15 days after opening, Bloomberry Resort Corp. earns P578.3M revenue

MANILA, Philippines—Gaming firm Bloomberry Resort Corp. chalked up P578.3 million in revenues in the first 15 days of operation of Solaire Manila Resort & Casino, the first entertainment complex to open in Pagcor City.

But for the first quarter, Bloomberry posted a net loss of P1.06 billion, 688.6 percent higher year-on-year, due to higher pre-operating expenses as well as operating expenses and cost of sales during the first 15 days of operation.

Bloomberry opened its entertainment in March 16 this year. In the first quarter, gaming was the biggest contributor to revenues amounting to P495.6 million.  Its hotel, food and beverage outlets contributed P57.1 million while retail revenue from 15 days of commercial operation reached P1 million.

Other income consisted mainly of lease rentals, communication and transportation services.

After the opening of the first phase of its entertainment complex, Solaire said it’s now ramping up its gaming business.  A number of junket operators have signed up to bring in foreign VIP players while numerous promotional programs and strategic marketing activities are ready to be launched, Bloomberry said.