BIZ BUZZ: Arasi leaves Bloomberry
After more than a decade, Bloomberry Resorts Corp. is saying goodbye to Thomas Arasi, its president, director and chief operating officer.
Investors were left in the dark as to the exact reason behind Arasi’s sudden retirement, but the operator of Solaire Resorts and Casino said in a stock exchange disclosure on Tuesday that it was due to “personal reasons.”
Arasi likewise left his post at subsidiary Bloomberry Resorts and Hotels Inc.
His retirement was effective immediately, and Enrique Razon Jr.-led Bloomberry has yet to name a successor.
This comes as a surprise, especially since Arasi has been at the helm of Bloomberry through thick and thin—the company’s feud with Global Gaming Philippines LLC and the opening of Solaire Resort North in Quezon City.
We’re all ears to check who might be his potential successor, and the reason behind his sudden departure.
