Scientific Game

Solaire mass market leads Bloomberry to another dominant quarter

Friday, 10 November 2017 04:34
Visit us

Bloomberry Resorts Corporation has seen its 3Q17 profits soar 31% to Php1.9 billion on the back of gaming revenue of Php11.64 billion – the second highest quarter in the company’s history.

Revenue increased by 18% year-on-year as Bloomberry’s flagship Manila property Solaire continued to surge, particularly in the mass market segment where table drop grew 22% and EGM coin-in 38% to hit new record quarterly highs. In 3Q17, Solaire generated Php9.67 billion and Php49.69 billion of mass table drop and EGM coin-in respectively. On a sequential basis, Solaire’s mass gaming segment continued to maintain its momentum with its mass table drop and EGM coin-in growing 7% and 11% respectively. Cumulatively, Solaire’s mass table drop grew 22% to Php27.09 billion while its EGM coin-in grew at 31% to Php136.69 billion.

In the VIP segment, Solaire’s VIP volume grew 6% quarter-on-quarter to post the third highest quarterly volume since its opening in 2013. VIP GGR actually fell 14% sequentially to Php5.38 billion due to a substantial decrease in VIP hold rate to 2.83%, from 3.49% in 2Q17, but rose 14% year-on-year due to a very low 2.16% VIP hold rate in the same period last year. On a cumulative basis, Solaire’s VIP volume grew 10% to Php591.20 billion while its VIP GGR rose 23% to Php16.74 billion.

Bloomberry Chairman and CEO Enrique Razon Jr said, “We continue to grow across all sectors, and hope to see this uptrend continue until the end of the year. Our top line and bottom lines are positive and, despite some minor hiccups, I am confident that 2017 will be a banner year.”

The company’s Korean property, Jeju Sun, booked a 122% year-on-year rise in GGR to Php324 million, reporting its first ever positive quarterly EBITDA.

Group wide, consolidated EBITDA rose 33% year-on-year to Php3.43 billion with consolidated EBITDA for the first nine months of the year up 30% year-on-year to Php10.23 billion. Hold-normalized consolidated EBITDA grew 15% quarter-on-quarter to Php3.44 billion, essentially the same as reported EBITDA due to a near normal 2.83% VIP hold rate.

Bloomberry’s profit for the nine months through 30 September grew 275% to Php5.97 billion.



What's new

“Gambling frenzy” a potential danger for Japan problem gaming policy: expert

“Gambling frenzy” a potential danger for Japan problem gaming policy: expert A global expert on responsible gambling policy has warned that Japan risks inducing dangerous player behaviors, including a potential “gambling frenzy,” if it implements responsible gambling measures based on fear rather than fact. Speaking at the third and final day of the MGS Summit at this y... Friday, 17 November 2017 07:15

New direction, new ambition as IGT sets its sights on Asia

New direction, new ambition as IGT sets its sights on Asia By Ben Blaschke IGT Managing Director Asia-Pacific, Andrew Hely, says the company is well placed to significantly increase its Asian representation following a corporate restructure that has “re-empowered” the region. The global gaming giant unveiled a series of titles at this week’s MGS Ent... Friday, 17 November 2017 07:12

MGS panel clash highlights difficulty in promoting Japan IR message

MGS panel clash highlights difficulty in promoting Japan IR message The difficulties faced by the Japanese government, operators and stakeholders in educating the public on the benefits of integrated resorts were laid bare on Thursday as an off-the-cuff comment by a Japan gaming expert brought a strong rebuke from Aristocrat Managing Director Asia-Pacific, Chris Row... Friday, 17 November 2017 07:08

Wynn Resorts loses bid to avoid Okada ouster trial

Wynn Resorts loses bid to avoid Okada ouster trial Wynn Resorts Ltd and its former board member Kazuo Okada are officially heading to court next year after a Nevada judge threw out the company’s bid to avoid a trial over the forced redemption of his stock at a US$900 million discount in 2012. Wynn Resorts had argued that a July ruling in Nevada... Friday, 17 November 2017 07:07

Current Issue

Guiding light

Guiding light Mr Jay Chun, Chairman of MGS Entertainment Show organizer the Macau Gaming Equipment Manufacturers Association (MGEMA), discusses the birth of the MGEMA and how it plans to help shape Macau’s future ahead of the 5th anniversary of MGS. By Ben Blaschke       Ben Blaschke: The MGS Entertainm... Thursday, 26 October 2017 15:35

Macau satellite casinos: the more the merrier?

Macau satellite casinos: the more the merrier? MdME’s Rui Pinto Proença looks at the recent flurry of satellite casinos entering the Macau market and their apparent flouting of the “2008 Moratorium.”  By Rui Pinto Proenç As we enter the final stretch of 2017, it is clear that Macau will end the year with no additions to its portfolio ... Thursday, 26 October 2017 15:33

NOkada Manila

NOkada Manila Japan’s Universal Entertainment ousted founder Kazuo Okada earlier this year, prompting questions about the future of the integrated resort bearing his name and the company’s Japan casino ambitions. By Muhammad Cohen | Editor-at-Large After years of controversy, it all seemed to be coming toge... Thursday, 26 October 2017 15:31

Macau city brand strategy

Macau city brand strategy Professor Glenn McCartney explains the importance of developing a unique city brand strategy and why it can help Macau achieve true diversification when it comes to tourist appeal. By Professor Glenn McCartney The brand strategy of a city – from its vision and goals to the level of engagement wi... Thursday, 26 October 2017 15:27