The Philippine casino operator has revealed financial results for the second quarter showing the impact of the pandemic.<\/p>\n\n\n\n\n\n\n\n
Philippines.- Casino operator Bloomberry Resorts Corp\u00a0has revealed financial results for the second quarter showing a net loss of PHP4.70 billion (US$96.0 million). Net income for the same period in 2019 was PHP2.46 billion (US$308 million).<\/p>\n\n\n\n
According to the firm, this results had been negatively impacted by the temporary suspension of gaming operations at its Solaire Resort and Casino in Manila since March 16.<\/p>\n\n\n\n
Bloomberry reported a net loss of nearly PHP3.32 billion for the first half of 2020, compared with net income of PHP4.67 billion for the first six months of 2019.<\/p>\n\n\n\n
In a statement, the company said: \u201cFrom June 15, 2020, the relevant authorities have allowed limited dry-run gaming operations at [Solaire] under general community quarantine as a means to fine-tune services in accordance with new normal health and safety protocols”.<\/p>\n\n\n\n
It added: \u201cThe limited dry run involves only in-house and select invited guests. Solaire remains closed to the public.\u201d<\/p>\n\n\n\n
Bloomberry is developing another resort, the Solaire North, at Quezon City near the Metro Manila area.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Philippine casino operator has revealed financial results for the second quarter showing the impact of the pandemic.<\/p>\n","protected":false},"author":2,"featured_media":8986,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Philippine casino operator Bloomberry Resorts Corp reported a Q2 2020 net loss of PHP4.70 billion and an H1 net loss of PHP3.32 billion, primarily due to the temporary suspension of gaming operations at Solaire Resort and Casino since March 16. While limited dry-run operations commenced on June 15 for select guests to fine-tune new health protocols, the resort remains closed to the public, significantly impacting GGR and NGR.","focusai_entities":"Bloomberry Resorts Corp, Solaire Resort and Casino, Solaire North","focusai_location":"Philippines, Manila, Quezon City, Metro Manila","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), compliance_legal (0.7), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Solaire North Timeline?","query":"What is the revised development and launch timeline for Solaire North, considering the current operational challenges and capital allocation priorities?"},{"label":"GGR Recovery Projections?","query":"What are Bloomberry's internal GGR and NGR recovery projections for H2 2020 and FY 2021, factoring in the limited dry-run operations and potential for broader public re-opening?"}],"footnotes":""},"categories":[160,163,16333],"tags":[29,128],"class_list":["post-8983","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-finance-news","category-south-east-asia-news","tag-casino","tag-philippines"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/8983","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=8983"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/8983\/revisions"}],"predecessor-version":[{"id":8987,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/8983\/revisions\/8987"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/8986"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=8983"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=8983"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=8983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}