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Solaire North boosts Bloomberry gaming revenue
Manila Bulletin
|May 15, 2025
The table has turned for billionaire Enrique K. Razon’s integrated gaming resorts owner and operator Bloomberry Resorts Corp., as gains from Solaire North have put it back on a growth trajectory even before the launch of its new online gaming platform.
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The firm reported a 26-percent growth in consolidated net income to P3.3 billion for the first quarter of 2025, from the P2.6 billion earned in the same period last year.
Adjusting for the net impact of the P2.9-billion one-time, non-cash gain resulting from the refinancing of the P40-billion syndicated loan facility last February, net income would have been P445.8 million, lower by 83 percent year-over-year.
“In the first quarter of 2025, Bloomberry’s gross gaming revenue (GGR) expanded by 14 percent year-over-year,” said Bloomberry Chairman and Chief Executive Officer (CEO) Razon.
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