Bloomberry Resorts Corp. posted a net loss of P1.7 billion in the third quarter of 2025, widening from a P470.2-million loss a year ago, as weaker international high-roller activity and higher online gaming expenses weighed on earnings despite strong local market performance.
Chairman and Chief Executive Officer Enrique K. Razon Jr. said local demand remained “solid,” led by Solaire Resort North’s domestic-focused operations, which saw gaming revenue surge 25 percent and resort revenue jump 58 percent year-on-year. However, the softness in VIP and premium mass segments continued to drag group results.
Consolidated gross gaming revenue slipped 10 percent to P14.6 billion from P16.3 billion, while net revenue fell 8 percent to P12.7 billion. EBITDA tumbled 53 percent to P1.9 billion, reflecting lower high-roller volumes and increased costs tied to the rollout of the company’s MegaFUNalo online gaming platform.
Operating expenses rose 11 percent to P10.7 billion due to higher promotions, cost of sales, and outside services. MegaFUNalo alone accounted for P684.8 million in third-quarter costs.
Solaire Resort Entertainment City’s gross gaming revenue plunged 21 percent to P10 billion amid weak VIP play, while Solaire Resort North delivered a bright spot, growing GGR by 25 percent to P4.6 billion in its first full quarter of operations. Non-gaming revenues climbed 21 percent to P3.3 billion, buoyed by stronger hospitality and retail business.
For the first nine months of 2025, Bloomberry’s net income fell 95 percent to P160.1 million from P3.5 billion last year. Razon said the company remains focused on optimizing its mix between mass-market gaming, integrated resort growth, and its gradually expanding digital operations.
