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Bloomberry Resorts Corporation, the operator behind Solaire, reported a net loss of PHP 1.4 billion in the second quarter ended June 30, 2025—a marked downturn from the PHP 1.3 billion profit registered in the same period last year. The decline was attributed to persistent softness in the VIP and premium mass gaming segments, along with elevated costs tied to its newly launched domestic online gaming platform, MegaFUNalo!.

Group-wide gross gaming revenue (GGR) slipped by 1% year-on-year to PHP 14.3 billion, though Solaire Resort Entertainment City (SEC) experienced a much sharper contraction. There, GGR plunged 27% to PHP 9.8 billion, reflecting a steep 46% drop in VIP rolling chip volume and a 23% decline in mass table drop. Slot machine or EGM coin-in fell by a lesser 12%.

In contrast, Solaire Resort North (SN) showed a more hopeful trajectory: GGR surged from PHP 1.1 billion a year earlier to PHP 4.5 billion, thanks to improved mass table and EGM performance. EBITDA at SN climbed to PHP 1.1 billion from PHP 250.1 million, while SEC’s EBITDA tumbled 61% to PHP 1.7 billion, dragging the group’s consolidated EBITDA down 30% to PHP 2.5 billion.

Reflecting on these results, Bloomberry Chairman and CEO Enrique Razon Jr. observed that, “It was a challenging second quarter for Bloomberry as softness persisted in Solaire Entertainment City’s VIP and premium mass segments. However, Solaire North saw further growth as mass gaming volumes and non-gaming revenue increased over the previous quarter.” He also emphasized the promise of the company’s digital pivot, adding, “Last June, our new online platform MegaFUNalo! was made available to the public on a soft‑launch basis. In the coming months, we will introduce more content and enhancements to the platform that will strengthen its competitiveness.”

While the downturn at SEC highlights vulnerability in premium VIP offerings, the robust performance at Solaire North and growing non-gaming revenue suggest that Bloomberry’s geographic expansion strategy is beginning to bear fruit. Meanwhile, its foray into online gaming represents both an opportunity and a financial burden in equal measure—offering long-term scaling potential but also adding to the cost base during this developmental phase.