Chinese tourists lift Bloomberry Q2 profit

Philippine-listed casino operator Bloomberry Resorts is riding on the influx of Chinese tourists to the country as reflected in its second quarter earnings report.

Bloomberry said in a filing before the Philippine Stock Exchange that its net income during the April to June 2017 period rose 47 percent to PHP 1.96 billion (US$38.62 million).

This brought 6-month net income to P4.11 billion (US$80.96 million) from P191 million (US$3.76 million) during the comparable period last year, Bloomberry said.

“We are gratified to see the continuing results of our efforts to level up Solaire’s game. There will be no let-up in these efforts. We are on track, and we will continue to focus on surpassing our previous achievements,” Enrique Razon Jr., Bloomberry chair and chief executive officer, said in a press statement on Thursday.