Bloomberry’s 9-mo profit rises by 275%

Integrated gaming resort developer and operator Bloomberry Resorts Corp. posted P5.96 billion in nine-month net profit, up 275 percent year-on-year.

For the third quarter, the developer and operator of Solaire Resort & Casino booked a net profit of P1.86 billion, up 31 percent year-on-year.

Gross gaming revenue hit P36.5 billion, the highest recorded for a nine-month period since Solaire opened to the public in 2013. This marked a 23.3-percent growth from last year’s level.

GGR accounted for 93.3 percent of Bloomberry’s business during the period. Flagship integrated resort Solaire contributed P34.25 billion while Korean unit Jeju Sun contributed P323.75 million.

Solaire posted a record for mass table volume and electronic gaming machines coin-in while Jeju Sun reported a positive cash flow for the first time since 2015.

Bloomberry’s nongaming revenue also hit a record-high of P2.25 billion in the first nine months, up 46.7 percent year-on-year.—DORIS DUMLAO-ABADILLA