Bloomberry bets on profit swing this year
MANILA, Philippines – Bloomberry Resorts Corp. expects to swing to profitability this year as it wipes out its bad debt and revenues continue to improve, according to ports tycoon and casino magnate Enrique Razon.
“The outlook is far better this year because we’ve cleaned up all the problem accounts. It should be positive this year because of much lower cost and no more bad accounts and bad debt… and more revenues. It looks positive,” Razon said.
Bloomberry owns and operates Solaire Resort & Casino inside Pagcor’s 100-hectare Entertainment City in Paranaque, and Jeju Sun Hotel & Casino in Korea.
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