GGAM exits Bloomberry via $166m block trade

The sale, which was priced at a 10.4% discount, comes four months after the Philippine casino operator fired its GGAM-appointed COO. Separately, a group of founders raises $75 million from the sale of shares in chain restaurant operator Tsui Wah.
January 16, 2014

Las Vegas-based Global Gaming Asset Management (GGAM) has sold its entire 8.7% stake in Bloomberry Resorts Corp, the operator of the Solaire Resort & Casino in Manila, through a block trade, raising Ps7.42 billion ($166 million).

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