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June 03, 2015 3:48 AM ET

Hotels, Restaurants and Leisure

Company Overview of Bloomberry Resorts Corporation

Company Overview

Bloomberry Resorts Corporation, through its subsidiaries, develops and operates hotels, casinos, and integrated tourism resorts in the Philippines. It develops and operates tourist facilities, including hotel-casino entertainment complexes; and casino-entertainment complexes with casino, hotel, retail and amusement areas, and themed development components. The company is based in Parañaque City, the Philippines. Bloomberry Resorts Corporation is a subsidiary of Prime Metroline Holdings, Inc.

1 Asean Avenue

Entertainment City

Tambo

Parañaque City,  1701

Philippines

5,177 Employees

Phone:

63 2 883 8920

Key Executives for Bloomberry Resorts Corporation

Bloomberry Resorts Corporation does not have any Key Executives recorded.

Bloomberry Resorts Corporation Key Developments

Bloomberry Resorts Corporation Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Bloomberry Resorts Corporation announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenues were PHP 6,343,128,705 compared to PHP 5,829,296,567 a year ago. Income before income tax was PHP 136,514,722 compared to PHP 1,458,894,837 a year ago. Net loss was PHP 533,054,445 compared to net income of PHP 1,461,214,471 a year ago. Basic and diluted loss per share on net loss attributable to equity holders of the parent was PHP 0.048 compared to net profit of PHP 0.138 a year ago. Net cash provided by operating activities was PHP 2,691,951,918 compared to PHP 2,696,875,945 a year ago. Additions to property and equipment were PHP 1,784,733,667 compared to PHP 4,883,045,861 a year ago. EBITDA was PHP 1,748,131,000 compared to PHP 2,153,855 a year ago. Negative return on equity was (ROE) 2.12% compared to ROE of 8.35% a year ago.

Bloomberry Plans $1 Bln Casino Deal In South Korea

Enrique Razon, Chairman of Bloomberry Resorts Corporation (PSE:BLOOM) said that the company is planning to invest more than $1 billion in an integrated casino complex in South Korea and is in talks with a potential Korean partner for the project.

Bloomberry Resorts Corporation Reports Audited Consolidated Earnings Results for the Year Ended December 31, 2014

Bloomberry Resorts Corporation reported audited consolidated earnings results for the year ended December 31, 2014. For the year, the company's total revenues were PHP 24,122,074,132 against PHP 12,343,982,542 a year ago. Income before income tax was PHP 6,482,485,536 against loss before income tax of PHP 1,160,141,807 a year ago. Net income attributable to equity holders of the parent company was PHP 4,072,401,326 against net loss attributable to equity holders of the parent company of PHP 1,315,089,966 a year ago. Basic and diluted EPS was PHP 0.382 against basic and diluted LPS of PHP 0.124 a year ago. Net cash provided by operating activities was PHP 8,128,793,510 against PHP 1,730,379,893 a year ago. Acquisition of property and equipment was PHP 10,793,501,467 against PHP 10,776,405,402 a year ago. Total capital expenditures reached PHP 14.028 billion with the completion of the Sky Tower expansion last November 2014.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 16, 2015
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