September 26, 2016 9:18 AM ET

Hotels, Restaurants and Leisure

Company Overview of AB Leisure Exponent, Inc.

Company Overview

AB Leisure Exponent, Inc., doing business as Bingo Bonanza Corporation, provides professional bingo gaming operations. The company operates bingo parlors and equipments. The company was founded in 1993 and is based in Pasig City, the Philippines. AB Leisure Exponent, Inc. operates as a subsidiary of Leisure & Resorts World Corporation.

26th Floor West Tower

Philippine Stock Exchange Center

Exchange Road, Ortigas Center

Pasig City,  1605

Philippines

Founded in 1993

Phone:

63 2 637 5291

Fax:

63 2 637 5656

Key Executives for AB Leisure Exponent, Inc.

AB Leisure Exponent, Inc. does not have any Key Executives recorded.

AB Leisure Exponent, Inc. Key Developments

Bingo Bonanza Corporation Announces Unaudited Earnings Results for the First Quarter Ended March 31, 2016

Bingo Bonanza Corporation announced unaudited earnings results for the first quarter ended March 31, 2016. For the quarter, the company generated total revenues of PHP 1,710.4 million, a significant improvement from the PHP 1,329.1 million revenues for the same period last year. The company posted unaudited net income (net of minority share) more than doubled to PHP 95.6 million for the first quarter of 2016 from same period last year of PHP 42.5. The improvement in net income is a result of the increase in revenues slightly offset by corresponding increase in costs and operating expenses.

ABLE Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

ABLE reported consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total revenues of PHP 1,026.7 million for the third quarter of 2014, a PHP 32.2 million or 3.2% improvement from the PHP 994.5 million revenues during the same period last year. The increase is attributable to the increase in the sales of: Electronic Bingo (E-Bingo) by PHP 75.6 million or 15.0% and Pull Tabs by PHP 2.1 million or 191.5% partially offset by the decrease in the sales of: Traditional Bingo by PHP 18.9 million or 4.7% and Rapid Bingo by PHP 26.7 million or 30.6%. Net income (net of minority share) was PHP 34.2 million, posting an increase of PHP 10.5 million or 44.4% from the PHP 23.7 million net income during the same period last year. The improvement in net income is a result of the increase in revenues coupled with the decrease in costs and operating expenses. For the nine months, the company’s revenues amounted to PHP 3,116.9 million, an increase of PHP 104.0 million or 3.5% from the PHP 3,012.9 million total revenues for the same period last year. The increase in Revenue was mainly due to the increase in revenues generated from: Electronic Bingo (E-Bingo) by PHP 235.7 million or 16.0% and Pull Tabs by PHP 5.3 million or 175.9% partially offset by the decreases in: Traditional Bingo by PHP 76.1 million or 6.1% and Rapid Bingo by PHP 61.0 million or 22.2%. Net income (net of minority share) was PHP 107.4 million, a PHP 32.0 million or 42.4% increase from the PHP 75.4 million net income for the same period last year. The increase in revenues coupled with the decrease in costs and operating expenses contributed to the improvement of the net income.

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