In a disclosure to the stock exchange, Bloomberry said construction of phase 1 of Solaire Manila is expected to be completed by the fourth quarter of 2012.
Bloomberry, a property company led by ports magnate Enrique Razon, owns Solaire Manila through its subsidiary Sureste Properties Inc.
Phase 1 of Solaire Manila will consist of 27,700 square meters of gaming area. The casino will have 1,200 slot machines and 300 gaming tables. It will have a hotel with 500 rooms, several restaurants, multilevel parking building with 3,000 parking slots, as well as a grand ballroom, spa and bayview promenade.
Bloomberry said Solaire Manila will provide a first-glass gaming experience to customers, from mass market to VIPs. The company aims to provide VIP gaming experience at par with international casinos.
Solaire Manila has hired former casino executives from Macau and Las Vegas to be part of its management team. Michael French a, former senior vice-president of City of Dreams Macau, was named chief operating officer. Xingyu (Ed) Chen, ex-financial controller of Wynn Resort Macau, was named chief financial officer.
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