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Bloomberry Resorts Corporation reports 50% increase in Q4 2021 GGR

Bloomberry Resorts Corporation has reported total gross gaming revenue (GGR) at Solaire of Php8bn ($153m) for the fourth quarter of 2021, a 50% increase from the prior-year period.

bloomberry results

It is also a 13% increase from the previous quarter. Mass tables and electronic gaming machine (EGM) GGR increased by 63% and 42% respectively year-on-year, with both increasing sequentially by 19% and 30% respectively.

Consolidated EBITDA reached Php1.9bn, compared to Php129m in the prior-year period.

The group also reported its FY2021 results, with GGR at Solaire reaching Php27.6bn, a 22% increase from 2020.

EBITDA climbed by 256% to Php5.2bn, with consolidated cash and cash equivalents totalling Php25.2bn as of 31 December 2021.

The group reported a net loss of Php4.2bn, compared to a net loss of Php8.3bn in 2020.

Solaire’s VIP GGR amounted to Php6.7bn, a 16% decline year-on-year. Mass tables and EGM GGR reached Php11.3bn and Php9.5bn respectively, increasing 54% and 32% respectively year-on-year.

“The year 2021 demonstrated the resilience of our business amidst a pandemic characterised by a slowly recovering economy and the absence of tourism,” said Bloomberry Chairman and CEO Enrique K. Razon Jr.

“Compared to 2020, it was a better year for Bloomberry as it was propped up by the domestic patronage which grew our mass gaming revenues by 43% and EBITDA by 265%. While we look forward to better days ahead, we remain equipped to operate under challenging circumstances if they materialise.

“Even as Covid-19 restrictions are eased around the world, Bloomberry will continue to uphold its market-leading health standards for the safety of both guests and team members.”


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