Bloomberry Resorts Settles Legal Dispute with GGAM
Establishing a stronghold in the online gambling sphere, Philippines-based gaming giant Bloomberry Resorts – the owners of infamous Solaire in Manila – has pioneered a major move in the industry. In a recent development, the casino firm has settled a long-standing legal scuffle with Global Gaming Asset Management (GGAM), nipping the dispute in the bud.
Bloomberry Buys back Stakes from GGAM
Before the speculations could fuel up resilience to muddle the scenario, both the firms jointly agreed upon a settlement where Bloomberry Resorts consented to buy back a whopping sum of 921 million shares held by GGAM. This strategic decision taken by both the game providers is likely to influence other iGaming stakeholders worldwide.
Impacts on the Casino industry
Subsequent to the settlement, the casino industry and news outlets have been buzzing about the potential implications. The Bloomberry Resorts and GGAM set an example, reinforcing the importance of addressing legal disputes in a timely and efficient manner. The purchase of 921 million shares is no small feat, and marks a significant shift in the online casino industry power dynamic.
What's next for Bloomberry Resorts?
After settling a thorny issue, Bloomberry Resorts has further solidified its position in the online casino market. However, it triggers a question – what’s next for Bloomberry Resorts? Well, the sector is keenly watching the next moves of this casino industry tycoon.
