Friday, December 6, 2024

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PH Resorts flags worsening financials due to Emerald Bay development

Embattled PH Resorts Group reported a net loss of PHP392.9 million ($6.7 million) for the nine months ended September 30th, 2024.

Bloomberry sees drops in VIP in 3Q24, Entertainment City compensates Solaire North earnings

Bloomberry Resorts Corporation saw a 22 percent increase in gross gaming revenue (GGR) during the third quarter, with the first full quarter contribution by its new integrated resort Solaire Resort North.

Maybank trims Bloomberry net revenue forecasts due to softness in GGR

Maybank has revised its net revenue forecasts for Bloomberry Resorts Corporation, lowering its projections by 12 percent for both FY24 and FY25, now estimating PHP51.0 billion ($870 million) and PHP60.3 billion ($1.03 billion), respectively.

Bloomberry Resorts secures $1.24B refinancing deal

Bloomberry Resorts Corporation has successfully completed the refinancing of a $1.24 billion loan, helping lighten its debt burden as Solaire Resort North ramps up.

PH Resorts still in negotiations with possible investors in suspended Emerald Bay project

PH Resorts Group Holdings, Inc. has still not been able to find new suitors for its Emerald Bay project, despite restrictions previously in place due to its previous deal with Tiger Resort Leisure & Entertainment, Inc (TRLEI) having been lifted.

Bloomberry Resorts reports 4% YoY decline in GGR for 2Q24 due to weak VIP

Philippine-based gaming and hospitality group Bloomberry Resorts Corporation, reported a 4 percent year-over-year decline in gross gaming revenue (GGR) to PHP14.5 billion ($254.6 million) for the second quarter of 2024.

Bloomberry Resorts denies expansion to Thailand

Philippine gaming operator Bloomberry Resorts Corporation has issued a clarification note denying news regarding potential expansion plans into the possible future Thai gaming market.

Daily Asia Gaming eBrief: Bloomberry Resorts unveils $1B IR Solaire Resort North

Bloomberry Resorts Corporation inaugurated its new luxury development, the Solaire Resort North, in Quezon City on May 25. Bloomberry Resorts Chairman Enrique Razon Jr. expressed the aim to enhance entertainment experiences and boost economic activity in Quezon City by attracting tourists and residents.

Bloomberry’s Solaire Resort North officially opens

Bloomberry Resorts Corporation has officially opened its latest luxury development, the Solaire Resort North, in Quezon City on May 25. Situated on a 1.5-hectare site in Quezon City, the largest city of Metro Manila, and with 38 floors, Solaire Resort North involved a $1 billion investment.

Lower VIP and mass table revenue reduce Bloomberry Resorts’ 1Q24 income

Bloomberry Resorts Corporation reported strong performance in its domestic slot machine segment for the first quarter of this year, however, lower VIP and mass table revenues contributed to an 11 percent year-on-year decline in net income to $44.9 million.

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