Bloomberry plans new e-gaming product in Q2
Bloomberry Resorts Corporation, led by Enrique K. Razon Jr., plans to launch a new electronic gaming product in late May or early June 2025.
Razon stated during the company's annual stockholders' meeting that this product will complement Solaire Online and target Filipino players nationwide.
The firm aims to recover revenue losses from the exit of Chinese players by expanding its online gaming presence and developing new properties like Solaire North.
Bloomberry expects long-term success through mass market gaming, with a focus on best-in-class integrated resort products and diversified revenue sources.
Razon highlighted the potential for growth in the Philippine economy, noting guidance from economic managers projecting six to eight percent annual GDP growth until 2028.
The company is encouraged by government initiatives such as tax refunds for non-resident tourists to boost tourism and discretionary spending.
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