Bloomberry GGR decreases in Q3

Gross gaming revenue was down 10 per cent year-on-year.

The Philippines.- Casino operator Bloomberry has shared its financial results for the third quarter of the year. It reported gross gaming revenue (GGR) of PHP14.6bn (US$247m), a decrease of 10 per cent in year-on-year terms. The company cited weakness in the VIP and premium mass segments.

Its net loss was PHP1.7bn (US$28.8m), compared with net loss of PHP470.2m in the same period last year. Consolidated net revenue was PHP12.7bn (US$215), representing a decrease of 8 per cent.

Consolidated non-gaming and other revenue increased by 21 per cent to PHP3.3bn (US$55.8m) with solid contributions from Solaire Entertainment City (SEC), Solaire North (SN), and a modest contribution from Jeju Sun. Consolidated EBITDA was PHP1.9bn (US$32.1m), down 53 per cent mostly due to a lower contribution from SEC, which was impacted by softer gaming volumes as well as MegaFUNalo! operating expenses.

Enrique K. Razon Jr., Bloomberry chairman and CEO, commented: “The business environment in the third quarter mirrored that of the first half of 2025. Our consolidated EBITDA declined due to ongoing softness in international high roller activity and increased expenses from the rollout of our online gaming services. However, the local market remained strong as evidenced by revenue performance at Solaire North, which focuses on the domestic mass market, with gaming and resort revenues rising by 25 per cent and 58 per cent year-over-year, respectively.”

“The ramp-up of the MegaFUNalo online gaming platform is progressing, although at a slower pace than anticipated, despite regulatory uncertainties. We are actively enhancing our offerings and plan to launch new content in the coming weeks.”

Solaire Resort Entertainment City

The group’s flagship property is Solaire Resort & Casino at Entertainment City (SEC) in the Philippine capital. In May last year, it launched Solaire Resort North complex in Quezon City, outside Metro Manila.

For the third quarter, GGR at SEC was PHP10bn (US$169m), representing a decline of 21 per cent compared to the third quarter of 2024. GGR was negatively impacted by weaker volumes across all gaming segments and lower win rates from VIP tables.

VIP rolling chip volume was PHP72bn (US$1bn), representing a year-over-year decline of 34 per cent. The VIP hold rate was 2.25 per cent against 3.30 per cent in the third quarter of 2024. VIP GGR was PHP1.6bn (US$27m), declining by 55 per cent compared to the same quarter last year.

The mass table drop was PHP8.6bn (US$145.3m), representing a year-over-year decline of 18 per cent. The mass table hold rate was 44.8 per cent, compared to 42.6 per cent in the same period last year. Mass table GGR was PHP3.9bn (US$66m), down by 14 per cent year-on-year.

EGM coin-in was PHP77.6bn (US$1.3bn), a 9 per cent year-on-year decrease, and EGM GGR was PHP4.5bn, up 0.5 per cent compared. Non-gaming revenue was PHP2.1bn (US$35.5m), up 7 per cent year-on-year, while net revenue was PHP8.2bn, down 20 per cent. SEC generated EBITDA of PHP1.2bn, down 66 per cent.

Solaire Resort North

Solaire Resort North generated GGR of PHP4.6bn (US$76.8m) for the quarter, representing a 25 per cent increase compared to the third quarter of 2024, its first full quarter of operations.

VIP rolling chip volume was PHP4.9bn (US$83m), which compares to PHP2.2bn in the same period last year. VIP GGR was PHP138m, up from a loss of PHP19m in the same period of 2024.

The mass table drop was PHP6.7bn (US$113.2m), a year-over-year increase of 5 per cent. Mass table GGR was PHP2.1bn, up 31 per cent year-on-year. EGM coin-in was PHP42.6bn (US$720m), a 41 per cent year-on-year increase, and GGR was PHP2.4bn, up 13 per cent.

Non-gaming revenue was PHP1.1bn (US$18.6m), up 58 per cent year-on-year. Net revenue was PHP4.3bn, up 27 per cent. SN generated EBITDA of PHP787.6m, up by 19 per cent.

Jeju Sun Resort & Casino (Jeju Sun)

Solaire Korea’s Jeju Sun recorded gross gaming revenue of PHP3.8m, up from a loss of PHP7.9m in the same quarter last year. Non-gaming revenue was PHP137.3m, up 13 per cent year-on-year, while net revenue was PHP140.6m, up by 23 per cent year-over-year. Jeju Sun generated LBITDA of PHP14.6m, which represents an improvement from PHP71.9m.

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Gross gaming revenue was down 10 per cent year-on-year. The Philippines.- Casino operator Bloomberry has shared its financial results for the third quarter of the year. It reported gross gaming…