ArrowArtboardCreated with Sketch.Title ChevronCrossEye IconFacebook IconIcon FacebookGoogle Plus IconLayer 1InstagramCreated with Sketch.Linkedin IconIcon LinkedinShapeCreated with Sketch.Icon Mail ContactPath LayerIcon MailMenu BurgerIcon Opinion QuotePositive ArrowIcon PrintRSS IconIcon SearchSite TitleTitle ChevronTwitter IconIcon TwitterYoutube Icon
Consumer Services

Bloomberry Resorts Corp.

  • 9.69 PHP
  • +0.19
  • +2.00%
  • Philippines
    Aug 16, 2018
  • Ticker
    PHS(BLOOM)
  • Prev. close
    9.50
  • Market cap (PHP)
    104,582.42M
  • Market cap (USD)
    1,955.79M
  • Shares
    11,008.67M

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 2017 PHPUSD
Revenue36,650.51M726.98M
Gross Profit27,556.81M546.60M
Operating income7,927.52M157.24M
Income before tax6,295.25M124.86M
Net income6,070.71M120.41M
EBITDA12,281.37M243.60M
Diluted EPS0.540.01
Dividends Per Share00
Total Assets73,243.39M1,467.21M
Total liabilities42,958.04M860.53M
Total equity30,256.43M606.09M
Operating cash flow11,371.23M225.55M
Currency in PHPCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 12,290.33M 24,037.26M 25,039.91M 30,386.54M 36,650.51M
Gross Profit 7,371.56M 17,665.19M 15,654.56M 21,114.55M 27,556.81M
Operating income -974.76M 7,180.33M 248.58M 5,699.44M 7,927.52M
Income before tax -1,160.14M 6,482.48M -1,543.03M 3,982.14M 6,295.25M
Net income -1,315.08M 4,072.40M -3,363.51M 2,357.14M 6,070.71M
EBITDA 1,064.46M 9,998.29M 5,104.98M 10,554.48M 12,281.37M
Diluted EPS -0.12 0.38 -0.30 0.21 0.54
Dividends Per Share 0 0 0 0 0
Total Assets 40,435.33M 67,742.35M 71,256.16M 68,098.15M 73,243.39M
Total liabilities 24,402.42M 42,063.13M 49,459.24M 43,953.67M 42,958.04M
Total equity 16,032.90M 25,678.56M 21,726.52M 24,107.02M 30,256.43M
Operating cash flow 1,222.54M 6,851.14M 4,734.48M 4,243.91M 11,371.23M
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 289.39M 541.51M 549.92M 639.88M 726.98M
Gross Profit 173.57M 397.96M 343.80M 444.63M 546.60M
Operating income -22.95M 161.76M 5.45M 120.01M 157.24M
Income before tax -27.31M 146.03M -33.88M 83.85M 124.86M
Net income -30.96M 91.74M -73.86M 49.63M 120.41M
EBITDA 25.06M 225.24M 112.11M 222.25M 243.60M
Diluted EPS -0.00 0.00 -0.00 0.00 0.01
Dividends Per Share 0 0 0 0 0
Total Assets 911.06M 1,514.38M 1,514.31M 1,369.83M 1,467.21M
Total liabilities 549.82M 940.32M 1,051.09M 884.15M 860.53M
Total equity 361.24M 574.04M 461.72M 484.92M 606.09M
Operating cash flow 28.78M 154.34M 103.97M 89.36M 225.55M

Valuation Measures

Dec 2017
PER19.78
ROA8.59%
ROE22.33%
Operating margin21.63%
Profit margin16.56%

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 (64.6%)
  • Macquarie Funds Management Hong Kong Ltd. (2.1%)
  • Norges Bank Investment Management (1.1%)
  • The Vanguard Group, Inc. (1.0%)
  • Van Eck Associates Corp. (0.8%)
  • City National Rochdale LLC (0.5%)
  • Dimensional Fund Advisors LP (0.5%)
  • AllianceBernstein Ltd. (0.4%)
  • Capital Guardian Trust Co. (0.3%)
  • IKC Fonder AB (0.3%)

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.
  • Belle Corp.
  • Universal Entertainment Corporation
  • Melco Resorts and Entertainment Ltd Shs Sponsored American Deposit Receipt Repr 3 Shs
  • Premium Leisure Corp.
  • Alliance Global Group Inc.
  • Paradise Co., Ltd
Last Updated on 16 Aug, 2018

You have {{numberReadArticles}} FREE ARTICLE{{numberReadArticles-plural}} left this month

Subscribe to get unlimited access to all articles.

Get unlimited access
NAR site on phone, device, tablet

You have {{numberReadArticles}} FREE ARTICLE{{numberReadArticles-plural}} left this month

Subscribe to get unlimited access to all articles.

3 months for $9

Get unlimited access
NAR site on phone, device, tablet

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media