{"id":94,"date":"2024-06-13T21:02:45","date_gmt":"2024-06-13T18:02:45","guid":{"rendered":"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/2024\/06\/13\/bloomberry-resorts-sees-q1-profit-dip-amidst-solaire-north-anticipation\/"},"modified":"2024-06-17T13:16:07","modified_gmt":"2024-06-17T10:16:07","slug":"bloomberry-resorts-sees-q1-profit-dip-amidst-solaire-north-anticipation","status":"publish","type":"post","link":"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/2024\/06\/13\/bloomberry-resorts-sees-q1-profit-dip-amidst-solaire-north-anticipation\/","title":{"rendered":"Bloomberry Resorts Sees Q1 Profit Dip Amidst Solaire North Anticipation"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\" src=\"https:\/\/www.youtube.com\/embed\/e2c6Id6q8BY\" frameborder=\"0\" allowfullscreen><br>\n<\/iframe><\/p>\n<p>Bloomberry Resorts, the corporation responsible for the Philippines\u2019 Solaire Resort and Casino and Jeju Sun Hotel &amp; Casino, experienced a decline in profits during the initial quarter of 2024. Their reported net earnings were approximately $44 million, reflecting an 11% reduction compared to the corresponding period in the preceding year.<\/p>\n<p>Enrique Razon Jr., the company\u2019s chairman and CEO, ascribed this decrease to diminished earnings in both VIP and mass-market table games. Nevertheless, he emphasized that the company\u2019s performance is not as unfavorable as it appears. When excluding the nearly $50 million in pre-opening expenditures for the forthcoming Solaire Resort North, net income only exhibited a marginal 3% decrease.<\/p>\n<p>Furthermore, there\u2019s encouraging news: although table games faced challenges, slot machines flourished, generating a 24% surge in revenue compared to the previous year. This upswing in local demand is a positive indicator for the new Solaire Resort North, slated to commence operations on May 25th. This new establishment is strategically designed to prioritize slot machines and augment mass-market table game offerings, signaling Bloomberry\u2019s ambitious expansion strategies.<\/p>\n<p>Examining Solaire\u2019s performance specifically, VIP gambling turnover experienced a significant drop of 36%, reaching 10.69 billion Philippine pesos. Mass-market table games also witnessed an 8% revenue reduction. Conversely, electronic gaming machines demonstrated a 17% rise in coin-in. In aggregate, Solaire\u2019s gross gaming revenue (GGR) underwent an 8% decline. <\/p>\n<p>Although slot machine income remained robust, diminished returns from high-roller and general gaming tables resulted in Bloomberry Resorts Corp achieving a first-quarter gross gaming revenue of PHP 8 billion. <\/p>\n<p>This signifies a 5% reduction compared to the same period last year, but a 7% rise from the preceding quarter. The corporation, managing Solaire Resort &amp; Casino in Manila and Jeju Sun Hotel &amp; Casino in South Korea, experienced a 3% year-over-year decline in net income for the quarter, settling at PHP 12.5 billion. <\/p>\n<p>Nevertheless, this also constitutes a 5% improvement over the final quarter of 2023. Jeju Sun witnessed its gross gaming revenue climb to PHP 15.6 million, a significant leap from PHP 1.2 million the prior quarter. <\/p>\n<p>Bloomberry\u2019s revenue streams outside of gaming saw a marginal uptick, reaching PHP 2.2 billion, marking a 4% year-on-year growth. This was primarily fueled by a 2% expansion in non-gaming revenue at Solaire, which hit PHP 2.1 billion. <\/p>\n<p>Operational costs escalated by 5% year-on-year, totaling PHP 7.6 billion, attributed to elevated salary and administrative expenditures. The company\u2019s earnings before interest, taxes, depreciation, and amortization (EBITDA) contracted by 14% year-on-year to PHP 4.9 billion. <\/p>\n<p>Discounting pre-opening expenditures, EBITDA stood at PHP 5.2 billion, reflecting a 10% year-on-year decrease. Earnings per share dipped to PHP 0.231 from PHP 0.276 in the corresponding period last year.<\/p>\n<p>As of March 31, 2024, Bloomberry declared a consolidated cash holding of PHP 45.9 billion and an aggregate outstanding long-term debt of PHP 101.1 billion. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberry Resorts, the corporation responsible for the Philippines\u2019 Solaire Resort and Casino and Jeju Sun Hotel &amp; Casino, experienced a decline in profits during the initial quarter of 2024. Their reported net earnings were approximately $44 million, reflecting an 11% reduction compared to the corresponding period in the preceding year. Enrique Razon Jr., the company\u2019s [&hellip;]<\/p>\n","protected":false},"author":67,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bloomberry Resorts Q1 Profits Dip: What<\/title>\n<meta name=\"description\" content=\"Bloomberry Resorts, the powerhouse behind Solaire Resort and Casino, saw profits drop in early 2024. Is this a blip or a trend? Dive in to see why their earnings took a hit.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/2024\/06\/13\/bloomberry-resorts-sees-q1-profit-dip-amidst-solaire-north-anticipation\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bloomberry Resorts Sees Q1 Profit Dip Amidst Solaire North Anticipation\" \/>\n<meta property=\"og:description\" content=\"Bloomberry Resorts, the powerhouse behind Solaire Resort and Casino, saw profits drop in early 2024. Is this a blip or a trend? Dive in to see why their earnings took a hit.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/2024\/06\/13\/bloomberry-resorts-sees-q1-profit-dip-amidst-solaire-north-anticipation\/\" \/>\n<meta property=\"og:site_name\" content=\"Unleash Your Winning Spirit at Our Licensed Online Casino\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-13T18:02:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-17T10:16:07+00:00\" \/>\n<meta name=\"author\" content=\"Aaliyah &quot;Aether&quot; Vaughn\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Aaliyah &quot;Aether&quot; Vaughn\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/2024\/06\/13\/bloomberry-resorts-sees-q1-profit-dip-amidst-solaire-north-anticipation\/\",\"url\":\"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/2024\/06\/13\/bloomberry-resorts-sees-q1-profit-dip-amidst-solaire-north-anticipation\/\",\"name\":\"Bloomberry Resorts Q1 Profits Dip: What\",\"isPartOf\":{\"@id\":\"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/#website\"},\"datePublished\":\"2024-06-13T18:02:45+00:00\",\"dateModified\":\"2024-06-17T10:16:07+00:00\",\"author\":{\"@id\":\"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/#\/schema\/person\/bd6fbb45c3d65b85a18fc44abde41f9a\"},\"description\":\"Bloomberry Resorts, the powerhouse behind Solaire Resort and Casino, saw profits drop in early 2024. Is this a blip or a trend? Dive in to see why their earnings took a hit.\",\"breadcrumb\":{\"@id\":\"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/2024\/06\/13\/bloomberry-resorts-sees-q1-profit-dip-amidst-solaire-north-anticipation\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/2024\/06\/13\/bloomberry-resorts-sees-q1-profit-dip-amidst-solaire-north-anticipation\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/2024\/06\/13\/bloomberry-resorts-sees-q1-profit-dip-amidst-solaire-north-anticipation\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bloomberry Resorts Sees Q1 Profit Dip Amidst Solaire North Anticipation\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/#website\",\"url\":\"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/\",\"name\":\"Unleash Your Winning Spirit at Our Licensed Online Casino\",\"description\":\"Explore the dynamic world of online gambling with our up-to-date news, in-depth reviews, and expert articles. Our licensed casino is your ultimate gaming resource.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/#\/schema\/person\/bd6fbb45c3d65b85a18fc44abde41f9a\",\"name\":\"Aaliyah \\\"Aether\\\" Vaughn\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/wp-content\/uploads\/sites\/71\/2024\/06\/man-avatar-96x96.png\",\"contentUrl\":\"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/wp-content\/uploads\/sites\/71\/2024\/06\/man-avatar-96x96.png\",\"caption\":\"Aaliyah \\\"Aether\\\" Vaughn\"},\"description\":\"With a Master's degree in Topology and a Bachelor's in Art History, this talented writer has a unique perspective on the aesthetic and spatial dimensions of casino architecture and design and their role in shaping the gambling experience and the cultural identity of casino destinations. They have expertise in algebraic topology, architectural criticism, and cultural heritage studies, which they apply to the analysis of the form, function, and symbolism of casino spaces and the development of strategies to preserve and celebrate the artistic and cultural legacy of gambling. Their articles and reviews provide readers with an artistic and cultural perspective on the casino industry and the strategies used to create memorable and meaningful gambling environments.\",\"url\":\"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/author\/ytiuhfjdn1234\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Bloomberry Resorts Q1 Profits Dip: What","description":"Bloomberry Resorts, the powerhouse behind Solaire Resort and Casino, saw profits drop in early 2024. Is this a blip or a trend? Dive in to see why their earnings took a hit.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/2024\/06\/13\/bloomberry-resorts-sees-q1-profit-dip-amidst-solaire-north-anticipation\/","og_locale":"en_GB","og_type":"article","og_title":"Bloomberry Resorts Sees Q1 Profit Dip Amidst Solaire North Anticipation","og_description":"Bloomberry Resorts, the powerhouse behind Solaire Resort and Casino, saw profits drop in early 2024. Is this a blip or a trend? Dive in to see why their earnings took a hit.","og_url":"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/2024\/06\/13\/bloomberry-resorts-sees-q1-profit-dip-amidst-solaire-north-anticipation\/","og_site_name":"Unleash Your Winning Spirit at Our Licensed Online Casino","article_published_time":"2024-06-13T18:02:45+00:00","article_modified_time":"2024-06-17T10:16:07+00:00","author":"Aaliyah \"Aether\" Vaughn","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Aaliyah \"Aether\" Vaughn","Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/2024\/06\/13\/bloomberry-resorts-sees-q1-profit-dip-amidst-solaire-north-anticipation\/","url":"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/2024\/06\/13\/bloomberry-resorts-sees-q1-profit-dip-amidst-solaire-north-anticipation\/","name":"Bloomberry Resorts Q1 Profits Dip: What","isPartOf":{"@id":"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/#website"},"datePublished":"2024-06-13T18:02:45+00:00","dateModified":"2024-06-17T10:16:07+00:00","author":{"@id":"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/#\/schema\/person\/bd6fbb45c3d65b85a18fc44abde41f9a"},"description":"Bloomberry Resorts, the powerhouse behind Solaire Resort and Casino, saw profits drop in early 2024. Is this a blip or a trend? Dive in to see why their earnings took a hit.","breadcrumb":{"@id":"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/2024\/06\/13\/bloomberry-resorts-sees-q1-profit-dip-amidst-solaire-north-anticipation\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/2024\/06\/13\/bloomberry-resorts-sees-q1-profit-dip-amidst-solaire-north-anticipation\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/2024\/06\/13\/bloomberry-resorts-sees-q1-profit-dip-amidst-solaire-north-anticipation\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Homepage","item":"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/"},{"@type":"ListItem","position":2,"name":"Bloomberry Resorts Sees Q1 Profit Dip Amidst Solaire North Anticipation"}]},{"@type":"WebSite","@id":"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/#website","url":"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/","name":"Unleash Your Winning Spirit at Our Licensed Online Casino","description":"Explore the dynamic world of online gambling with our up-to-date news, in-depth reviews, and expert articles. Our licensed casino is your ultimate gaming resource.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/#\/schema\/person\/bd6fbb45c3d65b85a18fc44abde41f9a","name":"Aaliyah \"Aether\" Vaughn","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/#\/schema\/person\/image\/","url":"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/wp-content\/uploads\/sites\/71\/2024\/06\/man-avatar-96x96.png","contentUrl":"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/wp-content\/uploads\/sites\/71\/2024\/06\/man-avatar-96x96.png","caption":"Aaliyah \"Aether\" Vaughn"},"description":"With a Master's degree in Topology and a Bachelor's in Art History, this talented writer has a unique perspective on the aesthetic and spatial dimensions of casino architecture and design and their role in shaping the gambling experience and the cultural identity of casino destinations. They have expertise in algebraic topology, architectural criticism, and cultural heritage studies, which they apply to the analysis of the form, function, and symbolism of casino spaces and the development of strategies to preserve and celebrate the artistic and cultural legacy of gambling. Their articles and reviews provide readers with an artistic and cultural perspective on the casino industry and the strategies used to create memorable and meaningful gambling environments.","url":"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/author\/ytiuhfjdn1234\/"}]}},"_links":{"self":[{"href":"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/wp-json\/wp\/v2\/posts\/94"}],"collection":[{"href":"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/wp-json\/wp\/v2\/comments?post=94"}],"version-history":[{"count":1,"href":"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/wp-json\/wp\/v2\/posts\/94\/revisions"}],"predecessor-version":[{"id":123,"href":"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/wp-json\/wp\/v2\/posts\/94\/revisions\/123"}],"wp:attachment":[{"href":"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/wp-json\/wp\/v2\/media?parent=94"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/wp-json\/wp\/v2\/categories?post=94"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/wp-json\/wp\/v2\/tags?post=94"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}