Hotel and casino operator Bloomberry Resorts Corp. reported a net loss of P2.6 billion in 2025, a sharp reversal from its P2.6-billion net income in 2024, as a downturn in VIP and premium mass gaming segments hurt its bottom line.
Gross gaming revenue (GGR) dropped 3 percent to P59.8 billion from P61.7 billion the previous year. The company attributed the decline to broader weakness in high-end gaming across the domestic industry, but the impact was partially mitigated by the growth of Solaire Resort North.
The new property helped boost combined mass table game and electronic gaming machine performance by 12 percent across the company’s portfolio.
Bloomberry chairman and chief executive Enrique Razon Jr. said 2025 was a challenging year due to softer inbound tourism and the lingering impact of the 2024 ban on Philippine offshore gaming operators, which dampened VIP and premium mass gaming demand.
“Regulatory uncertainty in the online space also tempered Bloomberry’s rollout of its newest digital gaming platform,” the company said in its report.
While gaming struggled, non-gaming and other revenues grew 21 percent to P12.9 billion. However, gaming operations at the flagship Solaire Resort Entertainment City remained under pressure, with GGR falling 23 percent to P41.2 billion and EBITDA declining 59 percent to P7.1 billion.
The company cited lower gaming volumes and costs related to the MegaFUNalo online platform for the decline.
Solaire Resort North generated P18.5 billion in GGR, a 120-percent increase from P8.4 billion in 2024. Its non-gaming revenue also surged 125 percent to P4.2 billion. The overall annual loss was also softened by a one-time, non-cash refinancing gain of P2.9 billion.
For the fourth quarter, Bloomberry posted a net loss of P2.8 billion, wider than the P920.2-million loss recorded in the same period of 2024. Quarterly GGR fell 13 percent to P14.1 billion.
To stabilize performance, Razon said the company is implementing cost management measures and resort enhancements while refining its digital strategy.
“We anticipate further gains from these initiatives in 2026,” Razon said.
