Solaire operator Bloomberry swings to net profit in Jan-Sept


Posted at Nov 14 2016 05:30 PM

MANILA -- Bloomberry Resorts Corp., the operator of Solaire Casino, said Monday nine-month results swung to profit on the back of higher gaming volumes and record revenues.

Bloomberry said it posted net profit of P1.6 billion in the January to September period, from a net loss of P1.5 billion during the same period last year.

Gross gaming revenues grew 14 percent to a record P28 billion, while non-gaming revenues rose 24 percent to a record P1.7 billion.

The company said volumes rose 36 percent for VIP tables, nine percent for mass table drop, and 14 percent for electronic gaming machines.

Bloomberry shares closed 3.17 percent higher to P6.50.