Thomas Arasi named as new COO of Solaire
Thomas Arasi new COO of Solaire Manila
Bloomberry Resorts the owner of the Solaire Resort and Casino in Manila has moved quickly to replace the contract between Global Gaming Philippines LLC (GGAM) along with its resident Chief Operating Officer Michael French by installing Thomas Arasi as their new Chief Operating Officer.
Last month Bloomberry cancelled the management agreement between Global Gaming and themselves along with releasing Michael French in what the company said was “on a material breach.”
In a disclosure to the Philippine Stock Exchange, Bloomberry said Thomas Arasi – an American who is a veteran in the gaming and hospitality industry – would assume his role on the 11th October.
Mr Arasi will be responsible for leading the effort in ensuring the ramp-up of the operations and profitability of Solaire Resort & Casino.
“We are pleased to welcome Thomas Arasi to Solaire. We believe his credentials and experience will be key to achieving our expectations for Solaire,” Bloomberry chairman & president Enrique Razon Jr. said in a press statement.
Thomas Arasi has a wealth of experience and most recently was recognized for completing the development of Marina Bay Sands, which was on time and under budget along with overseeing the $1.5 billion in revenues annually the resorts generates.
The Solaire is soon to undergo a $500 million expansion and Bloomberry believe they have the right man to take that expansion further.
Global Gaming and Bloomberry are now locked in a dispute over the cancellation of the management contract which is certain to be fought out in court.
