Bloomberry Resorts Corporation Reported a PHP 9.5 Billion Consolidated Net Income in 2023, Up 85%3/3/2024 Bloomberry Resorts Corporation (Bloomberry), whose subsidiaries own and operate Solaire Resort Entertainment City (Solaire) and Jeju Sun Hotel & Casino (Jeju Sun), reported a P9.5 billion consolidated net income, representing an increase of 85% from P5.1 billion in the previous year. Mr. Enrique K. Razon Jr., Bloomberry Chairman and CEO, said, “I am pleased to report our financial and operating results for 2023, which reflect a resilient Philippine economy amid a challenging global economic landscape. Driven by a strong domestic market, our annual EBITDA and Net Profit grew by 35% and 85% year-over-year, respectively. Our mass table games, electronic gaming machines and non-gaming segments performed remarkably as revenues in these areas breached 2019 pre-pandemic levels by a significant margin.”
“We have high hopes for 2024, especially as we open our second integrated resort in the thriving metropolis of Quezon City. The construction of Solaire Resort North is almost complete, and we plan to launch late in May of this year. Solaire Resort North will massively enhance our luxury gaming and entertainment portfolio and solidify our standing as the leading integrated resort developer and operator in the Philippines.” Company's FY2023 Highlights:
Company's 4Q23 Highlights:
Bloomberry Resorts Corporation (PSE: BLOOM) is a public company listed on the Philippine Stock Exchange that develops destination resorts featuring premium accommodations, gaming and entertainment, and world-class restaurants and other amenities. Bloomberry Resorts Corporation’s subsidiaries own and operate the Solaire Resort Entertainment City in the Philippines and Jeju Sun Hotel & Casino in Korea. The company’s flagship property, Solaire Resort Entertainment City, is a USD $1.2 Billion integrated destination resort on an 8.3-hectare site in Manila, Philippines and the first to open in the PAGCOR-sponsored economic development zone known as Entertainment City.
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