Bloomberry Resorts Corp.
In the news
- Asian equities fall amid weaker China data, Hong Kong agitation Nov 14, 2019
- Nikkei Asia 300 Index gains as trade war fears ebb Apr 5, 2018
- Philippines sees gross gaming revenue rising 9.4% to $3.57bn in 2018 Mar 20, 2018
- So who were the winners after tumultuous week? Feb 9, 2018
- Philippine casino operator to award loyal patrons with stock Jan 24, 2018 See more articles on 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
Financial Highlights
| Dec 2018 | PHP | USD |
| Revenue | 38,220.22M | 725.47M |
| Gross Profit | 27,644.09M | 524.72M |
| Operating income | 11,124.03M | 211.15M |
| Income before tax | 7,039.34M | 133.61M |
| Net income | 7,188.23M | 136.44M |
| EBITDA | 14,753.47M | 280.04M |
| Diluted EPS | 0.65 | 0.01 |
| Dividends Per Share | 0 | 0 |
| Total Assets | 126,072.27M | 2,397.49M |
| Total liabilities | 89,511.16M | 1,702.21M |
| Total equity | 36,552.12M | 695.10M |
| Operating cash flow | 18,922.72M | 359.18M |
| Currency in PHP | Currency in USD |
Historical Data
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 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 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 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 | |
| PER | 14.42 |
| ROA | 7.21% |
| ROE | 21.51% |
| Operating margin | 29.10% |
| Profit margin | 18.80% |
Key executives
- Chairman & Chief Executive Officer: Enrique Klar Razon
- President, Chief Operating Officer & Director: Thomas Arasi
- Chief Financial Officer & Treasurer: Estella Tuason-Occeña
- Vice President-Information Technology: Kel Telford
- Secretary & Compliance Officer: Silverio Benny J. Tan
Shareholders
- RAZON ENRIQUE KLAR JR (64.5%)
- Van Eck Associates Corp. (1.6%)
- The Vanguard Group, Inc. (1.0%)
- Fiera Capital, Inc. (0.8%)
- Capital International, Inc. (0.7%)
- Norges Bank Investment Management (0.7%)
- BlackRock Fund Advisors (0.6%)
- Capital Research & Management Co. (International Investors) (0.6%)
- Dimensional Fund Advisors LP (0.6%)
- Macquarie Funds Management Hong Kong Ltd. (0.5%)
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
- 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
- PH Resorts Group Holdings, Inc.
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Last Updated on 18 Nov, 2019