Bloomberry eyes next overseas venture in Argentina

Enrique Razon’s Bloomberry Resorts has jumped all the way to Argentina for his second overseas casino venture.

In a Tuesday filing to the Philippine Stock Exchange, Solaire’s listed parent Bloomberry said that the company has established another subsidiary, Solaire de Argentina SA, and appointed the head of the country’s hotel association, Oscar Alberto Ghezzi of the Federacion Empresaria Hotelera Gastronomica de la Republica Argentina, as president of the venture.

Solaire de Argentina has built a website, www.solairedeargentina.com, even though the company has yet to secure the regulatory approvals for a hotel-casino site in an undisclosed area in the capital Buenos Aires.

Bloomberry Resorts “has a proposal to establish an integrated resort in Argentina, but it is still pending evaluation and action of government agencies and regulators in Argentina,” said the company.