{"id":777021848,"date":"2025-01-09T06:15:10","date_gmt":"2025-01-09T09:15:10","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777021848"},"modified":"2026-04-22T02:55:30","modified_gmt":"2026-04-22T05:55:30","slug":"maybank-lowers-2025-consolidated-net-revenue-forecast-for-bloomberry","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/maybank-lowers-2025-consolidated-net-revenue-forecast-for-bloomberry","title":{"rendered":"Maybank lowers 2025 consolidated net revenue forecast for Bloomberry"},"content":{"rendered":"\n

Maybank expects Bloomberry Resorts to face several challenges in 2025, especially at its Solaire Entertainment City casino.<\/p>\n\n\n\n\n\n\n\n

The Philippines.- Analysts at Maybank Investment Bank <\/strong>have lowered their full-year 2025 consolidated net revenue forecast for Bloomberry Resorts by 16.9 per cent to PHP50.1bn (US$857m). They said the adjustment was made due to a \u201cchallenged\u201d business environment, especially at the Solaire Resort & Casino<\/strong>.<\/p>\n\n\n\n

Analyst Raffy Mendoza <\/strong>also anticipated a net gaming revenue of PHP40.43bn this year<\/strong>, down 15.9 per cent from his previous estimate. According to him, factors that could influence earnings in 2025 include the declining contribution of gross gaming revenue (GGR) from casinos in Entertainment City, which is driven by a decrease in fly-in VIP gamers and fewer local Chinese players at mass tables.<\/p>\n\n\n\n

Mendoza further said the potential for growth for Bloomberry will depend on the full-year performance of Solaire Resort North<\/strong> and the management\u2019s strategy to introduce its e-gaming platform <\/strong>by the third quarter of 2025.<\/p>\n\n\n\n

Solaire Resort North opened in Quezon City last May<\/a>. The US$1bn development features 526 rooms and suites. The casino has 2,669 electronic gaming machines and 163 tables across four levels. The IR is expected to achieve full operational capacity within two years<\/a> following its opening. <\/p>\n\n\n

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Solaire Resort North opened its doors last May. Source: Solaire Resort.<\/figcaption><\/figure>\n<\/div>\n\n\n

In its latest financial report, issued last November, Bloomberry reported a net loss of PHP470.2m (US$8m) for the third quarter of 2024<\/strong>. The company attributed it to a lower EBITDA and higher depreciation and amortisation and interest expense associated with Solaire North. Consolidated EBITDA was PHP4.06bn (US$69m), down 3.44 per cent when compared to the third quarter of 2023 but up 11.5 per cent sequentially.<\/p>\n\n\n\n

GGR was PHP16.3bn (US$278m)<\/strong>, up 22 per cent year-on-year, driven by Solaire Resort North\u2019s first full quarter of operations. Non-gaming revenue was PHP2.7bn (US$45.9m), up 22 per cent in year-on-year terms. Net revenue was PHP13.67bn (US$232.5m), down 27.2 per cent year-on-year.<\/p>\n\n\n\n

See also: <\/strong>Bloomberry appoints Gregory Francis Hawkins as COO of BRHI<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Maybank expects Bloomberry Resorts to face several challenges in 2025, especially at its Solaire Entertainment City casino.<\/p>\n","protected":false},"author":176,"featured_media":16790,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Maybank Investment Bank has lowered its 2025 net revenue and net gaming revenue forecasts for Bloomberry Resorts, citing a challenging business environment, particularly at Solaire Entertainment City. This adjustment is driven by declining GGR from VIP and local Chinese mass market segments, with future growth contingent on Solaire Resort North's full operational ramp-up and the planned Q3 2025 e-gaming platform launch.","focusai_entities":"Maybank Investment Bank, Bloomberry Resorts, Solaire Entertainment City, Solaire Resort & Casino, Solaire Resort North, Raffy Mendoza, Gregory Francis Hawkins, BRHI","focusai_location":"Philippines, Quezon City, Entertainment City","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.95), product_ux (0.7), tech_data (0.7), marketing_crm (0.85), payments_fraud_aml (0.7), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Solaire North Ramp-up","query":"What specific operational and marketing strategies is Bloomberry implementing to accelerate the full operational capacity and GGR contribution of Solaire Resort North, particularly in light of the challenges at Solaire Entertainment City?"},{"label":"E-gaming Platform Strategy","query":"How will Bloomberry's planned e-gaming platform integrate with its existing land-based operations, and what is the projected NGR contribution and competitive positioning of this new vertical within the Philippine iGaming market?"}],"footnotes":""},"categories":[163,16333],"tags":[413,23632],"class_list":["post-777021848","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-east-asia-news","tag-bloomberry","tag-integrated-resorts"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777021848","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=777021848"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777021848\/revisions"}],"predecessor-version":[{"id":777021851,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777021848\/revisions\/777021851"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/16790"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777021848"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777021848"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777021848"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}