Bloomberry Resorts Corporation has reported a net loss of PHP 1.7bn ($28.98m) for the third quarter of 2025, widening from PHP 470m a year earlier.
The decline was driven by lower international high roller activity, weaker VIP and premium mass segments and higher operating expenses linked to its expanding online gaming business.
Gross gaming revenue (GGR) fell 10% year-on-year to PHP 14.6bn. Non-gaming and other revenue, however, increased 21% to PHP 3.3bn, supported by higher contributions from Solaire Entertainment City, Solaire North, and the Jeju Sun property in South Korea.
Chairman and CEO Enrique Razon Jr. said the quarter mirrored the first half of the year, with continued softness in international play offset by robust domestic performance.
Razon Jr. commented: "Our consolidated EBITDA declined due to ongoing softness in international high roller activity and increased expenses from the rollout of our online gaming services."
At Solaire Resort & Casino in Entertainment City, GGR dropped 20.6% to PHP 10bn, while EBITDA fell sharply to PHP 1.24bn from PHP 3.59bn.
The decline was led by a 34% fall in VIP rolling chip volume to PHP 72.1bn and a 17.9% drop in mass table drop to PHP 8.65bn.
Electronic gaming machine coin-in also declined 8.7% to PHP 77.6bn.
In contrast, the recently launched Solaire North in Quezon City posted strong gains. GGR rose 25% to nearly PHP 4.61bn, with EBITDA up 19% to PHP 787.6m. VIP rolling chip volume grew to PHP 4.9bn, more than double the previous year, while mass table drop climbed 4.9% to PHP 6.67bn.
For the first nine months of 2025, Bloomberry reported net income of PHP 160m, down sharply from PHP 3.5bn, with consolidated GGR nearly flat at PHP 45.7bn.
Total liabilities as of September 30 stood at PHP 131.35bn, 4.7% lower than at the end of 2024, reflecting repayment and balance sheet adjustments.
In October 2025, Bloomberry signed a Share Purchase Agreement to divest its South Korean operations as it shifts attention to its core Philippine portfolio, including Solaire Entertainment City and Solaire North.
The company also continues to expand its online presence through the MegaFUNalo platform, which soft-launched earlier this year amid ongoing regulatory developments.
Bloomberry is progressing with the sale of its Jeju Sun Hotel & Casino in South Korea to Gangwon Blue Mountain Co
