Search Results

Philippines

Solaire North’s rapid ramp up helps Bloomberry achieve 14% GGR growth in 1Q25

Viviana Chan - May 15, 2025

Solaire North’s first full quarter lifts Bloomberry’s GGR 14% in 1Q25, helping cushion declines at Solaire Resort Entertainment City.

Philippines

Weak performance at Solaire Resort and Solaire North & costs weigh on Bloomberry earnings

Viviana Chan - March 6, 2025

Bloomberry Resorts Corp. saw its earnings drop by 73 percent in 2024, falling to $46 million, as underwhelming performance at Solaire Resort Entertainment City and higher costs from Solaire North weighed on the company's financial results.

Philippines

Bloomberry secures $688M syndicated refinancing facility to optimize cash flow

Viviana Chan - February 13, 2025

Bloomberry Resorts Corporation has secured a $688 million syndicated refinancing facility, marking a key step in its ongoing financial strategy.

Philippines

Bloomberry Resorts secures $1.24B refinancing deal

Nelson Moura - October 15, 2024

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.

Philippines

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

AGBrief Editorial - August 15, 2024

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.

Philippines

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

Nelson Moura - May 15, 2024

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.

Philippines

Bloomberry’s Solaire North to open in late May: Chairman

AGBrief Editorial - March 4, 2024

Bloomberry’s casino project, Solaire North, in Quezon City is set to open late in May of this year, updates the group’s CEO and Chairman, which is about a two-month pushback from the previously scheduled opening in March of this year.

Philippines

Bloomberry’s net profit up 85% to $170M in 2023 driven by mass segment

AGBrief Editorial - March 4, 2024

Philippine gaming operator Bloomberry Resorts has reported consolidated net income of PHP9.5 billion ($170 million) for 2023, an 85 percent increase from PHP5.1 billion ($91 million) in 2022.

Philippines

Bloomberry tipped for 23% profit surge despite GGR slowdown: Maybank

Viviana Chan - January 17, 2024

Maybank analyst cuts Bloomberry Resorts FY24 forecast due to a gaming revenue slowdown, in particular in VIP.

Philippines

Gaming company Digiplus took the lead as PSE’s best-performing stock in 2023

Viviana Chan - January 14, 2024

DigiPlus Interactive Corp, a Philippine retail gaming provider, has claimed the top spot on the Philippine Stock Exchange (PSE), outperforming nearly 300 listed companies in terms of stock price growth. Other PSE-listed gaming operators also recorded positive results in their stock prices last year.