Tag Archives: Bloomberry Resorts
- Chinese tourists lift Bloomberry Q2 profit
August 10, 2017
Philippine-listed casino operator Bloomberry Resorts is riding high on the influx of Chinese tourists to the country as reflected in its second quarter earnings report. Bloomberry said in a filing with the Philippine Stock Exchange that its net income during the April to June 2017 period rose 47 percent to...
- Strong VIP segment lifts Bloomberry Q1 net profit
May 16, 2017
Philippine casino operator Bloomberry Resorts Corp.’s net profit jumped to PHP2.15 billion (US$43.27 million) in the first quarter on the back of record VIP volume. Bloomberry announced that the company managed to reverse the PHP1.16 billion ($23.35 million) net loss it incurred in the same period last year, thanks to...
- Informal settlers block Bloomberry from developing second casino
April 24, 2017
Casino operator Bloomberry Resorts is pushing back its plans to build a second casino in the Philippines because the property where it will stand has yet to be cleared of informal settlers. The company has been eyeing to develop a “mixed-use” complex with a hotel and casino on a 1.5...
- Bloomberry swings to US$46M profit in 2016
March 24, 2017
Higher gaming revenue and improved hotel occupancy helped Philippine-listed casino operator Bloomberry Resorts Corp. claw its way back to profitability, raking a Php2.32 billion (US$46.07 million) net profit in 2016. Bloomberry’s 2016 profit was a sharp turnaround from the P3.37-billion ($66.92 million) net loss it registered in 2015. In a...
- Philippines casino sector has fighting chance to topple Singapore, says Bloomberry exec
March 17, 2017
The Philippine casino sector may give Singapore a run for its money due to improved tourism figures and infrastructure in the country. Bloomberry Resorts Corp. Enrique Razon painted a rosy outlook for the Philippines on Friday, as he believes that the country may able to surpass Singapore as a gambling...
- Honor Bloomberry compromise deal, court tells City of Dreams
March 13, 2017
City of Dreams operator MCE Leisure (Philippines) Corporation cannot hire newly resigned staff of Bloomberry Resorts and Hotels, Inc., the Philippines’ Court of Appeals (CA) has ruled. BusinessWorld reported that the appellate court barred MCE Leisure from hiring Bloomberry employees within six months to one year from their resignation as...
Okada Manila eyes Philippine backdoor listing
May 2, 2017