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Solaire Resort North shows positive EBITDA in first month of operation but VIP weakness drags Bloomberry Q2 results

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Bloomberry Resorts Corp reported a 4% year-on-year decrease in consolidated gross gaming revenues to Php14.5 billion (US$255 million) in the three months to 30 June 2024, with the first contribution from recently opened Solaire Resort North in Quezon City not enough to counter a substantial decline in VIP volumes at the company’s original Entertainment City property.

According to information released Wednesday, Solaire Resort North booked 37 operating days post-opening in 2Q24, in which time it generated total GGR of Php1.1 billion (US$19.3 million) from its mass table games and electronic table games businesses. The property was also EBITDA positive, posting Php250.1 million (US$4.4 million) despite a variety of gaming and non-gaming facilities having not yet launched during the period.

Despite this, consolidated results were subdued, with Bloomberry reporting a 33% decline in group-wide EBITDA to Php3.6 billion (US$63.2 million) while net income fell to Php1.3 billion (US$22.8 million) from Php3.4 billion (US$59.7 million) a year earlier.

The company pointed specifically to continued weakness in VIP, where rolling chip volume at Solaire Resort Entertainment City fell by 32% to Php117.9 billion (US$2.07 billion) and GGR by 21% to Php3.74 billion (US$65.7 million).

“In the second quarter and first half of 2024, our mass gaming revenues across two properties increased year-over-year despite the very high base set in the first half of 2023,” said Bloomberry Chairman and CEO, Enrique K Razon Jr.

“However, continued weakness in the VIP segment as well as pre-operating and operating expenses at Solaire Resort North resulted in a decline in consolidated EBITDA and net income.

“Despite our weaker consolidated year-over-year performance, I am pleased to report that Solaire Resort North recorded positive EBITDA of Php250 million in its first 37 days of operations. We are in the early stages of the property’s ramp-up and are happy with the pace, especially as we compare it to the ramp of Solaire in Entertainment City over 11 years ago.

“As revenues at our second property grow, we anticipate further synergies and positive operating leverage to contribute to our group’s profitability in the coming quarters.”

Solaire Resort North’s GGR result included mass table GGR of Php508 million (US$8.9 million) and EGM GGR of Php629 million (US$11.0 million), while hotel occupancy was 20.1% due to a soft opening phase.

For the first six months of 2024 combined, Bloomberry reported consolidated GGR of Php29.2 billion (US$513 million), down 6% year-on-year, with consolidated EBITDA of Php8.6 billion (US$151 million), down 23%, and net income of Php4.0 billion (US$70.2 million), down 38%.

The post Solaire Resort North shows positive EBITDA in first month of operation but VIP weakness drags Bloomberry Q2 results appeared first on European Gaming Industry News.

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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LuckyStreak adds Tier 1 Provider Play’n GO to Content Aggregation Offering

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iGaming business to deliver world class slots titles from leading global studio

LuckyStreak announces a major addition to its iGaming content aggregation offering, with a new strategic partnership with tier 1 games provider Play’n GO.

From its origins in building casino games for mobile phones prior to the invention of the smartphone, today Play’n GO is one of the leading providers of entertainment to the casino industry, with more than 400 premium game titles available with operators in more than 35 regulated jurisdictions.

Through this collaboration, Play’n GO’s vast and varied portfolio of beautifully executed and very entertaining games are instantly made available via LuckyStreak’s powerful aggregation API solution, LuckyConnect.

All LuckyConnect content customers can now access Play’n GO’s stunning games in one place, including the phenomenally popular titles like the Book of Dead series, Reactoonz and Rise of Olympus, without any additional tech work. And as new games are regularly added, all content is auto-synced with customer games management systems.

This partnership acknowledges and strengthens the reputation of LuckyConnect, an aggregation solution with over 6000 games from leading providers, a proven and secure API integration, and an extensive network of casino operator customers and players hungry for world class entertaining content.

Rory Kimber, Commercial Director at LuckyStreak, said: “Going live with Play’n GO is a fantastic moment for LuckyStreak and our LuckyConnect aggregation solution, proving we can attract world class suppliers in the industry who will benefit from our access to top operators in a range of worldwide markets.

Play’n GO’s offering is renowned for a reason and has tremendous appeal across a wide range of territories, which makes them the perfect addition to our portfolio.

Adding Tier 1 content is a focus for us, which balances perfectly with the innovative start-ups we brought in over the summer period, and I’m delighted that Play’n GO is now live, as are our casino customers.”

Michele Steffaneli, Head of Account Management at Play’n GO, said: “I strongly believe that Play’n GO’s portfolio of content is one of the most compelling in the industry. And with players all over the world looking for entertainment, excitement and the quality assurance that Play’n GO’s titles bring, no operator’s offering can be complete without Play’n GO.

“LuckyStreak’s reach is the perfect way to bring Play’n GO games to more players in more places, and we can’t wait to get started working with their high-energy team.

“Play’n GO doesn’t just make deals; we form deep and enduring partnerships. I’m sure this is the just the first step of a long journey together.”

The post LuckyStreak adds Tier 1 Provider Play’n GO to Content Aggregation Offering appeared first on European Gaming Industry News.

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Fish Tales Are Back with a Haunted Twist in Booming Games’ Fish Tales: Halloween

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Get ready for a spine-tingling splash with Fish Tales: Halloween from Booming Games! This spooky twist on the beloved Fish Tales: Monster Bass takes you to a haunted underwater world where ghoulish fish and creepy cash prizes await.

The beloved spook-tacular mechanics remain intact, but with an eerie makeover—fog-drenched waters, zombified fish, and a fang-tastic new design.

All your favourite features are back: Fishnet Modifier, Cash Add and the iconic Monster Bass now appears as a terrifying full-reel stack during Free Spins. Collect undead fish for cash prizes or trigger the haunted Free Spins round by landing three or more eye-popping Scatter symbols. With the same thrilling gameplay you love, and a frightfully fun theme update, Fish Tales: Halloween delivers the perfect mix of familiar mechanics and Halloween horror.

Play Fish Tales: Halloween now!

“Fish Tales has always been one of our most beloved series, and with Fish Tales: Halloween, we wanted to give players a fresh, seasonal twist without losing the mechanics they know and love,” said Craig Asling, Director of Games at Booming Games. “The eerie new design, complete with fog-drenched waters and spooky characters, perfectly complements the fan-favourite features like the Fishnet Modifier and Monster Bass. It’s a frightfully fun addition to the series that keeps the excitement alive while celebrating the Halloween spirit.”

The post Fish Tales Are Back with a Haunted Twist in Booming Games’ Fish Tales: Halloween appeared first on European Gaming Industry News.

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Gaming Corps brews up 3 Pots of Potions ahead of Halloween

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Unlock wickedly big rewards in Gaming Corps’ latest spellbinding slot

Gaming Corps – a publicly-listed game development company based in Sweden, is preparing to enchant players this October with the launch of its latest slot, 3 Pots of Potions. Arriving just ahead of Halloween, the high-volatility release combines imaginative design with feature-rich gameplay and the potential to conjure wins of up to 10,000x the stake.

Played across six reels with 4,096 ways to win, 3 Pots of Potions immerses players in a bubbling world of stacked high-pays, Potion-collecting mechanics and Instant Prize opportunities. Potion symbols may land at any time, automatically filling their corresponding-coloured pot and offering a chance to trigger Free Spins. Each pot unlocks a different enhancement: extra Free Spins from the green potion, a 3x Multiplier from the purple potion, or Synced Reels from the yellow potion.

During Free Spins, every Instant Prize symbol is gathered into a Bonus Pot, which takes centre stage in a final Bonus Spin. If a Collect symbol lands on reels 1 and/or 6, the entire Bonus Pot is awarded, and potentially more than once. With Mega Instant Prize symbols reaching up to 5,000x, the feature adds dramatic anticipation to every round.

Alexandros Mavroudis, Product Owner at Gaming Corps, said: “3 Pots of Potions combines striking design with mechanics that encourage sustained engagement. The Potion collections introduce variety to the base game, and the Bonus Pot mechanic creates a clear crescendo during Free Spins. It’s a slot that adds both depth and replay value, and we look forward to seeing how it performs this spooky season.”

The post Gaming Corps brews up 3 Pots of Potions ahead of Halloween appeared first on European Gaming Industry News.

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