Bloomberry Resorts’ net loss reaches $72.8M in 2015
Philippine-listed Bloomberry Resorts Corp.’s reported net loss for 2015 has reached PHP3.375 billion (US$52.8 million).
Philippine-listed Bloomberry Resorts Corp.’s reported net loss for 2015 has reached PHP3.375 billion (US$52.8 million).
Media reports show Asian gaming firms dominating the shortlist to build a casino in the Greek-controlled southern half of Cyprus.
Enrique Razon’s new venture in Korea’s Jeju Island is shutting its doors temporarily.
Despite third quarter losses, Bloomberry boss Enrique Razon remains positive as net loss narrows and gaming revenue grows.
Bloomberry Chairman and CEO Enrique Razon expects the company’s losses will narrow because gaming revenue is growing.
Enrique Razon Bloomberry Resorts has jumped all the way to Argentina for his second overseas casino venture.
Philippine casinos are on a losing streak but PAGCOR remains bullish as gaming revenues in the country are still going up.
Bloomberry Resorts incurred a net loss of PHP1.3b in the first six months on higher expenses at its Solaire Resort and Casino.
The casino resort has reportedly laid off some of its employees less than a year after it opened in December 2014.
Philippine Amusement and Gaming Corporation (PAGCOR) projected a 20% increase in Philippine casino gaming revenue to $3b in 2015.