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It engages in
developing tourist facilities, casino entertainment, and hotel and amusement-themed projects. It was
was founded on May 3, 1999 and is headquartered in Parañaque, Philippines.
History
1999 - Bloomberry was mainly engaged in the manufacture and distribution of consumer
communication and electronic equipment and operated within the Subic Bay Freeport Zone (SBFZ) until
2003.
As of December 31, 2011 - Bloomberry, was a majority-owned subsidiary of Wespac Holdings
Incorporated (WHI).
On February 6, 2012 - Prime Metroline Holding sold 100% of its ownership interest in Sureste
Properties, Inc. (Sureste), to Bloomberry for 5.9 billion.
As of December 31, 2016 - Bloomberry’s subsidiaries include Sureste and its wholly-owned subsidiary,
Bloomberry Resorts and Hotels, Inc. (BRHI), Bloom Capital B.V and its subsidiary Solaire de Argentina
S.A., Solaire Korea Co., Ltd and its subsidiaries Golden & Luxury Co., Ltd and Muui Agricultural
Corporation.
BLOOMBERRY RESORTS AND HOTELS INC. is located at Solaire Executive Offices, Solaire Resort and
Casino, Asean Ave., Entertainment City, Paranaque City.
Enrique K. Razon Jr. – Chairman & CEO Cyrus Sherafat – Executive VP Casino Mktg.
Laurence Upton – Executive VP Intl. Mktg.
Thomas Arasi – President & COO
Rajesh Jhingon – Senior VP Resort Operations
Estella Tuason-Occeña – Treasurer & CFO Theunis D. van Niekerk - Senior VP Construction
Jojo Mari Gajitos - Senior VP Admin
Gerard J. Festin – VP Controllership
Arcan Lat – Senior VP, Property CFO
Fritz Jerrold Lacap - VP BusDev & CorpPlan Noel Santos – VP Human Resources
Creditors
BDO Unibank Inc., China Banking Corp., and Philippine National Bank as expansion lenders
Regulators
PAGCOR issued to BRHI a provisional license for the development of an integrated casino, hotel
and entertainment complex within Entertainment City.
Sureste is a PEZA-registered Tourism Economic Zone Enterprise for the construction,
development, management and operation of a hotel and entertainment complex
Company’s Vision-Mission
Vision
Solaire will be the best ultimate gaming resort in the Philippines.
Mission
Working in harmony, we create exceptional, stimulating and memorable experience for our guests by
consistently providing incomparable, personalized service with delightful surprises in our beautiful
environment. With a culture built upon a foundation of doing the simple things well with attention to
detail, enthusiasm and passion, we will exceed guest expectations and create a sense of team member
pride and fulfillment.
Our success will result in superior return for our shareholders, contribute to the restoration of the
Philippines as a premier tourist destination, create jobs and improve the economy.
Resources/Properties
83,084 square meters of land for the construction of the gaming facility.
12.2 hectares located in Muui Island in the Republic of Korea.
Silmi Island that has an area of 20.96 hectares and is adjacent to the 12.2 hectares property in
Muui Island.
Solaire Korea’s investment interest in agricultural land.
Financial Ratios
Profitability Efficiency
Gross Margin +69.49 Receivables Turnover 10.26
Operating Margin +18.76 Total Assets Turnover 0.44
Net Margin +7.76
Return on Assets 3.38 Liquidity
Return on Equity 10.29 Current Ratio 1.77
Return on Total Cap. 4.02 Quick Ratio 1.73
Cash Ratio 1.38
Valuation
P/E Ratio 20.20 Capital Structure
EPS 0.22 TDebt to TEquity 141.36
Price to Sales Ratio 2.23 TDebt to TCapital 58.57
TDebt to TAssets 50.04