PAGCOR, making it one of the few private casino operators under the state’s watch.
| Regulatory Body | Role in Solaire |
|---|---|
| PAGCOR | Licensing and gaming regulatory authority |
| SEC (Philippines) | Oversees corporate governance (for BRC) |
| PSE | Ensures compliance with listing standards |
Solaire’s Financial Performance
Over the years, Solaire has become a major contributor to Bloomberry’s revenues, especially from VIP gaming and hotel operations.
| Year | Revenue (PHP billions) | Net Income (PHP billions) |
|---|---|---|
| 2021 | 22.7 | -4.3 (Pandemic losses) |
| 2022 | 38.2 | 5.1 |
| 2023 | 55.0 | 9.3 |
| 2024 | 62.5 (est.) | 11.0 (est.) |
Future Expansion Plans
| Project | Location | Estimated Cost | Completion Date |
|---|---|---|---|
| Solaire Resort North | Quezon City | PHP 50 billion | Mid-2025 |
| Cruise Port Terminal | Salomague, Ilocos | PHP 1.5 billion | Ongoing |
Conclusion
Solaire Resort & Casino is not just a glitzy gaming destination—it’s the product of strategic corporate maneuvering and visionary leadership. Owned and operated by Bloomberry Resorts Corporation, under the firm hand of Enrique Razon Jr., Solaire exemplifies how local enterprise can compete on a global scale in the gaming and entertainment industry.
Its ongoing expansions, strong financial performance, and corporate transparency ensure that it will remain a dominant force in the Philippine and Asian leisure markets for years to come.
