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Consumer Services

Bloomberry Resorts Corp.

  • 11.66 PHP
  • -0.14
  • -1.19%
  • Philippines
    Jul 15, 2019
  • Ticker
    PHS(BLOOM)
  • Prev. close
    11.80
  • Market cap (PHP)
    130,146.11M
  • Market cap (USD)
    2,550.88M
  • Shares
    11,029.33M

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.

Business Summary

Bloomberry Resorts Corp. operates as a holding company, which engages in developing tourist facilities, casino entertainment, and hotel and amusement-themed projects. It operates through the Philippines and Korea geographical segments. The company was founded on May 3, 1999 and is headquartered in Paranaque, Philippines.

Financial Highlights

Dec 2018 PHPUSD
Revenue38,220.22M725.47M
Gross Profit27,644.09M524.72M
Operating income11,124.03M211.15M
Income before tax7,039.34M133.61M
Net income7,188.23M136.44M
EBITDA14,753.47M280.04M
Diluted EPS0.650.01
Dividends Per Share00
Total Assets126,072.27M2,397.49M
Total liabilities89,511.16M1,702.21M
Total equity36,552.12M695.10M
Operating cash flow18,922.72M359.18M
Currency in PHPCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 24,037.26M 25,039.91M 30,386.54M 36,650.51M 38,220.22M
Gross Profit 17,665.19M 15,654.56M 21,114.55M 27,556.81M 27,644.09M
Operating income 7,180.33M 248.58M 5,699.44M 7,927.52M 11,124.03M
Income before tax 6,482.48M -1,543.03M 3,982.14M 6,295.25M 7,039.34M
Net income 4,072.40M -3,363.51M 2,357.14M 6,070.71M 7,188.23M
EBITDA 9,998.29M 5,104.98M 10,554.48M 12,281.37M 14,753.47M
Diluted EPS 0.38 -0.30 0.21 0.54 0.65
Dividends Per Share 0 0 0 0 0
Total Assets 67,742.35M 71,256.16M 68,098.15M 73,243.39M 126,072.27M
Total liabilities 42,063.13M 49,459.24M 43,953.67M 42,958.04M 89,511.16M
Total equity 25,678.56M 21,726.52M 24,107.02M 30,256.43M 36,552.12M
Operating cash flow 6,851.14M 4,734.48M 4,243.91M 11,371.23M 18,922.72M
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 541.51M 549.92M 639.88M 726.98M 725.47M
Gross Profit 397.96M 343.80M 444.63M 546.60M 524.72M
Operating income 161.76M 5.45M 120.01M 157.24M 211.15M
Income before tax 146.03M -33.88M 83.85M 124.86M 133.61M
Net income 91.74M -73.86M 49.63M 120.41M 136.44M
EBITDA 225.24M 112.11M 222.25M 243.60M 280.04M
Diluted EPS 0.00 -0.00 0.00 0.01 0.01
Dividends Per Share 0 0 0 0 0
Total Assets 1,514.38M 1,514.31M 1,369.83M 1,467.21M 2,397.49M
Total liabilities 940.32M 1,051.09M 884.15M 860.53M 1,702.21M
Total equity 574.04M 461.72M 484.92M 606.09M 695.10M
Operating cash flow 154.34M 103.97M 89.36M 225.55M 359.18M

Valuation Measures

Dec 2018
PER14.42
ROA7.21%
ROE21.51%
Operating margin29.10%
Profit margin18.80%

Key executives

  • Chairman & Chief Executive Officer: Enrique Klar Razon
  • President, Chief Operating Officer & Director: Thomas Arasi
  • Chief Financial Officer & Treasurer: Estella Tuason-Occe├▒a
  • Vice President-Information Technology: Kel Telford
  • Secretary & Compliance Officer: Silverio Benny J. Tan

Shareholders

  • RAZON ENRIQUE KLAR JR (64.4%)
  • Van Eck Associates Corp. (1.5%)
  • Capital International, Inc. (1.2%)
  • The Vanguard Group, Inc. (1.0%)
  • Macquarie Funds Management Hong Kong Ltd. (0.8%)
  • Fiera Capital, Inc. (0.8%)
  • Norges Bank Investment Management (0.7%)
  • Capital Guardian Trust Co. (0.6%)
  • BlackRock Fund Advisors (0.6%)
  • Capital Research & Management Co. (International Investors) (0.6%)

Contact Details

  • Website:http://www.bloomberry.ph
  • Address: Solaire Resort & Casino, Asean Avenue Entertainment City, Paranaque, 1701, Philippines
  • Phone: +63.2.883.8921

Related Companies

  • Solaire Resort & Casino
  • Solaire Korea Co. Ltd.

Competitors

  • Melco Resorts and Entertainment (Philippines) Corporation
  • Travellers International Hotel Group, Inc.
  • Universal Entertainment Corporation
  • Melco Resorts and Entertainment Ltd Shs Sponsored American Deposit Receipt Repr 3 Shs
  • Premium Leisure Corp.
  • Studio City International Holdings Ltd. Sponsored ADR Class A
  • Alliance Global Group Inc.
  • Paradise Co., Ltd
Last Updated on 15 Jul, 2019

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