Bloomberry chairman has high hopes for online gaming business

April 22, 2022 Philippines Emerging Markets

Bloomberry Resorts Corp. chairman Enrique Razon has high hopes for the company’s online gaming business, and is expecting revenue to continue to pick up as the company grows the business.

During an annual stockholders meeting on Thursday, Razon said it has been building up its online business since 2020, and is hopeful in the near and medium-term it will become a large part of the business.

The Philippine Inland Gaming Operator (PIGO) scheme was launched in late 2020 as a means to lift Philippines’ battered economy due to the Covid-19 pandemic.