Bloomberry Resorts Corporation, owner of Solaire Resort & Casino and Jeju Sun Hotel & Casino, reported a turnaround with an unaudited consolidated net income of P2.5 billion in the first six months of 2022 from its net loss of P1.9 billion in the same period last year.
Revenues jumped 110 percent to P10 billion in the second quarter and 68 percent to P17.2 billion in the first semester of 2022.“Our performance in the second quarter indicates a sustained recovery in all segments of our Philippine operations. Strong demand from the domestic mass market is pushing revenues closer to pre-pandemic levels and spurring the continued improvement of EBITDA and net income,” said Bloomberry Chairman and CEO Enrique K. Razon Jr.
Gross gaming revenues at Solaire in the first half was P22.0 billion, 76 percent higher than the P12.6 billion recorded in the first half of 2021.
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