Bloomberry Resorts, owner and operator of the Solaire Resort & Casino and Jeju Sun Hotel & Casino, plunged to a P1.16 billion (US$24.86 million) net loss in the first quarter of 2016 due to higher foreign exchange losses and interest expenses from its Philippine operations.

In a disclosure to the Philippine Stock Exchange, Bloomberry said the net loss that the gaming firm incurred in first three months of 2016 was more than double compared to the P533 million loss it reported in the same period a year ago.

Bloomberry’s total revenues for the quarter fell by 10 percent year-on-year, from P6.34 billion to P5.73 billion while gross gaming revenues fell by 5 percent to P7.65 billion.

The gaming firm attributed its losses to the lower Earnings before interest, taxation, depreciation and amortization (EBITDA), which declined 31 percent year-on-year to PHP1.21 billion, owing to the low VIP hold as well as the P198 million drag from the company’s Korean operations.

Bloomberry Resorts, owner and operator of the Solaire Resort & Casino and Jeju Sun Hotel & Casino, plunged to a P1.16 billion (US$24.86 million) net loss in the first quarter of 2016 due to higher foreign exchange losses and interest expenses from its Philippine operations.

In a disclosure to the Philippine Stock Exchange, Bloomberry said the net loss that the gaming firm incurred in first three months of 2016 was more than double compared to the P533 million loss it reported in the same period a year ago.

Bloomberry’s total revenues for the quarter fell by 10 percent year-on-year, from P6.34 billion to P5.73 billion while gross gaming revenues fell by 5 percent to P7.65 billion.

The gaming firm attributed its losses to the lower Earnings before interest, taxation, depreciation and amortization (EBITDA), which declined 31 percent year-on-year to PHP1.21 billion, owing to the low VIP hold as well as the P198 million drag from the company’s Korean operations.

The court-assigned trustee of the defunct bitcoin exchange Mt. Gox is putting off the release of the list of bitcoin addresses that was controlled by the digital currency exchange before it went bankrupt.

Nobuaki Kobayashi, the trustee assigned by the Tokyo District Court, announced back in February that he is planning to release the bitcoin addresses to help “the investigation in understanding the fundamental causes leading to the bankruptcy” of the Japan-based digital currency exchange.

Kobayashi, however, called off the release this week, Cryptocoin News reported.

Instead, the trustee released a statement, in which he explained his belief that “the potential negative effect resulting from the release of the address would be much more detrimental compared to the degree of benefits that can be gained.”

The court-assigned trustee of the defunct bitcoin exchange Mt. Gox is putting off the release of the list of bitcoin addresses that was controlled by the digital currency exchange before it went bankrupt.

Nobuaki Kobayashi, the trustee assigned by the Tokyo District Court, announced back in February that he is planning to release the bitcoin addresses to help “the investigation in understanding the fundamental causes leading to the bankruptcy” of the Japan-based digital currency exchange.

Kobayashi, however, called off the release this week, Cryptocoin News reported.

Instead, the trustee released a statement, in which he explained his belief that “the potential negative effect resulting from the release of the address would be much more detrimental compared to the degree of benefits that can be gained.”

In this week’s Calling the Clock we remind you of a sneaky move to pass the Restoration of the Wire Act through the back door, why Justin Bonomo was a little camera shy at the European Poker Tour, and why Luke Schwartz is the Daddy when it comes to the Spring Championships of Online Poker.

We start this week’s Calling the Clock with a flurry of news stories from the world’s largest online poker room.

As expected, PokerStars arrival in New Jersey has increased online poker revenue as a whole, but their competitors have suffered slightly in the process.

Figures released by the Division of Gaming Enforcement (DGE) show the partnership between Pokerstarsnj.com and Atlantic City’s Resorts Casino Hotel contributed $1.18m to April’s online poker revenue. That was enough to push the Borgata Hotel Casino & Spa and partypoker into second place with $745,000. Caesars Interactive Entertainment’s (CIE) WSOP.com and 888.com pulled in $664,000. The total combined figure for the month was $2.6m (a 30.4% increase for the state).

Is trouble brewing over 888 Holding’s horizon?

Shares of 888 holdings are down at the London Stock Exchange since Wednesday as speculations on the supposed disagreement among the company’s top brass continue to persist.

While the duo did not state the reason why they divested their shares, The Financial Times (FT) reported that Ben-Yitzhak brothers decided to downsize their stake in the business from 10.4 percent to below the 3-percent disclosure threshold last Wednesday.

The Ben-Yitzhak brothers, who sold their family trust’s shareholding at £57 million and at 205p apiece, co-founded 888 holdings together with Shaked brothers Avi and Aharon in 1997. At present, the 48.2 percent of the stock held by the Shakeds were split evenly between Avi Shaked and the children of his late brother.

Is trouble brewing over 888 Holding’s horizon?

Shares of 888 holdings are down at the London Stock Exchange since Wednesday as speculations on the supposed disagreement among the company’s top brass continue to persist.

While the duo did not state the reason why they divested their shares, The Financial Times (FT) reported that Ben-Yitzhak brothers decided to downsize their stake in the business from 10.4 percent to below the 3-percent disclosure threshold last Wednesday.

The Ben-Yitzhak brothers, who sold their family trust’s shareholding at £57 million and at 205p apiece, co-founded 888 holdings together with Shaked brothers Avi and Aharon in 1997. At present, the 48.2 percent of the stock held by the Shakeds were split evenly between Avi Shaked and the children of his late brother.

Unless you are a state gambling official, presumptive Republican nominee Donald Trump will never show you his tax returns.

The real estate mogul-turned politician has drawn flak for refusing to release his tax returns until the Internal Revenue Service wraps up its ongoing state audit, saying that there’s nothing to learn from them.

CNN investigation, however, showed that Trump has actually handed over his tax returns to state gambling officials in Pennsylvania and New Jersey – while in the midst of state audits. Trump reportedly submitted these documents as part of the process of seeking casino licenses in the two states.

When Trump attempted to build a casino in Philadelphia, his lawyers submitted his tax returns from 2000 to 2004 in a set of documents before the state’s Gaming Control Board.

Unless you are a state gambling official, presumptive Republican nominee Donald Trump will never show you his tax returns.

The real estate mogul-turned politician has drawn flak for refusing to release his tax returns until the Internal Revenue Service wraps up its ongoing state audit, saying that there’s nothing to learn from them.

CNN investigation, however, showed that Trump has actually handed over his tax returns to state gambling officials in Pennsylvania and New Jersey – while in the midst of state audits. Trump reportedly submitted these documents as part of the process of seeking casino licenses in the two states.

When Trump attempted to build a casino in Philadelphia, his lawyers submitted his tax returns from 2000 to 2004 in a set of documents before the state’s Gaming Control Board.

A shareholder activist group is now up in arms over the fat paycheck that will be awarded to Paddy Power Chief Executive Andy McCue, The Irish Times reported.

“Excessive” was how Pensions & Investment Research Consultants (PIRC) described the expected  total €3.7 million 2015 pay that McCue will receive after the latter has decided to step down as the chief operating officer of the merged online betting firm.

McCue, credited for being the architect of Paddy Power’s £5 billion merger with Betfair, is reported to get a hefty pay package, which is broken down into the following: €700,000 salary, €536,000 bonus, €173,000 in pension and benefits and €2.312 million in shares, which the report valued at €111.44 each.

PIRC is convinced that the pay package of McCue, which is 406 percent of his salary, is exorbitant and that Paddy Power stakeholders should reject it.

A shareholder activist group is now up in arms over the fat paycheck that will be awarded to Paddy Power Chief Executive Andy McCue, The Irish Times reported.

“Excessive” was how Pensions & Investment Research Consultants (PIRC) described the expected  total €3.7 million 2015 pay that McCue will receive after the latter has decided to step down as the chief operating officer of the merged online betting firm.

McCue, credited for being the architect of Paddy Power’s £5 billion merger with Betfair, is reported to get a hefty pay package, which is broken down into the following: €700,000 salary, €536,000 bonus, €173,000 in pension and benefits and €2.312 million in shares, which the report valued at €111.44 each.

PIRC is convinced that the pay package of McCue, which is 406 percent of his salary, is exorbitant and that Paddy Power stakeholders should reject it.

Canadian online gambling operator Intertain Group turned in a record performance in Q1, leading management to consider a possible corporate move to Europe.

For the three months ending March 31, Intertain reported revenue quadrupling to C$128.5m (US $100m) and net income of $10m versus a $26m loss in Q1 2015. Intertain projects FY16 revenue to come in between $460m-$500m and net income between $140m-$160m.

Intertain reported strong revenue growth across all its recently acquired operations, with online bingo brand Jackpotjoy up 20% year-on-year to $87.4m, online casino brand Vera&John up 53% to $25.3m and bingo brand Mandalay up 9% to $11.4m.

Since the quarter ended, Intertain migrated and relaunched its shuttered InterCasino brand on the new proprietary Plain Gaming platform, which is currently integrated with over 30 game providers and powers the B2B brand Finlandia Casino.