Philippine casino operator Bloomberry Resorts Corp saw its fourth-quarter net loss widen year-on-year to PHP2.81 billion (US$47.9 million), from PHP920.2 million a year ago, it said on Friday.
Bloomberry had posted a net loss of PHP1.74 billion for the third quarter of 2025.
The company said its full-year 2025 net loss stood at approximately PHP2.65 billion, compared with a net profit of PHP2.58 billion a year earlier.
The 2025 net loss “was partly offset” by a PHP2.9 billion one-time, non-cash refinancing gain relating to the refinancing of a PHP40.0 billion syndicated loan facility, according to a filing to the Philippine Stock Exchange.
Bloomberry’s net revenues for the October to December 2025 period fell 12.0 percent from a year earlier, to just under PHP12.81 billion.
Group earnings before interest, taxation, depreciation and amortisation (EBITDA) for the three months to December 31, 2025 stood at PHP1.33 billion, down 66.5 percent year-on-year.
Full-year 2025 EBITDA was PHP10.17 billion, compared with PHP16.60 billion in 2024. “EBITDA was impacted by PHP723.9 million of megaFUNalo operating expenses,” Bloomberry said. That was a reference to its megaFUNalo online gaming platform, that had a soft launch in June.
The group’s first and flagship property is Solaire Resort & Casino at Entertainment City in the Philippine capital. In May 2024, the group launched its US$1.0-billion Solaire Resort North complex (pictured) in Quezon City, outside Metro Manila.
Earlier this week, the company confirmed the sale of its gaming business involving a small casino hotel – Jeju Sun – on the holiday island of Jeju in South Korea.
Enrique Razon, Bloomberry’s chairman and chief executive, was cited as saying in a press release with the latest results that 2025 had been “a challenging year, marked by softer inbound tourism and the residual effects of the July 2024 POGO ban”, which impacted VIP and premium mass revenues.
That was a reference to Philippine Offshore Gaming Operators (POGOs), a classification of offshore-facing online gaming provider that saw its licensing category phased out by the Philippine Amusement and Gaming Corp (Pagcor) in a period up to December 2024.
Mr Razon added in Friday’s results statement: “Regulatory uncertainty in the online space also tempered the rollout of our newest digital platform.”
The executive stated that, although Bloomberry Resorts’ gross gaming revenue (GGR) had declined by circa 3 percent in full-year 2025, the firm still managed to “outperform the broader integrated resort market”.
Such results were “supported by the continued ramp-up of Solaire Resort North and the resilience of our domestic mass-market business,” Mr Razon said.
He said that, in response to “softer revenues”, the firm had introduced “gaming and resort enhancements” to its two Solaire-branded properties, as well as having implemented “expense management measures” across its operations.
Group-wide GGR fell 12.8 percent year-on-year in the quarter ending December 31, to PHP14.11 billion.
For Solaire Resort & Casino at Entertainment City, fourth-quarter GGR was PHP9.33 billion, down 25.9 percent year-on-year. The complex recorded EBITDA of PHP703 million in the reporting period, compared with PHP3.88 billion a year earlier.
The firm said in its accompanying press release that VIP rolling chip volume was PHP51.10 billion, representing a year-on-year decline of 49.6 percent.
For the mass gaming operation, mass table drop was PHP8.12 billion, an 11.4 percent decline from a year earlier. Electronic gaming machine coin-in at the flagship property was PHP72.70 billion, down 10.2 percent year-on-year.
Solaire Resort North in Quezon City saw GGR rise 32.5 percent in the October to December period, to just over PHP4.77 billion. The property achieved EBITDA of PHP828 million, up 136.6 percent from the prior-year period.
The press release said VIP rolling chip volume at the venue was nearly PHP4.67 billion, compared with PHP4.13 billion in the same period last year.
Mass table drop was PHP5.36 billion, representing a year-on-year decrease of 14.1 percent. Electronic gaming machine coin-in at the Quezon City property was PHP42.49 billion in the fourth quarter of 2025, compared with PHP31.40 billion a year earlier.
