Bloomberry profit drops

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Bloomberry Resorts Corp., said profit in the first nine months of the year dropped 58 percent to P3.5 billion from P8.3 billion last year.

Revenue reached P38.6 billion, up 6 percent from P36.5 billion last year. Consolidated gross gaming revenue from the company’s three operations — Solaire Resort, Jeju Sun Hotel and Casino and Solaire North — was at P45.5 billion, up 2 percent compared to P44.5 billion in 2023.

Bloomberry said its mass market segment continues to outperform the VIP business as the combined performance of mass table games and electronic gaming machines across two properties grew 15 percent for the period.

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Non-gaming revenues meanwhile hit P7.4 billion, up 15 percent. Earnings before interest tax depreciation and amortization was at P12.6 billion, down 18 percent.

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