Bloomberry Resorts who own the Solaire Manila Resort & Casino have terminated the management agreement of Global Gaming Philippines LLC (GGAM) along with its resident Chief Operating Officer Michael French in what Bloomberry said was “on a material breach.”
In a statement to the Philippine Stock Exchange Bloomberry said, “GGAM has not spent any material time in attending to the management of Solaire and has failed to perform its obligations and deliverables under the MSA.”
In response to the announcement GGAM said, “Bloomberry has materially breached that agreement and GGAM is pursuing its rights under that contract in arbitration in Singapore.”
Bloomberry did say that other members of the GGAM management team were very capable and would remain along with the company now looking for a replacement for Mr French in a senior hotel casino executive role.
