Skip to main content

Posts

Showing posts with the label #BLOOM

Razon’s Bloomberry Posts Loss After VIP, Mass Gaming Weakness

  VIP weakness and softer mass play dragged first-quarter gaming revenue lower, while margin compression pushed the casino operator into a quarterly loss Bloomberry Resorts Corp. opened 2026 with a reminder that even a larger casino footprint does not fully shield an operator from a downturn in gaming demand. The Enrique Razon-led casino operator reported a 12.6% year-on-year decline in consolidated gross gaming revenue to ₱14.67 billion in the first quarter, as VIP and mass-market activity weakened across its Philippine gaming floors. Philippine VIP rolling chip volume fell 39.7% , mass table drop declined 9.9% , and slot coin-in slipped 9.6% , underscoring a broad slowdown in casino play rather than a single-segment softness.  The decline pushed Bloomberry into a materially weaker earnings position. Consolidated EBITDA dropped 32.0% to ₱2.98 billion , while EBITDA margin narrowed to 22.7% from 30.5% a year earlier. Net income swung to a ₱125.0 million loss , compared with ...