Asia
Solaire Resort North shows positive EBITDA in first month of operation but VIP weakness drags Bloomberry Q2 results
![](https://europeangaming.eu/portal/wp-content/uploads/2024/08/Solaire-Resort-North-shows-positive-EBITDA-in-first-month-of-operation-but-_20240815_140222_0000.png)
Bloomberry Resorts Corp reported a 4% year-on-year decrease in consolidated gross gaming revenues to Php14.5 billion (US$255 million) in the three months to 30 June 2024, with the first contribution from recently opened Solaire Resort North in Quezon City not enough to counter a substantial decline in VIP volumes at the company’s original Entertainment City property.
According to information released Wednesday, Solaire Resort North booked 37 operating days post-opening in 2Q24, in which time it generated total GGR of Php1.1 billion (US$19.3 million) from its mass table games and electronic table games businesses. The property was also EBITDA positive, posting Php250.1 million (US$4.4 million) despite a variety of gaming and non-gaming facilities having not yet launched during the period.
Despite this, consolidated results were subdued, with Bloomberry reporting a 33% decline in group-wide EBITDA to Php3.6 billion (US$63.2 million) while net income fell to Php1.3 billion (US$22.8 million) from Php3.4 billion (US$59.7 million) a year earlier.
The company pointed specifically to continued weakness in VIP, where rolling chip volume at Solaire Resort Entertainment City fell by 32% to Php117.9 billion (US$2.07 billion) and GGR by 21% to Php3.74 billion (US$65.7 million).
“In the second quarter and first half of 2024, our mass gaming revenues across two properties increased year-over-year despite the very high base set in the first half of 2023,” said Bloomberry Chairman and CEO, Enrique K Razon Jr.
“However, continued weakness in the VIP segment as well as pre-operating and operating expenses at Solaire Resort North resulted in a decline in consolidated EBITDA and net income.
“Despite our weaker consolidated year-over-year performance, I am pleased to report that Solaire Resort North recorded positive EBITDA of Php250 million in its first 37 days of operations. We are in the early stages of the property’s ramp-up and are happy with the pace, especially as we compare it to the ramp of Solaire in Entertainment City over 11 years ago.
“As revenues at our second property grow, we anticipate further synergies and positive operating leverage to contribute to our group’s profitability in the coming quarters.”
Solaire Resort North’s GGR result included mass table GGR of Php508 million (US$8.9 million) and EGM GGR of Php629 million (US$11.0 million), while hotel occupancy was 20.1% due to a soft opening phase.
For the first six months of 2024 combined, Bloomberry reported consolidated GGR of Php29.2 billion (US$513 million), down 6% year-on-year, with consolidated EBITDA of Php8.6 billion (US$151 million), down 23%, and net income of Php4.0 billion (US$70.2 million), down 38%.
Asia
Jamsos Indonesia Teams Up with New Platform for Top-Notch Online Gaming
![](https://europeangaming.eu/portal/wp-content/uploads/2024/09/5-5.jpg)
Jamsos Indonesia has been electrifying the online gaming scene with its unbeatable selection of games and slots. Now, Jamsos is supercharged by the renowned Joker123 platform, offering players an even more dynamic and immersive gaming experience. This integration not only improves gameplay but also gives consumers access to the most recent features and advancements in the online gaming business.
Located in the bustling heart of Jakarta, Jamsos Indonesia is where excitement meets reliability. It offers players across Indonesia a top-notch gaming experience that is as thrilling as it is secure. Players are set to dive into a world of vibrant graphics, fast-paced gameplay, and endless winning opportunities—all at their fingertips. This digital hub has carefully curated a diverse collection of online games. The platform caters to all types of gamers, from those who prefer classic slots to those seeking innovative experiences.
By integrating the Joker123 platform, known for its vibrant graphics and dynamic gameplay, Jamsos Indonesia offers its patrons a wide array of slot games that are both engaging and rewarding.
A spokesperson for the platform said: “Partnering with Joker123 enhances our gaming library with some of the best games in the industry. We work to provide users with a premium gaming experience they can trust and enjoy.”
With this integration, players can enjoy games without hiccups on any device and without platform restrictions. This flexibility allows them to enjoy their favorite games anytime and anywhere. With a user-friendly interface, the site ensures a smooth experience, letting players focus on their adventures without distractions or hassle. Moreover, it also uses advanced security protocols that protect users’ information and ensure fair play.
To fully appreciate the dynamic offerings of Jamsos Indonesia, its official website features a Live section that provides an authentic and interactive experience. It brings the full thrill of a real gaming environment straight to players’ screens, offering an immersive experience similar to a physical venue. The website includes a variety of online games, such as slot games and others. It has an interactive setup that allows users to chat with dealers and other players, capturing the lively atmosphere of a traditional gaming environment. Designed for desktop and mobile, the Live section offers easy access, high-quality streaming, and the excitement of real stakes.
Jamsos Indonesia also has a Manual page for a smooth experience on the platform. It provides users with essential guidance on accessing games and features using a QR code, enabling quick and easy engagement. This streamlined process helps users set up accounts and dive into their favorite games, enhancing their experience, especially with games powered by Joker123.
Asia
eStar Gaming Announces its Intention to Collaborate with Dalian Young Boy Football Club
![](https://europeangaming.eu/portal/wp-content/uploads/2024/09/1-6.jpg)
China’s leading esports brand, eStar Gaming, a subsidiary of NIP Group announced its intention to collaborate with Dalian Young Boy Football Club. This partnership aims to explore innovative business models that blend digital and traditional sports realms, enhancing urban culture, tourism and the consumer economy through the power of sports.
Kui Wang, Investor and Chairman of Dalian Young Boy Football Club, said: “We are delighted to partner with eStar Gaming, a pioneer in the esports industry. Esports resonates with the youth, offering a dynamic platform for engagement. Our ‘esports+ football’ collaboration is set to spark excitement and innovation, enriching the traditional sport of football with new dimensions. We are confident that this alliance with NIP Group, the first listed Chinese esports company on Nasdaq, will propel Dalian Young Boy and Dalian football into uncharted territories, while our exploration in the integration between esports and traditional sports will pave the way for sustainable growth in both industries.”
Hang “Allen” Sui, Chief Operating Officer of NIP Group, said: “This cross-industry partnership is a groundbreaking step towards integrating esports and football. The synergy between our organizations will deliver unparalleled fan experiences. We anticipate expanding our collaboration with Dalian Young Boy to include cultural exchanges, tourism promotion, and esports festivals, exploring the full potential of digital-inclusion.”
Esports has become an exceptional medium for the younger generation to engage with traditional sports culture and socialize. In late August, Nuoyan and Orange, eStar Gaming’s representative players, engaged in an inaugural exchange with Dalian Young Boy Football Club, experiencing a day in the life of a football player. The event saw a jersey exchange between Dong Chen, General Manager of Dalian Young Boy Football Club, and the eStar Gaming players, with active participation from athletes Weijie Mao, Pengyu Zhu, Shan Huang and Ge Qu.
The integration of esports and traditional sports has emerged as a focal point for both sectors. According to the Esports Working Committee of the China Audio-Video and Digital Publishing Association, the domestic esports industry reached approximately 490 million users in 2023, with over 300 million being young users. This integration is poised to align with the entertainment preferences of the youth, revitalizing sports culture in a manner that reflects the new era and fostering “out-of-the-box” growth for traditional sports and local cultural tourism.
Asia
Jamsos Indonesia Teams Up With New Platform for Top-Notch Online Gaming
![](https://europeangaming.eu/portal/wp-content/uploads/2024/09/jakarta.jpg)
The Joker123 gaming platform provides exceptional gaming experiences.
Jamsos Indonesia has been electrifying the online gaming scene with its unbeatable selection of games and slots. Now, Jamsos is supercharged by the renowned Joker123 platform, offering players an even more dynamic and immersive gaming experience. This integration not only improves gameplay but also gives consumers access to the most recent features and advancements in the online gaming business.
Located in the bustling heart of Jakarta, Jamsos Indonesia is where excitement meets reliability. It offers players across Indonesia a top-notch gaming experience that is as thrilling as it is secure. Players are set to dive into a world of vibrant graphics, fast-paced gameplay, and endless winning opportunities—all at their fingertips. This digital hub has carefully curated a diverse collection of online games. The platform caters to all types of gamers, from those who prefer classic slots to those seeking innovative experiences.
By integrating the Joker123 platform, known for its vibrant graphics and dynamic gameplay, Jamsos Indonesia offers its patrons a wide array of slot games that are both engaging and rewarding.
A spokesperson for the platform said, “Partnering with Joker123 enhances our gaming library with some of the best games in the industry. We work to provide users with a premium gaming experience they can trust and enjoy.”
With this integration, players can enjoy games without hiccups on any device and without platform restrictions. This flexibility allows them to enjoy their favorite games anytime and anywhere. With a user-friendly interface, the site ensures a smooth experience, letting players focus on their adventures without distractions or hassle. Moreover, it also uses advanced security protocols that protect users’ information and ensure fair play.
To fully appreciate the dynamic offerings of Jamsos Indonesia, its official website features a Live section that provides an authentic and interactive experience. It brings the full thrill of a real gaming environment straight to players’ screens, offering an immersive experience similar to a physical venue. The website includes a variety of online games, such as slot games and others. It has an interactive setup that allows users to chat with dealers and other players, capturing the lively atmosphere of a traditional gaming environment. Designed for desktop and mobile, the Live section offers easy access, high-quality streaming, and the excitement of real stakes.
Jamsos Indonesia also has a Manual page for a smooth experience on the platform. It provides users with essential guidance on accessing games and features using a QR code, enabling quick and easy engagement. This streamlined process helps users set up accounts and dive into their favorite games, enhancing their experience, especially with games powered by Joker123.
Additionally, the Blog page on Jamsos Indonesia is a valuable resource for players looking to improve their gaming experience. It features insightful articles, game reviews, and updates on new releases, including those from Joker123. The blog offers tips and strategies to improve gameplay and helps users stay informed about the best games to play on the platform, new strategies to maximize their success, and trends in the online gaming world.
Jamsos Indonesia delivers a seamless and exciting gaming experience with a diverse selection of games, including the latest from Joker123. Players can explore the platform and elevate their gaming journey to new heights.
To learn more about Joker123 and Jamsos Indonesia, visit the latter’s website here: jamsosindonesia.com.
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