Bloomberry reports US$96m loss for Q2

The Philippines casino operator has revealed the impact of the pandemic.
The Philippines casino operator has revealed the impact of the pandemic.

The Philippine casino operator has revealed financial results for the second quarter showing the impact of the pandemic.

Philippines.- Casino operator Bloomberry Resorts Corp has revealed financial results for the second quarter showing a net loss of PHP4.70 billion (US$96.0 million). Net income for the same period in 2019 was PHP2.46 billion (US$308 million).

According to the firm, this results had been negatively impacted by the temporary suspension of gaming operations at its Solaire Resort and Casino in Manila since March 16.

Bloomberry reported a net loss of nearly PHP3.32 billion for the first half of 2020, compared with net income of PHP4.67 billion for the first six months of 2019.

In a statement, the company said: “From June 15, 2020, the relevant authorities have allowed limited dry-run gaming operations at [Solaire] under general community quarantine as a means to fine-tune services in accordance with new normal health and safety protocols”.

It added: “The limited dry run involves only in-house and select invited guests. Solaire remains closed to the public.”

Bloomberry is developing another resort, the Solaire North, at Quezon City near the Metro Manila area.

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