Increases at Solaire North offset declines at Solaire Resort Entertainment City for Bloomberry
Rising GGR at Solaire North, ten months into its ramp-up, helped drive Bloomberry’s Gross Gaming Revenue (GGR) to P16.8bn, representing an increase of 14 per cent from P14.8bn in the first quarter of 2024.
The company’s mass market business continued to expand as the combined Mass Tables and Electronic Gaming Machines (EGM) GGR of Solaire Resort Entertainment City (SEC) and SN increased by 29 per cent year-over-year.
Enrique K. Razon Jr., Bloomberry Chairman and CEO, commented: “In the first quarter of 2025, Bloomberry’s Gross Gaming Revenue (GGR) expanded by 14 per cent year-over-year. GGR generated by the Mass Tables and Electronic Gaming Machines (EGM) segments across both our Metro Manila properties grew by 29 per cent, powered by a resilient domestic mass market player base.”
“Solaire North continued to gain ground as GGR across the board increased by 29 per cent sequentially, resulting in a P1.1bn contribution to consolidated EBITDA. However, Solaire Entertainment City’s year-over-year results were impacted by softness in gaming volumes arising from slow VIP play and the POGO ban.”
“We are fully committed to pushing the performance of both of our resort businesses and Solaire Online even as we are focused on ramping our new online product which will be launching in the coming weeks.”
Solaire Resort Entertainment City (SEC) generated P12.1bn, representing a decline of 18 per cent from P14.8bn in the first quarter of 2024. GGR was negatively impacted by lower volumes and hold rates in the VIP and Electronic Gaming Machine (EGM) segments.
Solaire Korea’s Jeju Sun recorded GGR of P3.7m, compared to GGR of P15.6m in the same quarter last year.
