Net profit of Philippine-listed casino operator Bloomberry Resorts Corp. jumped to a record of PHP3.691 billion (US$71.2 million) in the first quarter of 2018 on the back of robust mass and VIP segments.

Data provided by Bloomberry showed that its net profit for the three months ending March 2018 was 71 percent or PHP1.54 billion ($29.65 million) higher than the PHP2.153 billion ($41.46 million) net profit it chalked during the first quarter of 2017.

The firm’s gross gaming revenue (GGR), on the other hand, totaled PHP13.75 billion ($264.77 million) in the first quarter of 2018, up 28.3 percent from PHP10.72 billion ($206.43 million) reported in the same period last year. The GGR accounted for 94.4 percent of Bloomberry’s revenues.

Reported earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 44 percent year-on-year to PHP4.537 billion ($87.37 million), the highest reported in a quarter, according to the casino operator.