{"id":777023963,"date":"2025-03-12T09:03:07","date_gmt":"2025-03-12T12:03:07","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777023963"},"modified":"2026-04-22T00:56:48","modified_gmt":"2026-04-22T03:56:48","slug":"bloomberry-resorts-announces-cash-dividend","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/bloomberry-resorts-announces-cash-dividend","title":{"rendered":"Bloomberry Resorts announces cash dividend"},"content":{"rendered":"\n

The company also announced plans for a new online platform to expand its presence in electronic gaming.<\/p>\n\n\n\n\n\n\n\n

The Philippines.- Casino operator\u00a0Bloomberry Resorts<\/strong> has announced\u00a0a special cash dividend of PHP0.0847 (US$0.0014) per share. The dividend will be payable on April 3 to shareholders registered as of March 25.<\/p>\n\n\n\n

Meanwhile, chairman and CEO Enrique K. Razon Junior<\/strong> has announced plans to launch an online platform to expand Bloomberry’s presence in the electronic gaming space. According to local media, Razon Jr. said the new online platform targets a broader audience and “will compete directly with offerings of other electronic gaming license holders, including BingoPlus, the online casino brand developed by DigiPlus Interactive Corp.\u201d<\/p>\n\n\n\n

In its\u00a0financial results\u00a0for the year 2024, the company reported gross gaming revenue (GGR) of PHP61.7bn (US$1.08bn). That\u2019s an increase of 6 per cent in\u00a0year-on-year terms<\/a>. The growth was mainly due to the opening of Solaire Resort North (SN) for 221 days of the year.<\/p>\n\n\n\n

The casino operator reported net income of PHP2.6bn (US$45.9m), down 72.63 per cent year-on-year. Consolidated net revenue was PHP53.1bn (US$930.6m), up 10 per cent, while non-gaming revenue was PHP10.7bn (US$187.3m), up 23 per cent year-on-year.<\/p>\n\n\n\n

Consolidated EBITDA reached PHP16.6bn (US$290.5m), down 14 per cent. The decline was mostly due to lower EBITDA generated by Solaire Resort Entertainment City (SEC) and pre-operating expenses associated with SN, which were partially offset by its ramp-up. The mass market segment showed stronger performance than the VIP business.<\/p>\n\n\n

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\"Photo
Solaire Resort Entertainment City.<\/figcaption><\/figure>\n<\/div>\n\n\n

<\/h2>\n\n\n
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See also:<\/span> Bloomberry names Gregory Francis Hawkins as acting chief operating officer<\/a><\/p>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

The company also announced plans for a new online platform to expand its presence in electronic gaming.<\/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 announced a special cash dividend and strategic plans to launch a new online platform, expanding its presence in the electronic gaming vertical within the Philippines, directly competing with existing license holders like DigiPlus Interactive Corp.'s BingoPlus. The company reported a 6% increase in 2024 GGR to PHP61.7bn, primarily driven by the Solaire Resort North opening, despite a 72.63% decline in net income and a 14% decrease in consolidated EBITDA due to pre-operating expenses.","focusai_entities":"Bloomberry Resorts, Enrique K. Razon Junior, DigiPlus Interactive Corp., BingoPlus, Solaire Resort North, Solaire Resort Entertainment City, Gregory Francis Hawkins","focusai_location":"Philippines","focusai_target_profile":"ceo_executive (1.0), regulator (0.8), compliance_legal (0.8), operator_casino (1.0), product_ux (0.7), tech_data (0.7), marketing_crm (0.9), payments_fraud_aml (0.7), investor_analyst (1.0), supplier_vendor (0.9), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Online Platform Licensing?","query":"What specific B2C licensing frameworks will Bloomberry navigate for its new online platform in the Philippines, and how will this impact its operational timeline and regulatory compliance costs?"},{"label":"Competitive Impact Analysis?","query":"How will Bloomberry's strategic entry into the online electronic gaming vertical affect the market share, GGR, and profitability of incumbent operators like DigiPlus Interactive Corp. in the Philippines?"}],"footnotes":""},"categories":[157,16333],"tags":[15417],"class_list":["post-777023963","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-east-asia-news","tag-bloomberry-resorts"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777023963","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=777023963"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777023963\/revisions"}],"predecessor-version":[{"id":777024004,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777023963\/revisions\/777024004"}],"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=777023963"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777023963"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777023963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}