Bloomberry said nine-month gross gaming revenues rose 23 percent to P34.57 billion year-on-year, driven by record VIP volume, mass table drop and electronic gaming machine coin-in. Jeju Sun Hotel & Casino, the company’s hotel business in South Korea, also contributed to the growth with gross gaming revenues surging 122 percent and contributing P324 million. Despite increased competition, Solaire’s VIP gross gaming revenues rose 23 percent to P16.743 billion while mass table drop increased 22 percent to P27.08 billion. Bloomberry booked a net income of P1.9 billion in the third quarter, up 31 percent a year ago, on consolidated gross gaming revenues of P11.64 billion, an increase of 18 percent. The company is expected to start developing its second hotel and casino project in Quezon City next year.

Source: The Standard November 09, 2017 13:41 UTC