Bloomberry to open Solaire Resort North in May

Jenny Ortiz March 19, 2024

SiGMA news

Bloomberry to open Solaire Resort North in May

Philippines’ Bloomberry Resorts Corp is gearing up for the opening of its second Integrated Resort (IR), Solaire Resort North, scheduled for late May.

Thomas Arasi, President and COO of Bloomberry Resorts Corp made the announcement at the ASEAN Gaming Summit in Manila.

“Our success is marked by multiple recognitions from international award giving bodies and the upcoming launch of Solaire Resort North. They attest to our belief, adherence and dedication to the principle, and put our team members first,” Arasi said during his keynote speech.

“We continuously improve our product in order to exceed customers’ expectations, underscoring our position as a leader in delivering unparalleled guest satisfaction,” he said.

Arasi also emphasized the company prioritizing its people.

“At the heart of Solaire’s ethos is an understanding that our team members are our most precious asset.”

Solaire Resort North expected to be a major revenue contributor

Situated in Quezon City, Solaire Resort North is poised to strengthen Solaire’s position as a leader in luxury entertainment, catering to the affluent clientele in the northern areas of the metropolis.

The property spans 1.5 hectares and comprises 38 floors.

Solaire Resort North involves a $1 billion (€921.5 million) investment.

Bloomberry sees profit surge in 2023

Earlier this month, Bloomberry Resorts announced a strong financial result for the fiscal year 2023.

Their consolidated net income reached PHP9.5 billion (€156.6 million), showing a remarkable 85 percent increase compared to the PHP5.1 billion (€8.4 million) reported in 2022.

According to the company’s official statement, the fourth quarter of 2023 saw a net income of PHP1.3 billion (€21.2 million), indicating an 11 percent growth from the corresponding period in the preceding year.

Bloomberry Resorts credits its robust financial performance to Solaire, its flagship property.

Solaire experienced significant growth across all segments, including VIP, mass table, and electronic gaming machines (EGM).