Philippine casino operator Bloomberry Resorts Corp saw its third-quarter net loss attributable to the owners widen year-on-year to PHP1.74 billion (US$29.5 million), from PHP472.4 million a year ago.
That was on net revenues that fell 7.8 percent from a year earlier, to just under PHP12.61 billion, according to a Wednesday filing to the Philippine Stock Exchange.
Group earnings before interest, taxation, depreciation, and amortisation (EBITDA) for the three months to September 30 stood at PHP1.92 billion, down 52.6 percent year-on-year.
Receivables were just under PHP1.33 billion as of September 30, compared to PHP2.34 billion as of December 31 last year.
The group’s first and flagship property is Solaire Resort & Casino (pictured) at Entertainment City in the Philippine capital. In May last year, the group launched its US$1.0-billion Solaire Resort North complex in Quezon City, outside Metro Manila.
The company also runs a small casino hotel – Jeju Sun – on the holiday island of Jeju in South Korea. Last month it said it had a deal that will see its disposal.
Enrique Razon, Bloomberry’s chairman and chief executive, was cited as saying in a press release with the latest results that the “business environment in the third quarter mirrored that of the first half of 2025”.
He stated: “Our consolidated EBITDA declined due to ongoing softness in international high roller activity and increased expenses from the rollout of our online gaming services.” The latter was a reference to its MegaFUNalo online gaming platform, that had a soft launch in June.
The group’s third-quarter operating costs and expenses went up 8.1 percent year-on-year, to nearly PHP12.62 billion.
Mr Razon noted: “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.”
In terms of the group’s land-based operations, Mr Razon said 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 percent and 58 percent year-over- year, respectively.”
Group-wide gaming revenue fell 15.2 percent year-on-year in the quarter ending September 30, to PHP9.31 billion.
For Solaire Resort & Casino at Entertainment City, third-quarter gross gaming revenue (GGR) was PHP10.00 billion, down 20.6 percent year-on-year. The complex recorded EBITDA of PHP1.24 billion in the reporting period, compared to PHP3.59 billion a year ago.
The firm said in its accompanying press release that VIP rolling chip volume was PHP72.12 billion, representing a year-on-year decline of 34.3 percent.
For the mass gaming operation, mass table drop was PHP8.65 billion, a 17.9-percent decline from a year earlier. Electronic gaming machine coin-in at the flagship property was“PHP77.62 billion, down 8.7 percent year-on-year.
Solaire Resort North, in Quezon City, saw GGR up 25.3 percent in the July to September period, to nearly PHP4.61 billion. The property achieved EBITDA of PHP787.6 million, up 19.3 percent from the prior-year period.
The press release said VIP rolling chip volume at the venue was nearly PHP4.91 billion, which compares to PHP2.22 billion in the same period last year.
Mass table drop was PHP6.67 billion, representing a year-on-year increase of 4.9 percent. Electronic gaming machine coin-in at the Quezon City property was PHP42.61 billion in the third quarter this year, compared with PHP30.22 billion a year earlier.
Bloomberry Resorts’ total liabilities as of September 30 were PHP131.35 billion, a figure 4.7 percent lower than its nearly PHP137.79-billion total as of December 31 last year.
