“The ramp-up of the MegaFUNalo online gaming platform is progressing, although at a slower pace than anticipated, despite regulatory uncertainties,” said chair and CEO Enrique K. Razon Jr.
“We are actively enhancing our offerings and plan to launch new content in the coming weeks,” he added.
According to Bloomberry, operating expenses poured into MegaFUNalo! amounted to P1.2 billion in the first nine months of 2025.
The Bangko Sentral ng Pilipinas’ e-wallet delinking order last August has hit the online gambling sector hard, with firms like DigiPlus Interactive also posting a sharp profit decline.
Q3 highlights
Management’s view
“The business environment in the third quarter mirrored that of the first half of 2025. Our consolidated Ebitda declined due to ongoing softness in international high roller activity and increased expenses from the rollout of our online gaming services,” Razon said.
“However, the local market remained strong as evidenced by revenue performance at Solaire North,” he added.
The company said Solaire North continued to perform well, with gaming revenues up 25 percent and non-gaming revenues surging 58 percent, buoyed by strong local demand.
For the first nine months of 2025, consolidated GGR inched up 0.4 percent to P45.7 billion, while net income dropped to P160 million from P3.5 billion a year earlier.
Bloomberry ended September with P29 billion in cash and said its balance sheet remains strong to support digital and resort expansion once the regulatory landscape stabilizes.
—Edited by Miguel R. Camus
