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Philippine hospitality firm ordered to pay nearly $300 million


A Singapore-based arbitration court has ordered Philippines-based hospitality firm Bloomberry Resorts Corp. to pay nearly $300 million to U.S.-based casino management company Global Gaming Philippines LLC, reports. The arbitral award relates to a lawsuit filed by Global Gaming claiming that it had been unjustly removed from the management of Bloomberry's Solaire Resorts & Casino in 2013.

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