Bloomberry optimistic of prospects over the coming years

Bloomberry Resorts Corporation, the owner and operator of Solaire Resort Entertainment City, expressed optimism about its growth in the coming years on the back of the growth of the domestic economy and strong tourist arrivals.

“The next few years present a compelling case for growth. The Philippine economy, from which we derive most of our revenue and profitability, is estimated by the Government to grow between 6 to 7 percent in 2024 and between 6.5 to 7.5 percent in 2025.

“We also anticipate to benefit from the improving inbound visitation as the World Tourism Organization sees the recovery of tourism in the Asia-pacific region to accelerate towards pre-pandemic levels in 2024,” said Bloomberry Chairman Enrique K. Razon Jr. during the firm’s annual stockholders’ meeting.

He noted that, “We are focused on the 25th of May, which marks the launch and opening of Solaire Resort North. We are currently running simulations to make sure that all aspects of the property—from interior finishes to gaming equipment and service—are at the highest levels of quality.

According to Razon, Solaire Resort North will introduce its signature five-star brand of gaming leisure entertainment to a broader market within the country and elevate the regional competitiveness of the Philippine gaming industry.

Razon said they have also increased focus on Solaire’s online business and has recently delivered enhancements to the existing platform. Solaire also continues to work on more modifications that are designed to capitalize on opportunities within this space.

“Putting Bloomberry far ahead of the competition, our trifecta of offerings—solaire in Entertainment City, Solaire Resort North, and Solaire Online—places us in a very strong position to take advantage of increasing demand for gaming entertainment in the Philippines and within the Asiapacific region,” said Razon. (James A. Loyola)