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Solaire Resort North shows positive EBITDA in first month of operation but VIP weakness drags Bloomberry Q2 results
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 companyâs 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).
âIn 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,â said Bloomberry Chairman and CEO, Enrique K Razon Jr.
âHowever, 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.
âDespite 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 propertyâs 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.
âAs revenues at our second property grow, we anticipate further synergies and positive operating leverage to contribute to our groupâs profitability in the coming quarters.â
Solaire Resort Northâs 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.

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Tickets on sale for Helldorado Days Rodeo at the Plaza Hotel & Casinoâs CORE Arena, Friday, Nov. 7 and Saturday, Nov. 8
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Popular event bigger than ever with family-friendly festival, carnival games
The Helldorado Days Rodeo returns to downtown Las Vegas, Friday, Nov. 7 and Saturday, Nov. 8 at the CORE Arena at the Plaza Hotel & Casino. This year, the event will be bigger than ever before with the addition of a family-friendly festival before the rodeo excitement begins each night. The festival will include a petting zoo, a mechanical bull, carnival rides and games, line dancing, and more.
The Helldorado Days Rodeo is fully sanctioned by the Professional Rodeo Cowboys Association and the Womenâs Professional Rodeo Association. The rodeo will feature bull riding, barrel racing, team roping, tie-down roping, steer wrestling, saddle bronc riding, breakaway, and bareback riding, with prize purses totaling $40,000.
The Helldorado Days Rodeo also features related western-themed events, like mutton bustin (a sheep riding competition for future cowboys and cowgirls who are 4-10 years old and under 60 pounds), a Whiskerino contest, and a historical exhibit area. The winning artwork of a childrenâs coloring contest will also be on display the first night.
After parties featuring country music acts will be held at the Sand Dollar Downtown after the rodeo concludes.
General admission tickets for the Helldorado Rodeo are now on sale online for $10 per person (plus taxes). VIP tickets for $30 each (plus taxes) offer guaranteed seating as well as access to an exclusive bar and restrooms.
Sponsored by the Commission for the Las Vegas Centennial and the Plaza Hotel & Casino, the mission of the Helldorado Days Rodeo is to bring the community together to celebrate the spirit of Old Las Vegas, including those who shaped the cityâs history and those who are working to preserve the western lifestyle while looking toward the future.
Details about the Helldorado Days Rodeo, associated events, and sponsorships are at: plazahotelcasino.com/entertainment/helldorado-days-rodeo/.
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The post Tickets on sale for Helldorado Days Rodeo at the Plaza Hotel & Casinoâs CORE Arena, Friday, Nov. 7 and Saturday, Nov. 8 appeared first on European Gaming Industry News.
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SLOT MACHINE MANUFACTURER ZITRO UNVEILS NEW SLOTS FEATURING LIGHTING SYSTEMS TIMED TO GAME SEQUENCES
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Casino goers enjoy slot machines for a whole host of reasons. Some enjoy their tried-and-true favorite games. Some people like discovering new games. Gaming manufacturer, Zitro, has just introduced slot games enclosed in a new cabinet called CONCEPT that synchronizes its Magic Lighting system to elements of the game and what a player sees on the screen.
Zitro launched the system at Pechanga Resort Casino just outside Temecula, California. Pechanga is among the first casinos in California to feature the CONCEPT cabinet and its upgraded and inviting technology. Pechanga guests can try their luck on Zitroâs Legendary Sword slot game, a medieval-themed, multi-game players like for immersive gameplay and standout features such as a four-level jackpot link, mystery-activated bonuses, and special in-game powers such as âHonor,â which multiplies rewards, âGlory,â which grants extra lives, and the âMagic Sword,â which doubles Link symbols on the boosted column. Players can experience up to seven Bonus Links, making each spin feel like part of an epic quest.
âWe are committed to offering the best in gaming entertainment,â said Alex Rodriguez, Vice President of Slot Operations at Pechanga Resort Casino. âThe CONCEPT cabinet and Legendary Sword slot machine bring incredible visual impact. We think our guests will love the new technology that brings all the elements of the game and the cabinet together.â
âWe truly appreciate Pechangaâs continued trust in Zitro,â said Derik Moobery, CEO of Zitro USA. âBringing the CONCEPT cabinet to Pechanga is a proud moment for us. We know theyâre one of the busiest and most sought-after gaming establishments by both visitors and other gaming manufacturers. Weâre confident that Legendary Sword will be a standout favorite among Pechangaâs players.â
Pechanga Resort Casino feature six Legendary Sword slot machines.
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The post SLOT MACHINE MANUFACTURER ZITRO UNVEILS NEW SLOTS FEATURING LIGHTING SYSTEMS TIMED TO GAME SEQUENCES appeared first on European Gaming Industry News.
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EPIC partners with Underdog to deepen culture of responsible gaming
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Attendees of the initial sessions noted positive anecdotal outcomes.
EPIC Global Solutions announced a new partnership with Underdog to further the sports gaming operatorâs investment in responsible gaming education through a series of training and workshops.
As part of the partnership, customer-facing Underdog employees participated in gaming harm awareness sessions and VIP relationships workshops presented by EPIC staff, increasing Underdog staffâs ability to recognize potentially problematic gaming behaviors in their customers.
The sessions were led by consultants who shared their own experience of how different forms of gaming proved problematic in their lives, including former NCAA and NBA point guard Stevin âHedakeâ Smith and former boxer Liz Thielen, and provided Underdog staff the chance to explore the human side of harm through a gaming-neutral lens.
EPICâs VP North America Teresa Fiore noted: âWeâre very pleased with the positive start to our working relationship with Underdog. They have a deep understanding that responsible gaming practices must be at the core for any major operator, and itâs a constant and consistent process of learning and attentiveness. Itâs clear from the session feedback that the responsible gaming message we share â influenced by the lived experience of our team â is making a difference to Underdogâs staff in a way that will further enhance their communication and customer relationships in a positive way.â
The training and workshops promoted business sustainability and customer protection by exploring communication techniques and best practices to foster healthy customer relationships.
âPartnering with EPIC has reinforced the culture of responsible gaming that we are building at Underdog,â said Adam Warrington, Vice President of Responsible Gaming at Underdog. âWe look forward to furthering the understanding of responsible gaming within Underdog and continuing to participate in training sessions and workshops to deepen our player protection knowledge.â
Attendees noted positive anecdotal outcomes, such as learning âthe nuances of messagingâ and how to âdive deeper to get to the bottom of what messaging could be problematicâ and taking the message of âdirect experiences to help understand how people are impactedâ.
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The post EPIC partners with Underdog to deepen culture of responsible gaming appeared first on European Gaming Industry News.
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