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Strong mass volume and VIP hold at Solaire boost Bloomberry revenue, profit in 2Q19

August 9, 2019
Strong mass volume and VIP hold at Solaire boost Bloomberry revenue, profit in 2Q19
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 continuously ranked as one of the largest architectural firms by Architectural Record Magazine and on Engineering News-Record's Top 500 Design Firm list. Created in 1987, this successful firm specializes in designing profitable entertainment based projects.

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