Bloomberry suffers P8.3-B loss in 2020 but sees recovery in

Bloomberry suffers P8.3-B loss in 2020 but sees recovery in 2021


Published March 8, 2021, 3:40 PM
Bloomberry Resorts Corporation, owner of Solaire Resort & Casino and Jeju Sun Hotel & Casino, reported an audited consolidated net loss of P8.3 billion for 2020 compared to net profit of P9.9 billion in 2019.
In a disclosure to the Philippine Stock Exchange, the firm said its 2020 results were “severely impacted by the COVID-19 outbreak which resulted in the temporary suspension of Solaire’s casino operations between March 16, 2020 to June 15, 2020.”
Bloomberry Resorts Corporation
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(c)www.bloomberry.ph
Since mid-June, Solaire has been operating at limited capacity across its gaming, hotel, food and beverage, and retail businesses and has only been catering to long-stay hotel guests and select invitees.

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