Razon’s Bloomberry posts P2.6-B net loss in 2025 amid online gambling crackdown, POGO ban
Bloomberry Resorts reported a P2.6 billion net loss in 2025 due to the POGO ban, online gambling restrictions, and softer VIP gaming activity.Summary
Bloomberry Resorts Corporation, led by Enrique Razon, experienced a P2.6 billion net loss in 2025, a significant reversal from the P2.6 billion profit in 2024. This downturn was attributed to tighter government regulations on online gambling, the shutdown of Philippine Offshore Gaming Operations (POGOs), and decreased VIP gaming revenue. Despite a P2.9 billion gain from loan restructuring and a 21% increase in non-gaming revenues to P12.9 billion, these were insufficient to offset the losses. Razon acknowledged 2025 as a challenging year for the gaming industry, citing regulatory uncertainty and a shift towards digital platforms. The decline in gaming revenue mirrors a broader trend reported by PAGCOR, with a 2.5% drop to P95.15 billion, driven by a move towards online gaming and scrutiny over money laundering within casinos.
(Source：Rappler)