ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Consumer Services

Bloomberry Resorts Corp.

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. The firm engages in developing tourist facilities, casino entertainment, and hotel and amusement-themed projects. It operates through the following geographical segments: Philippines and Korea. The company was founded on May 3, 1999 and is headquartered in Paranaque, Philippines.

Financial Highlights

Dec 2022 PHPUSD
Gross Profit28,479.08M522.34M
Operating income10,683.88M195.95M
Income before tax5,141.02M94.29M
Net income5,171.88M94.86M
Diluted EPS0.470.00
Dividends Per Share00
Total Assets141,159.06M2,533.02M
Total liabilities108,003.96M1,938.07M
Total equity33,268.69M596.98M
Operating cash flow13,079.35M239.89M
Currency in PHPCurrency in USD

Historical Data

 Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022
Revenue 38,220.22M 46,337.32M 17,658.40M 21,971.17M 38,807.79M
Gross Profit 27,644.09M 34,766.04M 8,808.72M 13,590.52M 28,479.08M
Operating income 11,124.03M 15,849.69M -2,048.71M 1,676.30M 10,683.88M
Income before tax 7,039.34M 10,207.13M -8,419.23M -4,240.30M 5,141.02M
Net income 7,188.23M 9,955.05M -8,312.86M -4,219.64M 5,171.88M
EBITDA 14,753.47M 19,539.50M 1,299.74M 5,169.97M 14,194.32M
Diluted EPS 0.65 0.90 -0.75 -0.38 0.47
Dividends Per Share 0 0 0 0 0
Total Assets 126,072.27M 132,935.60M 113,706.77M 115,479.74M 141,159.06M
Total liabilities 89,511.16M 88,904.88M 80,812.76M 87,555.93M 108,003.96M
Total equity 36,552.12M 44,069.04M 32,946.81M 28,006.82M 33,268.69M
Operating cash flow 18,922.72M 15,250.42M -9,166.89M -176.86M 13,079.35M
 Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022
Revenue 725.47M 894.88M 356.01M 445.71M 711.79M
Gross Profit 524.72M 671.41M 177.59M 275.69M 522.34M
Operating income 211.15M 306.09M -41.30M 34.00M 195.95M
Income before tax 133.61M 197.12M -169.74M -86.01M 94.29M
Net income 136.44M 192.25M -167.59M -85.60M 94.86M
EBITDA 280.04M 377.35M 26.20M 104.87M 260.34M
Diluted EPS 0.01 0.01 -0.01 -0.00 0.00
Dividends Per Share 0 0 0 0 0
Total Assets 2,397.49M 2,624.85M 2,367.73M 2,264.64M 2,533.02M
Total liabilities 1,702.21M 1,755.45M 1,682.77M 1,717.03M 1,938.07M
Total equity 695.10M 870.15M 686.05M 549.23M 596.98M
Operating cash flow 359.18M 294.52M -184.81M -3.58M 239.89M

Valuation Measures

Dec 2022
Operating margin27.53%
Profit margin13.32%

Key executives

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


  • Norges Bank Investment Management (0.9%)
  • The Vanguard Group, Inc. (0.8%)
  • Van Eck Associates Corp. (0.8%)
  • Capital Research & Management Co. (International Investors) (0.7%)
  • BlackRock Fund Advisors (0.6%)
  • Capital International, Inc. (0.4%)
  • Chiron Investment Management LLC (0.4%)
  • Dimensional Fund Advisors LP (0.3%)
  • Calamos Advisors LLC (0.2%)

Contact Details

  • Website:
  • Address: Solaire Resort & Casino, Asean Avenue Entertainment City, Paranaque, 1701, Philippines
  • Phone: +63.2.883.8921

Related Companies

  • Bloom Capital BV
  • Solaire Resort & Casino
  • Solaire Korea Co. Ltd.
  • Sureste Properties, Inc.


  • Alliance Global Group Inc.
  • Universal Entertainment Corporation
  • Genting Hong Kong Limited
  • Studio City International Holdings Ltd. Sponsored ADR Class A
  • Melco Resorts & Entertainment Ltd. Sponsored ADR
  • Premium Leisure Corp.
Last Updated on 27 Mar, 2023

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more