Asia300

Bloomberry Resorts Corp.

Philippines

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Mar 24, 2017
Prev close: 7.34
Mar 24, 2017
Market cap:
Market cap(USD):
80,752.6M
1,604.83M
Shares: 11,001.7M

Currency in PHP

Company profile

Market(Ticker): PHS(BLOOM)
Sector:
Industry:
Consumer Services
Casinos/Gaming
Full time employees: 4,711

Business summary

Bloomberry Resorts Corp. operates as a holding company. It engages in developing tourist facilities, casino entertainment, and hotel and amusement-themed projects through Sureste Properties, Inc. and Bloomberry Resorts and Hotels, Inc. The company was founded on May 3, 1999 and is headquartered in Parañaque, Philippines.

Company background

Bloomberry Resorts is a holding company that oversees property and leisure assets. The group runs the Solaire Resort & Casino, the first integrated gaming resort in Entertainment City, a development zone by Manila Bay. The area is envisioned as the Philippines' answer to Las Vegas and Macau. Phase 1 of Solaire opened in March 2013. The casino features around 1,400 slot machines, 295 gaming tables and 88 electronic table games on approximately 18,500 sq. meters of floor space. The site is also home to 488 hotel rooms, 15 restaurants, a grand ballroom that can seat around 1,000, a spa and fitness center, a bayside promenade and a multilevel parking lot.

Other Entertainment City casino license holders, which are expected to compete with Solaire are Travellers International Hotel Group of Malaysia's Genting Group and Filipino tycoon Andrew Tan, Macau's Melco Crown (with Sy Group as partner) and Universal Entertainment unit Tiger Resort.

Bloomberry is led by Filipino-Spanish businessman Enrique Razon, the chairman of International Container Terminal Services. The casino is managed by Thomas Arasi, who used to run the Marina Bay Sands in Singapore.

In the news

Financial highlights

Dec 2015

  • Local currency
  • US Dollar
Revenue 25,039.91M
Gross profit 15,654.56M
Operating income 248.58M
Income before tax -1,543.03M
Net income -3,363.51M
EBITDA 5,104.98M
Diluted EPS -0.30
Dividends per share 0
Total assets 71,256.16M
Total liabilities 49,459.24M
Total equity 21,726.52M
Operating cash flow 4,734.48M

Currency in PHP

Revenue 549.92M
Gross profit 343.80M
Operating income 5.45M
Income before tax -33.88M
Net income -73.86M
EBITDA 112.11M
Diluted EPS 0.00
Dividends per share 0
Total assets 1,514.31M
Total liabilities 1,051.09M
Total equity 461.72M
Operating cash flow 103.97M

Currency in USD

Valuation measures

Dec 2015

PER --
ROA -4.83%
ROE -14.19%
Operating margin 0.99%
Profit margin -13.43%

Key executive

  • Chairman & Chief Executive Officer: Enrique Klar Razon
  • President, COO & Non-Executive Director: Thomas Arasi
  • Chief Financial Officer & Treasurer: Estella Tuason-Occeña
  • Vice President-Information Technology: Gregory Dauenhauer
  • Secretary & Compliance Officer: Silverio Benny J. Tan

Share holders

  • RAZON ENRIQUE KLAR JR(68.9%)
  • Norges Bank Investment Management(1.4%)
  • The Vanguard Group, Inc.(0.8%)
  • Templeton Asset Management Ltd. (Hong Kong)(0.4%)
  • Parametric Portfolio Associates LLC(0.2%)
  • Dimensional Fund Advisors LP(0.2%)
  • Lord, Abbett & Co. LLC(0.2%)
  • IKC Fonder AB(0.1%)
  • JOHCM (Singapore) Pte Ltd.(0.1%)
  • BlackRock Fund Advisors(0.1%)

Address

  • Website: http://www.bloomberry.ph
  • Address: Solaire Resort & Casino, Asean Avenue Entertainment City, Paranaque, 1701, Philippines
  • Phone: +63.2.883.8920

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