{"id":777003372,"date":"2023-03-16T13:08:45","date_gmt":"2023-03-16T16:08:45","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777003372"},"modified":"2026-04-22T23:42:00","modified_gmt":"2026-04-23T02:42:00","slug":"solaire-resort-reports-record-gaming-revenue","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/solaire-resort-reports-record-gaming-revenue","title":{"rendered":"Solaire Resort reports record gaming revenue"},"content":{"rendered":"\n<p>Solaire Resort has reported gross gaming revenue of PHP6.8bn (US$123.57m) for January.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>The Philippines.-<strong> Solaire Resort<\/strong> hit a milestone in January, achieving <strong>record GGR of PHP6.8bn (US$123.57m)<\/strong> in what was the resort&#8217;s 10th anniversary. The result follows Bloomberry Resorts&#8217; <a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/bloomberry-revenue-up-50-in-q4\" target=\"_blank\">return to profitability in the fourth quarter of 2022<\/a>. Profits of PHP5.1bn (US$92.28m) were driven by an 84 per cent year-on-year rise in gaming revenue at Solaire Resort (PHP14.7bn).<\/p>\n\n\n\n<p>The strong January results came from the local market and Korean players based in the Philippines, as the resort had not yet attracted a significant number of mainland Chinese gamblers and junket operations, with China only reopening travel on January 8.&nbsp;The result points towards a positive first quarter and a good start for the opening of Solaire Resort North in the first quarter of next year.&nbsp;<\/p>\n\n\n\n<p>Last July, Enrique Razon Jr said that the Solaire North IR could potentially open&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/bloomberrys-solaire-north-ir-on-track-to-open-in-q4-2023\" rel=\"noreferrer noopener\">in the fourth quarter of 2023<\/a>. However, during the presentation of the financial results for the year 2022, Razon Jr said that the IR in Quezon City will open next year.<\/p>\n\n\n\n<p>To celebrate its 10th anniversary this year, the resort has planned a series of celebratory activities, including a Sting concert, an artist residency and special restaurant menus. GGR for Solaire Resort was&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/bloomberry-resorts-posts-net-income-of-us93-6m-for-2022\" target=\"_blank\">PHP50.12bn (US$905.17m)<\/a>&nbsp;in 2022, up 81 per cent from PHP27.6bn in 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Solaire Resort has reported gross gaming revenue of PHP6.8bn (US$123.57m) for January.<\/p>\n","protected":false},"author":176,"featured_media":16906,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Solaire Resort reported a record PHP6.8bn (US$123.57m) in Gross Gaming Revenue (GGR) for January, coinciding with its 10th anniversary and following Bloomberry Resorts' return to profitability in Q4 2022. This robust performance, primarily driven by local and Korean players, signals a positive Q1 outlook and sets the stage for the Solaire Resort North integrated resort opening in Q1 next year.","focusai_entities":"Solaire Resort, Bloomberry Resorts, Enrique Razon Jr.","focusai_location":"Philippines, Quezon City, China","focusai_target_profile":"ceo_executive (1.0), regulator (0.7), operator_casino (1.0), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"China market impact","query":"What is the projected GGR uplift for Solaire Resort once mainland Chinese junket operations and mass market tourism fully normalize, and how does this impact the Solaire Resort North pro forma financial projections?"},{"label":"Solaire North ROI","query":"Given the updated Q1 next year opening for Solaire Resort North, what are the revised capital expenditure projections and anticipated return on investment, particularly considering current market segment performance and competitive dynamics?"}],"footnotes":""},"categories":[157,16333],"tags":[16600],"class_list":["post-777003372","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-east-asia-news","tag-solaire"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777003372","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777003372"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777003372\/revisions"}],"predecessor-version":[{"id":777003413,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777003372\/revisions\/777003413"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/16906"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777003372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777003372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777003372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}