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 Resorts Corporation has reported tot up 144 gaming revenue (GGR) at Solaire of Php8bn ($153m) for the quaternary quarter of 2021, a 50% increase from the prior-year period.

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

Consolidated Earnings Before Interest Taxes Depreciation and Amortization reached Php1.9bn, compared to Php129m inwards the prior-year period.

The radical 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 Dec 2021.

The mathematical group reported a nett red ink of Php4.2bn, compared to a clear loss of Php8.3bn inward 2020.

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

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

“Compared to 2020, it was a better yr for Bloomberry as it was propped up by the house servant patronage which grew our mass gaming revenues by 43% and EBITDA by 265%. While we appear forrad to best years ahead, we remain weaponed to operate under challenging circumstances if they materialise.

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