Bloomberry Resorts Reports 39% Drop in Earnings Due to Weaker VIP Gaming Segment in 2025

Bloomberry Resorts Corporation, the company that owns and operates Solaire Resort Entertainment City and Solaire Resort North in the Philippines, has released its financial results for 2025. According to the press release filed with the Philippine Stock Exchange on March 5, 2026, the company experienced a challenging year.

What Happened to Bloomberry’s Business?

Think of Bloomberry like a big entertainment business that runs fancy casino resorts. In 2025, they earned less money than the year before, mainly because fewer big-spending customers (called VIP and premium mass players) came to their casinos.

Here are the key numbers in simple terms:

Gaming Revenue: The company made P59.8 billion from its casino games in 2025, which is 3% less than the P61.7 billion they made in 2024
EBITDA (a measure of profit): This dropped significantly by 39% to P10.2 billion from P16.6 billion the previous year
Bottom Line: Instead of making a profit like they did in 2024 (P2.6 billion), the company lost P2.6 billion in 2025

Why Did This Happen?

According to the company’s Chairman and CEO, Enrique K. Razon Jr., several factors hurt their business:

Some Good News: Solaire Resort North

While their original resort (Solaire Entertainment City) struggled with a 23% drop in gaming revenue, their newer resort called Solaire Resort North helped soften the blow. This property, which opened on May 25, 2024, generated P18.5 billion in gaming revenue for 2025—that’s 120% more than what it made in its first 221 operating days in 2024.

The combined performance of regular table games and slot machines across both properties actually grew by 12%, showing that everyday customers (not just big spenders) continued to visit their casinos.

Breaking Down the Two Main Properties

Solaire Resort Entertainment City:

Gaming revenue: P41.2 billion (down 23% from 2024)
Profit (EBITDA): P7.1 billion (down 59% from 2024)
The property was hurt by P1.9 billion in operating expenses for their new online platform, MegaFUNalo

Solaire Resort North:

Gaming revenue: P18.5 billion (up 120% from its partial 2024 operations)
Profit (EBITDA): P3.8 billion
Hotel occupancy improved to 66.1%, up from 55.9% in 2024

What About Their Other Business?

The company also earned P12.9 billion from non-gaming activities like hotels, restaurants, and entertainment—this was actually 21% higher than 2024, showing that people still wanted to visit their resorts even if they weren’t gambling as much.

Fourth Quarter 2025 Performance

The last three months of 2025 (October to December) were particularly tough. Gaming revenue fell 13% compared to the same period in 2024, and the company’s EBITDA dropped 67% to just P1.3 billion. The company recorded a net loss of P2.8 billion in this quarter.

Company’s Financial Position

As of December 31, 2025, Bloomberry had:

Cash and cash equivalents: P26.5 billion
Total debt: P105.4 billion
Total equity: P59.2 billion

The company did refinance some of its debt in October 2024 and February 2025, which the CEO said should help save money as interest rates continue to decrease.

About Bloomberry Resorts Corporation

Bloomberry Resorts Corporation trades on the Philippine Stock Exchange under the ticker symbol BLOOM. As of the filing date, the company has 11,488,557,907 shares outstanding. The company develops and operates luxury casino resorts in the Philippines and South Korea. Besides its physical properties, Bloomberry also operates digital gaming platforms including Solaire Online and MegaFUNalo.

The company’s main properties include Solaire Resort Entertainment City and Solaire Resort North in the Philippines, and Jeju Sun Hotel & Casino in South Korea. According to the press release, the company completed the sale of its casino operations at Jeju Sun on March 4, 2026.

Source Note:

This article is based on the company’s official press release and disclosures filed with the Philippine Stock Exchange’s Electronic Disclosure Generation Technology (PSE EDGE) system. For the complete and official version of the announcement, readers may visit the PSE EDGE website and search for the company’s filing directly.