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Strong mass volume and VIP hold at Solaire boost Bloomberry revenue, profit in 2Q19
August 9, 2019
Bloomberry Resorts Corporation continues to break its own records, with Consolidated EBITDA hitting a new high of Php5.0 billion (US$96 million) in 2Q19 thanks to higher VIP hold and record levels of mass table drop and EGM coin-in at its Philippines IR, Solaire Resort & Casino.

Solaire's gross gaming revenue for the quarter grew 19% year-on-year to Php14.62 billion (US$281 million) thanks largely to good luck in VIP. Although VIP volume decreased 5% to Php177.05 billion, revenue rose 33% to Php6.18 billion on the back of a 3.49% hold rate - up from 2.49% in 2Q18.

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Steelman Partners is consistently ranked as one of the top 300 largest architectural firms by Architectural Record Magazine and is on Engineering News-Record's Top 500 Design Firm list.

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