95% decrease in GGR at?Solaire?Resort & Casino in Manila’s Entertainment City and zero gaming revenue at?Jeju?Sun in South Korea reported

Philippine casino operator?Bloomberry?Resorts Corp?reported a net?loss of PHP4.70 billion (US$96?million) for the second quarter of 2020. This is compared with net income of?PHP2.46 billion a year earlier due to the?COVID-19 shutdown of gaming operations?in?Metro Manila?since March 16.??

Solaire?still generated some?gaming revenue for the period, under a so-called?a limited ‘dry run’ scheme that involved?only in-house and select invited guests, wherein a?GGR of Php686.6 million (US$14.1 million)?was generated?in 2Q20, of?which VIP contributed Php121.7 million (US$2.5 million), mass table games Php303.7 million (US$6.2 million) and electronic gaming machines Php261.1 million (US$5.3 million).?

Bloomberry Resorts Corp stated in a separate press release on?its second quarter results,?“From June 15, 2020, the relevant authorities have allowed limited dry-run gaming operations at [Solaire] under general community quarantine as a means to fine-tune services in?accordance with new normal health and safety protocols,” It added, “Solaire?remains closed to the public.”?

Bloomberry Resorts Corp reported a net loss of nearly PHP3.32 billion for the first half of 2020, compared with net income of PHP4.67 billion in the first six months of 2019.?

Bloomberry Resorts Corp Chairman?and CEO,?Enrique?Razon?Jr., said,?“Bloomberry?is not exempt from the seismic impact of the COVID-19 pandemic on global tourism and the?gaming entertainment industry,”?

“During this difficult time, our top priorities are to weather the impact of this virus and to maintain the health and safety of our team members and guests.?

“While we are uncertain of the pace of business recovery, we will push forward with our key capital project,?Solaire?North, as we believe that its opening will coincide with a meaningful upcycle that is typical after a period of economic weakness. We look to emerge from this crisis as a much stronger company.”?He added.?

Bloomberry Resorts Corp is developing another resort – known as?Solaire?North –?located?at?the central business district of Metro Manila, Quezon City.?

About SiGMA Foundation:

SiGMA Foundation?is the charitable arm of SiGMA Group, reflecting the company’s commitment to supporting those in need around the world with fund-raising activities.?