Philippines’ gaming operator Bloomberry Resorts saw net revenues jump 22% to €825 million last year.
Philippines.- Bloomberry Resorts announced a 22% year-on-year increase in net revenues to PHP46.6 billion (€825 million) in 2019.
EBITDA for the year reached PHP19.8 billion (€350.5 million), representing an increase of 33% on the previous year.
Total GGR at Bloomberry Resorts Solaire was PHP59.8 billion (€1billion), representing am increase of 17% driven by higher hold in VIP and its leading position in the mass gaming segment.
Non-gaming revenues came in at PHP8.2 billion (€145 million) for 2019, up to 21% year on year.
“Despite increasing competitive pressure, Solaire maintained its market-leading position and has again proven itself as the premier integrated resort of the Philippines,” Bloomberry Chairman and CEO, Enrique K. Razon Jr, said.
“We are off to a rough start in 2020 as we contend with the tourism impact of an official world health emergency. However, we remain steadfast and aim to demonstrate our resilience by working towards another year of operating excellence,” he added.