Content Writer: Janice Chew • Wednesday, 25/11/2025 - 20:40:05 - PM
In the three months ending 30 September 2025, Bloomberry Resorts Corporation reported a net loss of PHP 1.7 billion (about US $28.8 million), largely attributed to a decline in high-end gaming revenues and a weaker VIP hold at its flagship property Solaire Resort Entertainment City.
The company’s consolidated gross gaming revenue (GGR) fell by 10% year-on-year to PHP 14.6 billion (approximately US $247 million). At Solaire Resort Entertainment City specifically, GGR dropped 21% to PHP 10.0 billion (US $170 million) as the VIP rolling chip volume slumped 34% to PHP 72.0 billion (US $1.22 billion) and the VIP hold rate fell to 2.25% from 3.30% in the same quarter a year ago.
The mass table segment and electronic gaming machine (EGM) business also took hits. Mass table drop at Solaire Entertainment City declined 18% to PHP 8.6 billion (US $146 million) with GGR down 14% to PHP 3.9 billion (US $66.1 million). Meanwhile, coin-in for EGMs fell 9% but GGR edged up slightly by 0.5% to PHP 4.5 billion (US $76.3 million). Non-gaming revenue improved 7% to PHP 2.1 billion (US $35.6 million).
On a positive note, Bloomberry’s newer property Solaire Resort North in Quezon City showed stronger growth, with GGR up 25% year-on-year to PHP 4.6 billion (US $78.0 million) and property EBITDA up 19% to PHP 787.6 million (US $13.4 million). However, this was not enough to offset the sharper declines at Entertainment City. Going forward, the firm is also investing in its online gaming platform “MegaFUNalo!”, though this is still ramping and contributing to higher costs.
In summary, Bloomberry’s 3Q25 results reflect the ongoing pressures in the VIP and premium mass gaming segments within the Philippines, particularly at its flagship resort. While expansion in the mass segment and non-gaming diversification provide some relief, the magnitude of the VIP downturn and the lower hold rate present clear headwinds for profitability in the near term.