Bloomberry reports 73% profit surge in first quarter

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Bloomberry Resorts Corp reported a 73% increase in attributable profit for the first three months of 2018, boosted by record volumes in both mass gaming and VIP gaming segments.

The owner and operator of Solaire Resorts and Casino in Manila and Jeju Sun Hotel & Casino in Korea booked a net income attributable to equity holders of the parent of P3.7 billion in the first quarter, higher than the P2.14 billion posted in the same period a year earlier, according to a regulatory filing disclosed Tuesday, May 8.


“We are off to a good start. Our fundamentals are solid, our cost optimization initiatives are working, so we should be on track to making this a banner year,” Bloomberry Chairman and Chief Executive Officer Enrique K. Razon, Jr. said in a statement. — Arra B. Francia