Philippine casino operator Bloomberry Resorts recorded a net profit in 2014 as gaming revenue surged at its Solaire Resort & Casino in Manila.

Bloomberry revenue nearly doubled (+99%) to P24.1b (US $536m) and earnings rose a staggering 802% to P10b thanks to a full year of contribution from Solaire, which opened in March 2013. That was a double-edged sword, however, as expenses were also up 31% to P17.6b. But Bloomberry booked a net profit of P4b ($91m), a significant turnaround from 2013’s net loss of P1.3b.

Gaming accounted for 95% of Bloomberry’s 2014 revenue, with hotel, food and beverage adding 4% and retail and other income scoring the remaining 1%. Gaming revenue was up 103% and non-gaming revenue increased 39%, pushing each segment to record highs.

Bloomberry CEO Enrique Razon Jr. said the company was “elated” by its 2014 performance. Razon said the iniatives taken over the past two years to boost revenues and keep a lid on expenses had enabled the company’s “remarkable turnaround.” Razon said the plan was onward and upward from here.