Bloomberry Resorts 2013 loss doubles as operating expenses gain

    Bloomberry Resorts said its 2013 net loss almost doubled as expenses related to the development of its Solaire Resort & Casino surged. The company had a loss of 1.3 billion pesos compared with 690 million pesos the prior year. However, revenue surged to 12.34 billion pesos from 196 million the prior year. The company said pre-operating expenses were about 1.05 billion pesos. Adjusted for those the net loss would have been 267 million pesos.