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Waterfront Philippines swings to Q1 loss

Waterfront Philippines, which operates casinos in Manila, Cebu and Davao, swung to a loss of PHP1.5 million ($31,700) in the first quarter compared with a profit of PHP75.25 the year earlier as Covid-related closures and restrictions continued.

AGBrief Editorial AGBrief EditorialJune 15, 2021 · 1 min read
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Waterfront Philippines, Waterfront Manila

Waterfront Philippines, which operates casinos in Manila, Cebu and Davao, swung to a loss of PHP1.5 million ($31,700) in the first quarter compared with a profit of PHP75.25 the year earlier as Covid-related closures and restrictions continued.

Revenue fell to PHP260.8 million from PHP459.2 million

Company statement

AsiaConsortiumCovid-19gamblinglatest newsloss reduction
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