Bloomberry swings to P125-M Q1 net loss

MANILA, Philippines – Bloomberry Resorts Corp. swung to a first-quarter net loss of P125 million as softer gaming volumes in Entertainment City dragged revenues, although cost-cutting measures helped temper losses. The result reversed the P3.3-billion net income recorded in the same period last year. In a disclosure on Friday, the Enrique Razon Jr.-led casino operator said gross gaming revenue (GGR) fell 13 percent to P14.7 billion from P16.8 billion a year ago. READ: Bloomberry swings to full-year net loss The company attributed the decline mainly to weaker performance at Solaire Resort Entertainment City, where VIP and premium mass segments remained subdued. […]... Keep on reading: Bloomberry swings to P125-M Q1 net loss

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