Asia300

Bloomberry Resorts Corp.

Philippines

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Oct 19, 2017
Prev close: 10.04
Oct 19, 2017
Market cap:
Market cap(USD):
110,457.23M
2,144.38M
Shares: 11,001.71M

Currency in PHP

Company profile

Market(Ticker): PHS(BLOOM)
Sector:
Industry:
Consumer Services
Casinos/Gaming
Full time employees: 5,272

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 2016

  • Local currency
  • US Dollar
Revenue 30,386.54M
Gross profit 21,114.55M
Operating income 5,699.44M
Income before tax 3,982.14M
Net income 2,357.14M
EBITDA 10,554.48M
Diluted EPS 0.21
Dividends per share 0
Total assets 68,098.15M
Total liabilities 43,953.67M
Total equity 24,107.02M
Operating cash flow 4,243.91M

Currency in PHP

Revenue 639.88M
Gross profit 444.63M
Operating income 120.01M
Income before tax 83.85M
Net income 49.63M
EBITDA 222.25M
Diluted EPS 0.00
Dividends per share 0
Total assets 1,369.83M
Total liabilities 884.15M
Total equity 484.92M
Operating cash flow 89.36M

Currency in USD

Valuation measures

Dec 2016

PER 28.73
ROA 3.38%
ROE 10.28%
Operating margin 18.75%
Profit margin 7.75%

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(65.7%)
  • Norges Bank Investment Management(1.4%)
  • The Vanguard Group, Inc.(1.0%)
  • Dimensional Fund Advisors LP(0.4%)
  • IKC Fonder AB(0.3%)
  • Parametric Portfolio Associates LLC(0.2%)
  • RAM Active Investments SA(0.2%)
  • Victory Capital Management, Inc.(0.1%)
  • William Blair Investment Management LLC(0.1%)
  • Natixis Asset Management Asia Ltd.(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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