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Bloomberry net profit slumps 38% after slowdown in tourism, gaming

BLOOMBERRY Resorts Corp. (Bloomberry), the listed operator of Solaire Resort & Casino (Solaire), posted a 38% profit drop in the first quarter as measures to counter the coronavirus pandemic led to a decline in tourism and the suspension of gaming activities.

ICTSI, Bloomberry start mass-testing 2,500 employees

RAZON-LED firms International Container Terminal Services, Inc. (ICTSI) and Bloomberry Resorts Corp.’s Solaire Resort & Casino said they have started testing their employees for the coronavirus disease 2019 (COVID-19).

Bloomberry considers other investments

RAZON-LED Bloomberry Resorts Corp. is looking to expand its investments in the future after the value of its shares at the stock exchange dropped since the implementation of a Luzon lockdown.

Bloomberry bid to drop arbitration award rejected

THE Singapore High Court has dismissed the petition of Bloomberry Resorts Corp.’s (BRC) subsidiaries to set aside the enforcement of the partial award given by an arbitration tribunal in favor of companies whose management contract was terminated.

VIP, mass gaming segments drive Bloomberry’s Q3 profit surge

BLOOMBERRY Resorts Corp. reported its attributable net income surged 246% to P3.92 billion in the three months ending September, on continued growth in gaming revenues.

Bloomberry ordered to pay $100M in damages to GGAM

A SINGAPORE-BASED tribunal has ordered Bloomberry Resorts Corp. to pay over $100 million (P5.2 billion) to Global Gaming Asset Management Philippines (GGAM) as damages for lost management fees for the termination of its management services in 2013 and other costs, and to buy back about P10.17 billion worth of its shares held by GGAM.

Bloomberry earnings hit P2.5B in Q2 on higher revenues from VIPs

BLOOMBERRY Resorts Corp. grew its attributable profit by half in the second quarter, thanks to a rise in gaming revenues from the high roller segment.

Bloomberry sets up cruise terminal subsidiary

BLOOMBERRY Resorts Corp. said it has established a new subsidiary to handle its cruise terminal business.

Bloomberry, ICTSI face headwinds — Razon

THE founder of Bloomberry Resorts Corp. and International Container Terminal Services, Inc. (ICTSI), the Philippines’ best-performing stocks this year, said key parts of his businesses are facing headwinds.

Solaire operator nets P7.2 billion in 2018

BLOOMBERRY Resorts Corp. grew its attributable profit by 18% in 2018, driven by higher revenues across both gaming and non-gaming segments.

Bloomberry unit says it was a victim, not complicit in cyberheist

A UNIT of Bloomberry Resort Corp. said it will defend itself in court, after it was named one of the defendants in the case filed by the Bangladesh central bank in Manhattan in connection with the $81-million cyberheist in 2016.

Bloomberry units ink P40-B loan deal for Quezon City casino-resort

UNITS of Bloomberry Resorts Corp. have signed a P40-billion loan agreement with several banks to finance the company’s integrated resort and casino project in Quezon City.

Bloomberry to replace Petron in PSE index

THE 30-member Philippine Stock Exchange index (PSEi) will see the addition of Bloomberry Resorts Corp. starting on Feb. 18, after the bourse operator’s full-year review in 2018.

Bloomberry’s 2nd quarter earnings slump on losses from Jeju hotel

EARNINGS of Bloomberry Resorts Corp. slumped by 17% in the second quarter of 2018, as the company incurred losses from its operations in South Korea coupled with foreign exchange losses.

Razon’s Bloomberry set to start building QC casino by 2019

BLOOMBERRY Resorts Corp. looks to start construction on its casino project in Quezon City by 2019, as it targets the mass market in the north.

Bloomberry unit proposes privately funded Parañaque City dock for cruise ships,...

THE RAZON group’s Sureste Properties, Inc. is proposing to build a $308-million dock for cruise ships in Parañaque City, a project that has been...

Proposal to build Manila cruise port submitted to Malacanang

The Tourism Infrastructure and Enterprise Zone Authority (TIEZA) has submitted to Malacanang a proposal to construct a P308-million Manila cruise port in Paranaque City. In...

Bloomberry reports 73% profit surge in first quarter

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

Pagcor awards Entertainment City parcel to Bloomberry

THE Philippine Amusement and Gaming Corp. (Pagcor) has awarded 16 hectares of land in Entertainment City to a unit of Razon-led Bloomberry Resorts Corp....

Bloomberry earnings soar 161%

Bloomberry Resorts Corp. saw its profits soar by 161% in 2017, driven by record gaming volumes at Solaire Resort and Casino. In a regulatory filing,...