Bloomberry Resorts Corporation has reported audited consolidated EBITDA of Php10.2bn ($173m) for full-year 2025, down 39% year-on-year, as softer VIP and premium mass demand weighed on gaming revenue across its Philippine properties.
The operator also posted a net loss of Php2.6bn for the year, against net income of Php2.6bn in 2024.
Gross gaming revenue fell 3% to Php59.8bn, while consolidated net revenue slipped 1% to Php52.5bn. Bloomberry said the decline reflected softer inbound tourism and the residual effects of the July 2024 POGO ban, which weighed on revenues across VIP and premium mass.
At Solaire Resort Entertainment City, gross gaming revenue declined 23% to Php41.2bn. EBITDA at the property fell 59% to Php7.1bn, with results affected by lower gaming revenue and Php1.9bn in operating expenses tied to MegaFUNalo, Bloomberry's online gaming platform.
VIP rolling chip volume at the property fell 37%, while mass table drop declined 19% and electronic gaming machine coin-in was down 10%.
Solaire Resort North partly offset that pressure. The property generated Php18.5bn in gross gaming revenue and Php3.8bn in EBITDA in 2025, its first full year following its May 2024 opening.
Bloomberry said the property's continued ramp-up helped lift combined mass table and electronic gaming machine performance across the two Solaire sites by 12%.
Non-gaming and other revenue rose 21% to Php12.9bn, while cash operating expenses increased 16% to Php42.3bn due to the full-year impact of Solaire Resort North and online platform costs.
Bloomberry also said that regulatory uncertainty in the online space also tempered the rollout of its newest digital platform.
In the fourth quarter, group gross gaming revenue fell 13% to Php14.1bn and EBITDA dropped 67% to Php1.3bn. Bloomberry ended the year with Php26.5bn in cash and cash equivalents and Php105.4bn in outstanding long-term debt.
Earlier this week, Bloomberry completed the spin-off and sale of the Jeju Sun casino business in South Korea, finalizing its exit from direct gaming operations on Jeju Island while retaining the property and hotel assets through its subsidiary.
Bloomberry said Jeju Sun's casino spin-off and sale, previously scheduled to close after a fourth-quarter downpayment, was completed on March 4, 2026
