Tag Archives: Bloomberry Resorts
Increases at Solaire North offset declines at Solaire Resort Entertainment City for Bloomberry
Rising GGR at Solaire North, ten months into its ramp-up, helped drive Bloomberry’s Gross Gaming Revenue (GGR) to P16.8bn, representing an increase of 14 per cent from P14.8bn in the first quarter of 2024. The company’s mass market business continued to expand as the combined Mass Tables and Electronic Gaming Machines (EGM) GGR of Solaire…
Solaire North ramp-up contributes to Bloomberry’s gaming revenue growth in 2024
Bloomberry’s Gross Gaming Revenue (GGR) for 2024 came in at P61.7bn, representing an increase of six per cent from P58.3bn in 2023. The increase was mainly due to GGR contributed by Solaire Resort North (SN), which recorded 221 days of operations for the year The mass market segment outperformed the VIP business as the combined…
Weak VIP and higher costs drag Bloomberry’s second quarter net income down 61 per cent
Weak VIP and higher costs has dragged Bloomberry’s second quarter net income down 61 per cent although the good news for the Philippine operator was that its Solaire Resort North recorded positive EBITDA in first 37 operating days. Bloomberry, whose subsidiaries own and operate Solaire Resort Entertainment City, Solaire Resort North, and Jeju Sun Hotel…
Philippines – Bloomberry to build third Solaire casino with project in Cavite
Bloomberry Resorts has confirmed plans for its third integrated casino project which will be built in Cavite in the Calabarzon region on the southern shores of Manila Bay and southwest of Manila. The project won’t get underway though until Solaire Resort North in Quezon City has opened for business, which is expeced by the first…
Philippines – Solaire up by 89 per cent with domestic-focused gaming back up to 95 per cent of 2019 levels
Bloomberry Resorts Corporation, whose subsidiaries own and operate Solaire Resort & Casino (Solaire) and Jeju Sun Hotel & Casino (Jeju Sun), reported a huge 89 per cent increase in revenues for the three months and nine months ended September 30, 2022. With Jeju Sun shut, it was left to Solaire to drive the increase with…
Philippines – Invitation only mass gaming drives recovery at Solaire
Bloomberry Resorts Corporation, whose subsidiaries own and operate Solaire Resort & Casino and Jeju Sun Hotel & Casino, saw its casino revenue double during the last quarter to the year ended December 31, 2021. Total GGR at Solaire was P8bn, representing an increase of 50 per cent from P5.3bn in the fourth quarter of 2020…
The Philippines – Solaire jumps 62 per cent in third quarter
Bloomberry Resorts has said its Solaire casino in the Philippines, generated P7.1bn in the third quarter representing an increase of 62 per cent from P4.4bn in the same quarter last year. Shifting quarantine classifications resulted in Solaire being closed to the public for 41 out of 92 days in the quarter. In the 51 days…
Philippines – Soliare GGR up 29 per cent quarter to quarter but closures halt rebound
Although it is now shut again, 88 days of operation saw Bloomberry Resorts, the operator behind Solaire Resort & Casino, to a 29 per cent increase in revenues in its first quarter of 2021 compared to its last quarter of 2020. Enrique K.Razon Jr.,Bloomberry Chairman and CEO, said: “Despite the challenges, the company generated solid…
Philippines – Solaire achieves six-times increase from quarter to quarter
Operating at 30 per cent capacity, Bloomberry Resorts’ Solaire Resort & Casino generated GGR of P4.4bn (US$91.3m) during the third quarter, representing a 74 per cent decrease from P17.1bn in the same period last year. However, quarter by quarter, the results reflect an increase of six times from Php686.6bn (US$14.1m) in the second quarter to…
