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HomeNewsDaily Asia Gaming eBrief: Bloomberry to see 23% profit increase in FY24

Daily Asia Gaming eBrief: Bloomberry to see 23% profit increase in FY24

Good Morning. The slowdown in VIP and junkets has spread beyond Macau, with analysts at Maybank lowering their forecasts for Philippines-based Bloomberry Resorts for FY24, as the segment underperforms. VIP play in Macau, meanwhile saw its strongest quarter since 2019, despite mass contributing some 75 percent of revenue in 4Q23. And employee salaries in the SAR have yet to reach pre-pandemic levels, even as operators implement wage hikes, notes an industry association.

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PHILIPPINES

Solaire Resort & Casino, Bloomberry Resorts, Philippines

Bloomberry to see 23% profit increase in FY24: Maybank

Analysts at Maybank are predicting that 2024 will be a strong year for Bloomberry Resorts, with profit expected to rise by nearly a quarter. However, forecasts have been reduced due to a drop in gross gaming revenue, largely due to decreases in VIP and junket revenue, even though slots performed strongly.


Corporate Spotlight

1xBet sums up 2023: Innovations, awards, partners and winnings

1xBet, 2023, innovation, awards, partnerships

1xBet is writing a success story with you and is happy to share its achievements in 2023. During 2023, 1xBet extended sponsorship agreements with world-famous sports clubs, cooperated with new partners and ambassadors, collected awards, and paid millions of dollars in winnings!


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AGBrief Editorial
AGBrief Editorialhttps://agbrief.com/about-asia-gaming-brief/
The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers.

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