{"id":777012713,"date":"2024-01-29T10:11:46","date_gmt":"2024-01-29T13:11:46","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777012713"},"modified":"2026-04-22T13:35:13","modified_gmt":"2026-04-22T16:35:13","slug":"bloomberry-shares-rise-amid-imminent-solaire-north-ir-opening","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/bloomberry-shares-rise-amid-imminent-solaire-north-ir-opening","title":{"rendered":"Bloomberry shares rise amid imminent Solaire North IR opening"},"content":{"rendered":"\n<p>Bloomberry Resorts&#8217; stock price rose 8.7 per cent after the company announced the opening.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>The Philippines.- The imminent opening of\u00a0Bloomberry Resorts\u2019\u00a0new IR, Solaire Resort North, in Quezon City, Philippines caused Bloomberry Resorts&#8217; shares to rise by 8.7 per cent to PHP10.98, with a trade value of PHP654.6m (US$11.6m).<\/p>\n\n\n\n<p>Solaire Resort North, Bloomberry\u2019s second IR in the Philippines, was originally scheduled to open in the first quarter of 2024. However, <a href=\"https:\/\/focusgn.com\/asia-pacific\/bloomberrys-solaire-north-ir-opening-delayed-to-q2-2024\" target=\"_blank\" rel=\"noreferrer noopener\">the opening was rescheduled to the second quarter of this year<\/a> due to the Covid-19 pandemic and disruptions in the global supply chain.<\/p>\n\n\n\n<p>The development will have a hotel, gaming, restaurants and bars, meeting facilities and retail spaces like Solaire Resort &amp; Casino in Entertainment City.<\/p>\n\n\n\n<p>While\u00a0Bloomberry has yet to report fourth-quarter and full-year 2023 figures,\u00a0<a href=\"https:\/\/focusgn.com\/asia-pacific\/bloomberry-revenue-to-reach-us1-03bn-in-2024-analysts-say\" target=\"_blank\" rel=\"noreferrer noopener\">analysts at Maybank Securities<\/a>\u00a0expect the casino operator\u2019s 2024 net revenues to be 23 per cent lower than it had projected. (nearly PHP13.2bn).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberry Resorts&#8217; stock price rose 8.7 per cent after the company announced the opening.<\/p>\n","protected":false},"author":176,"featured_media":27875,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Bloomberry Resorts' stock experienced an 8.7% uplift following the announcement of the imminent Q2 2024 opening of Solaire Resort North in Quezon City, Philippines. This second integrated resort's launch, though delayed from Q1 due to supply chain disruptions, is a significant market event. However, Maybank Securities has revised Bloomberry's 2024 net revenue projections downwards by 23%, indicating potential headwinds despite the expansion.","focusai_entities":"Bloomberry Resorts, Solaire Resort North, Solaire Resort & Casino, Maybank Securities","focusai_location":"Philippines, Quezon City, Entertainment City","focusai_target_profile":"ceo_executive (0.9), regulator (0.75), compliance_legal (0.7), operator_casino (0.85), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Solaire North GGR","query":"What is the projected incremental Gross Gaming Revenue (GGR) contribution from Solaire Resort North in its first full year of operation, and how does this align with Bloomberry's overall market share strategy in the Philippines?"},{"label":"Revenue Projection Factors","query":"Beyond the Q2 2024 opening, what specific operational or market factors are driving Maybank Securities' 23% downward revision of Bloomberry Resorts' 2024 net revenue projections, and what is the anticipated impact on EBITDA margins?"}],"footnotes":""},"categories":[163,16333],"tags":[15417],"class_list":["post-777012713","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-east-asia-news","tag-bloomberry-resorts"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777012713","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=777012713"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777012713\/revisions"}],"predecessor-version":[{"id":777012725,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777012713\/revisions\/777012725"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/27875"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777012713"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777012713"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777012713"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}