{"id":777018289,"date":"2024-08-20T09:52:53","date_gmt":"2024-08-20T12:52:53","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777018289"},"modified":"2026-04-22T07:00:12","modified_gmt":"2026-04-22T10:00:12","slug":"bloomberry-to-reward-loyal-solaire-patrons-with-shares","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/bloomberry-to-reward-loyal-solaire-patrons-with-shares","title":{"rendered":"Bloomberry to reward loyal Solaire patrons with shares"},"content":{"rendered":"\n

The board of directors of Bloomberry Resorts & Hotels has approved the purchase of 1.94m shares of Bloomberry Resorts Corporation.<\/p>\n\n\n\n\n\n\n\n

The Philippines.- Bloomberry has announced that the board of directors of its subsidiary Bloomberry Resorts & Hotels <\/strong>has approved the acquisition of 1.94m shares of Bloomberry Resorts Corporation through the Stock Market at market price tobe given as a reward to Solaire’s loyal patrons and as part of Solaire’s marketing programme.<\/p>\n\n\n\n

The value of the shares at the time of purchase ranged from PHP7.50 to PHP7.70 per share for a total investment of PHP14,887,111 (US$263,000). <\/p>\n\n\n\n

The company has reported net income of PHP1.3bn (US$23.4m) for the first half of the year, down 61 per cent year-on-year. Gross gaming revenue (GGR) was PHP14.5bn (US$261m), down 4 per cent year-on-year. Consolidated earnings before interest, taxation, depreciation and amortisation (EBITDA) was PHP3.6bn (US$64.8m), down 33 per cent when compared to the second quarter of 2023.<\/p>\n\n\n\n

Enrique K. Razon Junior,\u00a0Bloomberry chairman and CEO, said:\u00a0“Despite our weaker consolidated year-over-year performance, I am pleased to report that Solaire Resort North recorded positive EBITDA of PHP250m in its first 37 days of operations. We are in the early stages of the property\u2019s ramp-up and are happy with the pace, especially as we compare it to the ramp-up of Solaire in Entertainment City over 11 years ago. As revenues at our second property grow, we anticipate further synergies and positive operating leverage to contribute to our group\u2019s profitability in the coming quarters.”<\/p>\n\n\n\n

See also: <\/strong>Bloomberry Resorts sets annual dividend policy<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The board of directors of Bloomberry Resorts & Hotels has approved the purchase of 1.94m shares of Bloomberry Resorts Corporation.<\/p>\n","protected":false},"author":176,"featured_media":29713,"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 & Hotels, a subsidiary of Bloomberry Resorts Corporation, has approved the acquisition of 1.94 million shares to be used as rewards for Solaire's loyal patrons, integrating a unique capital markets instrument into its marketing programme. This strategic move comes as Bloomberry reports a 61% year-on-year decline in H1 net income and a 4% decrease in GGR, despite Solaire Resort North achieving positive EBITDA in its initial 37 days of operation.","focusai_entities":"Bloomberry Resorts & Hotels, Bloomberry Resorts Corporation, Solaire, Solaire Resort North, Enrique K. Razon Junior","focusai_location":"The Philippines","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.9), marketing_crm (0.85), investor_analyst (0.95), journalist_researcher (0.8)","focusai_suggestions":[{"label":"Impact of Share Loyalty?","query":"What is the projected ROI and long-term efficacy of utilizing company shares as a patron loyalty reward within Bloomberry's marketing programme, particularly concerning player lifetime value and brand equity?"},{"label":"Solaire North Ramp-up Projections?","query":"Given the positive initial EBITDA for Solaire Resort North, what are the revised GGR and NGR ramp-up projections for the property over the next 12-24 months, and how will this impact consolidated group profitability and operating leverage?"}],"footnotes":""},"categories":[163,16333],"tags":[15417],"class_list":["post-777018289","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\/777018289","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=777018289"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018289\/revisions"}],"predecessor-version":[{"id":777018304,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018289\/revisions\/777018304"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/29713"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777018289"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777018289"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777018289"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}