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Bloomberry reduces losses on limited operations mb.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mb.com.ph Daily Mail and Mail on Sunday newspapers.
Philippine casino operator Bloomberry Resorts Corp reported positive first-quarter consolidated earnings before interest, taxation, depreciation and amortisation (EBITDA) of PHP1.49 billion (US$31.2 million) from its Solaire Resort and Casino venue (pictured) in Manila, a decrease of 58.2 percent year-on-year. Group-wide EBITDA for the firm during the first quarter was PHP1.43 billion (US$29.8 million). But it was a big improvement on the PHP129.3-million achieved in the last quarter of 2020, according respectively to a Monday filing and press release from the firm. The group’s consolidated EBITDA from its Jeju Sun operation in Jeju, South Korea, was negative by PHP65.6 million in the first three months of this year showed the results filing. Jeju Sun is currently closed amid the pandemic. ....
Published May 10, 2021, 4:00 PM Bloomberry Resorts Corporation, the owner of Solaire Resort & Casino and Jeju Sun Hotel & Casino, reported a net loss of P780.8 million in the first quarter of the year from a net income of P1.4 billion in the same period last year. However, the firm disclosed to the Philippine Stock Exchange that net loss improved by 68 percent compared to the P2.5 billion net loss incurred in the fourt quarter of 2020. “Despite the challenges, the Company generated solid results in the first three months of 2021 with gaming revenues, EBITDA and the bottom line improving from the previous quarter, said Bloomberry Chairman and CEO Enrique K. Razon Jr. ....
Published March 8, 2021, 3:40 PM Bloomberry Resorts Corporation, owner of Solaire Resort & Casino and Jeju Sun Hotel & Casino, reported an audited consolidated net loss of P8.3 billion for 2020 compared to net profit of P9.9 billion in 2019. In a disclosure to the Philippine Stock Exchange, the firm said its 2020 results were “severely impacted by the COVID-19 outbreak which resulted in the temporary suspension of Solaire’s casino operations between March 16, 2020 to June 15, 2020.” Bloomberry Resorts Corporation (BRC) logo (c)www.bloomberry.ph Since mid-June, Solaire has been operating at limited capacity across its gaming, hotel, food and beverage, and retail businesses and has only been catering to long-stay hotel guests and select invitees. ....
Bloomberry posts P8.3 billion loss Iris Gonzales MANILA, Philippines Bloomberry Resorts Corp., the listed hotel and casino operator, reported a net loss of P8.3 billion last year, but recorded improvements in revenue in the fourth quarter of 2020 compared to the third quarter. The company’s 2020 results was severely impacted by the COVID-19 outbreak, resulting in the temporary suspension of Solaire Resort & Casino’s casino operations from March 16 to June 15, 2020. Bloomberry’s Jeju Sun in South Korea has been closed since March 21, 2020. Despite the losses, Bloomberry chairman and CEO Enrique Razon Jr. said fourth quarter results are encouraging and believes recovery is underway. ....