Bloomberry, which operates Solaire Resort Entertainment City and Jeju Sun Hotel and Casino , saw consolidated revenues dip 3 percent year-on-year to P12.5 billion.Excluding P279.5 million in pre-operating expenses related to Solaire Resort North, earnings would have decreased by only 3 percent to P2.9 billion.In a statement, Bloomberry Chairman and CEO Enrique Razon Jr. attributed the first-quarter results to lower VIP and mass table game revenues at Solaire.
'This strong local demand heightens our anticipation for our second property, which will open on May 25,' he added.'By increasing our mass table offerings and effectively doubling our slot machine capacity, Solaire Resort North will put Bloomberry in a prime position to gain market share.'For Solaire Korea's Jeju Sun, GGR stood at P15.6 million in the first quarter of the year, 13 times higher than the preceding quarter's P1.2 million.