Tag Archives: Solaire
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 – 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 – Solaire VIP helps drive Bloomberry to ‘sustained recovery’
Bloomberry Resorts Corporation, whose subsidiaries own and operate Solaire Resort & Casino and Jeju Sun Hotel & Casino, enjoyed ‘sustained recovery’ during the three months ended June 30, 2022. Total Gross Gaming Revenues (GGR) at Solaire was P13.1bn, representing an increase of 131 per cent from P5.7bnin the second quarter of 2021. Easing COVID-19 restrictions…
Philippines – Bloomberry on course for second Solaire launch by 2023
Bloomberry Resorts Corp has confirmed it is on course to launch the company’s second Manila integrated resort, Solaire North, next year. Chairman and CEO Enrique K Razon Jr said: “We’re still on track for a 2023 opening. Solaire North will be an upscale mass-focused offering that, together with Solaire and the revamped Solaire Club, will…
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 – TCS John Huxley to supply upgraded area at Solaire
TCS John Huxley has been chosen to supply gaming equipment for an upgraded area at Solaire Resort and Casino in Manila, Philippines located in Entertainment City. This consisted of key products such as Ora Curve Baccarat Displays, featuring striking LED’s on top the display that indicate the results of the previous eight games to make…
Philippines – PAGCOR licences its Live Shots online offering to four casinos
PAGCOR, the state-run Philippine operator and regulator, will launch an online casino called Live Shots tailored for Filipino VIP gamblers, which will be licensed to land-based casinos. So far PAGCOR has approved the Live Shots license to be used by Solaire Resort and Casino, Okada Manila, City of Dreams and a land-based casino in Subic….
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…
