Bloomberry’S Consolidated Gross Revenue Gaming Orggrwas P Financial Performance and Move Onto Themore Pressing Issue That Isthepandemicand Itsglobalimpact

Total Page:16

File Type:pdf, Size:1020Kb

Bloomberry’S Consolidated Gross Revenue Gaming Orggrwas P Financial Performance and Move Onto Themore Pressing Issue That Isthepandemicand Itsglobalimpact CHAIRMAN’S REPORT | 4 REVIEW OF OPERATIONS - 2019 SUMMARY | 6 BOARD OF DIRECTORS | 18 CORPORATE MANAGEMENT | 19 CORPORATE GOVERNANCE | 20 MANAGEMENT DISCUSSION AND ANALYSIS | 22 AUDITOR’S REPORT | 56 AUDITED FINANCIAL STATEMENTS | 59 INVESTOR RELATIONS | 107 CHAIRMAN’S REPORT Good morning, ladies and gentlemen: Although this annual meeting is to review the results and performance of the Company for 2019, the global pandemic and subsequent lockdowns prevented us from holding our scheduled physical meeting last April. Therefore, we are almost halfway into 2020, and our results have been in the public domain for months. I will, therefore, just recap 2019, and move on to the more pressing issue that is the pandemic and its global impact. Financial Performance Bloomberry’s consolidated Gross Gaming Revenue or GGR was P60.374 billion, higher by 17 percent compared to P51.456 billion in 2018. GGR at Solaire hit P59.801 billion, growing by 17 percent and faster than the growth of the entire Philippine gaming market. Revenue growth was supported by a high VIP win rate and our solid performance in the mass gaming segment. In Korea, GGR at Jeju Sun increased by 18 percent despite the absence of most of the property’s non-gaming facilities which were undergoing renovations. Solaire recorded its highest annual levels of mass table drop and electronic gaming machine (EGM) coin-in. Mass table drop increased by 15 percent to P51.467 billion. EGM coin-in rose by 20 percent to P255.103 billion. VIP volumes were down to P771.417 billion, from a record P810.233 billion in 2018. Non-gaming revenues grew 21 percent to P8.154 billion from P6.756 billion. CHAIRMAN’S REPORT Operating costs and expenses were efficiently managed and grew by only 13 percent. EBITDA increased 33 percent to P19.830 billion, from P14.895 billion in 2018. Solaire’s EBITDA was P20.294 billion, a growth of 34 percent. Jeju Sun recorded negative EBITDA of P463.9 million. Net profit grew to P9.921 billion from P7.166 billion, higher by 38 percent despite foreign exchange losses and higher interest expenses. Earnings per share was 90.3 centavos in 2019, a 39 percent increase. Going forward The record performance of the Company in 2019 will no longer reflect our short term future performance, until the pandemic is over, in one way or another, whether it runs its course, or a vaccine is created in mass quantities, when this may happen, is simply a wild guess at this point. Solaire shut down when the government declared an Enhanced Community Quarantine or lockdown that began in March 14 of this year. The hotel part remained open to house long term staying guests who elected to stay in the country rather then fly out once the lockdown was implemented. At this moment, we are still with a general quarantine, and the economy has been partially reopened to limited capacity and movement with restrictions. Solaire just opened to very limited capacity a few days ago on June 15, and it is still early days to give any indication on how the business will perform. Our number one priority now is to ensure the safety and well-being of our guests and employees. We have invested heavily and have gone to extreme lengths to make Solaire and our guests as sanitized and safe as possible. We have taken every precaution and beyond with meticulous attention to the most minute detail to achieve this. We have acquired and installed the most technologically advanced cleaning and disinfecting devices, materials, and equipment globally available. We are testing and training all our employees. suppliers. contractors three times a month in our own adjacent testing facility, and will continue to do this for the foreseeable future. I am confident when I say that there is no safer facility for the public in the country today then Solaire. We have acquired and installed the most technologically advanced cleaning and disinfecting devices, materials, and equipment globally available. We are testing and training all our employees. suppliers. contractors three times a month in our own adjacent testing facility, and will continue to do this for the foreseeable future. I am confident when I say that there is no safer facility for the public in the country today then Solaire. Business development We are continuing with the construction of Solaire North in Quezon City which, given the delay due to the lockdown, should be completed by the end of 2022 or early 2023. Construction has partially restarted and the period of lockdown can be reasonably added to the completion date. We strongly believe that the timing of Solaire North could well coincide with a full economic recovery. But even during this crisis, we are still on the lookout for opportunities whose potential and valuation makes sense in this environment. Given the great uncertainty, we will exercise prudence and restraint in managing our balance sheet and finances, and when this crisis has been overcome, we look forward to being an even stronger company. Thank you. ENRIQUE K. RAZON JR. Chairman and Chief Executive Officer BLOOMBERRY RESORTS CORPORATION 2019 ANNUAL REPORT 5 REVIEW OF OPERATIONS SOLAIRE: OFFERING AN ALL IN EXPERIENCE REVIEW OF OPERATIONS OF REVIEW Sky Tower Suite Ambassador Suite Private Jet Charter VIP Gaming Salon Chairman’s Villa Pool Area BLOOMBERRY RESORTS CORPORATION 2019 ANNUAL REPORT 7 REVIEW OF OPERATIONS REVIEW OF OPERATIONS Key Financial Charts Key Financial Charts Audited Figures Audited Figures 8 BLOOMBERRY RESORTS CORPORATION 2019 ANNUAL REPORT BLOOMBERRY RESORTS CORPORATION 2019 ANNUAL REPORT 9 REVIEW OF OPERATIONS REVIEW OF OPERATIONS REVIEW OF OPERATIONS REVIEW OF OPERATIONS PROPERTY UPDATES PROPERTY UPDATES Baccarat Room & Bar Retail Players Stadium New Outlets Opened in 2019 Baccarat Room & Bar Players Stadium 10 BLOOMBERRY RESORTS CORPORATION 2019 ANNUAL REPORT BLOOMBERRY RESORTS CORPORATION 2019 ANNUAL REPORT 11 REVIEW OF OPERATIONS REVIEW OF OPERATIONS REVIEW OF OPERATIONS PROPERTY UPDATES PROPERTY UPDATES Jeju Sun Refurbishment Jeju Sun Refurbishment Main Lobby Ballroom Jeju Sun Facade Main Gaming Area Standard Double Bed Room Eclipse Sports Bar Garden Buffet Inside Dome 12 BLOOMBERRY RESORTS CORPORATION 2019 ANNUAL REPORT BLOOMBERRY RESORTS CORPORATION 2019 ANNUAL REPORT 13 REVIEW OF OPERATIONS REVIEW OF OPERATIONS AWARDS AWARDS Bloomberry Resorts Corporation Solaire Resort Forbes Travel Guide 5 Star Award for 2019 2019 Tripadvisor Travelers’ Choice Award 2019 Corporate Excellence Award for Hospitality, 2019 Most Outstanding Company in the Gaming Sector - Asiamoney Food Service & Tourism Industry - Enterprise Asia 2019 G2E Asia Awards, Best Regional Asian Integrated Resort Philippine Tatler T Dining Top 20 Best Restaurants 2019 Best Investor Relations Company Corporate Governance Asia 2019 Asia’s Best Chief Finance Officer Award 9th Asian Excellence Award 9th Asian Excellence Award 2019 Industrial Safety Award of Excellence Safety Organization of the Philippines Inc 14 BLOOMBERRY RESORTS CORPORATION 2019 ANNUAL REPORT BLOOMBERRY RESORTS CORPORATION 2019 ANNUAL REPORT 15 REVIEW OF OPERATIONS REVIEW OF OPERATIONS 2019 EVENTS 2019 EVENTS The Phantom of the Opera Sergio Mendes: Valentine Concert Solaire Pool BBQ Festival Culinary Masters: Chef Justin Quek DRUM TAO in Manila Harry Potter in Concert Gerald Santos: the Homecoming Concert Into the 80s Concert Culinary Masters: Chef Jun Yukimura Sweeney Todd Solaire Oktoberfest CATS the Musical GFORCE Project: Summer Workshop Sheena Easton Live in Manila Binondo A Tsinoy Musical Kwerdas: Noel Cabangon & Ice Seguerra Michael Learns to Rock in Manila Baby Shark Live Musical JulieSIngs the Divas MastroRy Peppa Pig Live 16 BLOOMBERRY RESORTS CORPORATION 2019 ANNUAL REPORT BLOOMBERRY RESORTS CORPORATION 2019 ANNUAL REPORT 17 Corporate Management Enrique K. Razon Jr. Chairman of the Board and Chief Executive Officer Fritz Jerrold Lacap Vice President for Business Development Thomas Arasi and Corporate Planning President and Chief Operating Officer Arnold Svahn F. Rivas Estella Tuason-Occeña Vice President for Administration ENRIQUE K. RAZON JR. Chief Financial Officer and Treasurer Chairman and Chief Executive Officer Jonas Isaac R. Ramos Gerard Angelo J. Festin Director for Investor Relations Vice President for Controllership JOSE EDUARDO J. ALARILLA Vice Chairman Property Management Enrique K. Razon Jr. Lorenzo Manalang BOARD OF DIRECTORS BOARD Chairman of the Board and Chief Executive Officer Vice President for Brand and Marketing DONATO C. ALMEDA Vice Chairman for Construction and Regulatory Affairs Thomas Arasi Kel Telford President and Chief Operating Officer Vice President for Information Technology MANAGEMENT CORPORATE Cyrus Sherafat Mario Ellefsen THOMAS ARASI Executive Vice President for Casino Marketing Vice President for Surveillance President and Chief Operating Officer Laurence Upton Michael Ray Aquino Executive Vice President for International Marketing Vice President for Security CHRISTIAN R. GONZALEZ David Batchelor Knut Becker Senior Vice President for Resort Operations Vice President for Food and Beverage Board Director Jose Mari Gajitos Michael Dinges Senior Vice President for Administration Vice President for Culinary CARLOS C. EJERCITO Arcan Lat Gianpietro Iseppi Independent Director Senior Vice President, Vice President for Hotel Operations Property Chief Financial Officer Ricky Tse Craig Umstad Vice President for Internal Audit JOSE P. PEREZ Vice President for Table Games Independent Director Maria Milagros Ermita Roberto Castro Vice President for Housekeeping
Recommended publications
  • Retirement Strategy Fund 2060 Description Plan 3S DCP & JRA
    Retirement Strategy Fund 2060 June 30, 2020 Note: Numbers may not always add up due to rounding. % Invested For Each Plan Description Plan 3s DCP & JRA ACTIVIA PROPERTIES INC REIT 0.0137% 0.0137% AEON REIT INVESTMENT CORP REIT 0.0195% 0.0195% ALEXANDER + BALDWIN INC REIT 0.0118% 0.0118% ALEXANDRIA REAL ESTATE EQUIT REIT USD.01 0.0585% 0.0585% ALLIANCEBERNSTEIN GOVT STIF SSC FUND 64BA AGIS 587 0.0329% 0.0329% ALLIED PROPERTIES REAL ESTAT REIT 0.0219% 0.0219% AMERICAN CAMPUS COMMUNITIES REIT USD.01 0.0277% 0.0277% AMERICAN HOMES 4 RENT A REIT USD.01 0.0396% 0.0396% AMERICOLD REALTY TRUST REIT USD.01 0.0427% 0.0427% ARMADA HOFFLER PROPERTIES IN REIT USD.01 0.0124% 0.0124% AROUNDTOWN SA COMMON STOCK EUR.01 0.0248% 0.0248% ASSURA PLC REIT GBP.1 0.0319% 0.0319% AUSTRALIAN DOLLAR 0.0061% 0.0061% AZRIELI GROUP LTD COMMON STOCK ILS.1 0.0101% 0.0101% BLUEROCK RESIDENTIAL GROWTH REIT USD.01 0.0102% 0.0102% BOSTON PROPERTIES INC REIT USD.01 0.0580% 0.0580% BRAZILIAN REAL 0.0000% 0.0000% BRIXMOR PROPERTY GROUP INC REIT USD.01 0.0418% 0.0418% CA IMMOBILIEN ANLAGEN AG COMMON STOCK 0.0191% 0.0191% CAMDEN PROPERTY TRUST REIT USD.01 0.0394% 0.0394% CANADIAN DOLLAR 0.0005% 0.0005% CAPITALAND COMMERCIAL TRUST REIT 0.0228% 0.0228% CIFI HOLDINGS GROUP CO LTD COMMON STOCK HKD.1 0.0105% 0.0105% CITY DEVELOPMENTS LTD COMMON STOCK 0.0129% 0.0129% CK ASSET HOLDINGS LTD COMMON STOCK HKD1.0 0.0378% 0.0378% COMFORIA RESIDENTIAL REIT IN REIT 0.0328% 0.0328% COUSINS PROPERTIES INC REIT USD1.0 0.0403% 0.0403% CUBESMART REIT USD.01 0.0359% 0.0359% DAIWA OFFICE INVESTMENT
    [Show full text]
  • FTSE Publications
    2 FTSE Russell Publications 28 October 2020 FTSE Philippines USD Net Tax Index Indicative Index Weight Data as at Closing on 27 October 2020 Constituent Index weight (%) Country Constituent Index weight (%) Country Constituent Index weight (%) Country Aboitiz Power 1.55 PHILIPPINES JG Summit Holdings 6.55 PHILIPPINES Semirara Mining and Power 0.48 PHILIPPINES Alliance Global 1.11 PHILIPPINES Jollibee Foods 2.48 PHILIPPINES SM Investments 16.27 PHILIPPINES Ayala Corporation 8.63 PHILIPPINES LT Group 1.16 PHILIPPINES SM Prime Hldgs 10.52 PHILIPPINES Ayala Land 9.44 PHILIPPINES Manila Electric 2.7 PHILIPPINES Universal Robina 4.26 PHILIPPINES Bank of The Philippine Islands 4.65 PHILIPPINES Megaworld 1.25 PHILIPPINES BDO Unibank 6.27 PHILIPPINES Metro Pacific Investments 1.97 PHILIPPINES Bloomberry Resorts 0.9 PHILIPPINES Metropolitan Bank & Trust 2.63 PHILIPPINES DMCI Holdings 0.65 PHILIPPINES PLDT 4.32 PHILIPPINES Globe Telecom 2.08 PHILIPPINES Puregold Price Club 1.44 PHILIPPINES GT Capital Holdings 1.51 PHILIPPINES San Miguel 1.28 PHILIPPINES International Container Terminal Service 4.37 PHILIPPINES San Miguel Food and Beverage 1.52 PHILIPPINES Source: FTSE Russell 1 of 2 28 October 2020 Data Explanation Weights Weights data is indicative, as values have been rounded up or down to two decimal points. Where very small values are concerned, which would display as 0.00 using this rounding method, these weights are shown as <0.005. Timing of data Constituents & Weights are generally published in arrears and contain the data as at the most recent quarter-end. However, some spreadsheets are updated on a more frequent basis.
    [Show full text]
  • SECURITIES and EXCHANGE COMMISSION SEC FORM 17-C CURRENT REPORT UNDER SECTION 17 of the SECURITIES REGULATION CODE and SRC RULE 17.2 (C) THEREUNDER
    SECURITIES AND EXCHANGE COMMISSION SEC FORM 17-C CURRENT REPORT UNDER SECTION 17 OF THE SECURITIES REGULATION CODE AND SRC RULE 17.2 (c) THEREUNDER 1. 02 April 2020 Date of Report 2. SEC Identification No: ASO93-7946 3. BIR Tax Identification No: 003-831-302-000 4. Alliance Global Group, Inc. Exact name of issuer as specified in its charter 5. Metro Manila Province, Country or other jurisdiction of incorporation or organization 6. (SEC use only) Industry classification code 7. 7th Floor, 1880 Eastwood Avenue, Eastwood City CyberPark E. Rodriguez, Jr. Avenue, Bagumbayan Quezon City, Metro Manila, Philippines, 1110 Address of issuer’s principal office 8. (632) 8709-2038 to 41 Issuer’s telephone number, including area code 9. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA: Title of Class No. of Shares of Common Stock Outstanding Common 9,818,890,379 Treasury 450,937,600 10. Item 9 (b) Please see attached disclosure filed with the Philippine Stock Exchange. S I G N A T U R E Pursuant to the requirements of the Securities Regulation Code, the Issuer has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ALLIANCE GLOBAL GROUP, INC. By: DINA D. INTING Chief Financial Officer, Compliance Officer and Corporate Information Officer 4/3/2020 Request for extension to file SEC Form 17-A CR01662-2020 The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports.
    [Show full text]
  • First Metro Consumer Fund
    FUND FACT SHEET | JUNE 26, 2020 FIRST METRO CONSUMER FUND INVESTMENT OBJECTIVE NAVPS GRAPH The Consumer Fund seeks long-term return from investments with concentration in companies that are part of the consumer industry 1.20 and derive its revenues largely on consumer related business activities. The Fund is suitable for investors who are willing to take 1.00 higher risk for potentially high capital return over the medium to 0.80 long term. 0.60 INVESTMENT INFORMATION 0.40 Fund Classification Equity Fund 0.20 Risk Profile Aggressive Fund Currency Philippine Peso 0.00 Jun-18 Jun-19 Jun-20 Inception Date January 12, 2018 Net Asset Value per Share (NAVPS) Php 0.6680 Fund Size Php 385 M YOY Return (06/26/2020) -24.80% HISTORICAL PERFORMANCE Annualized Volatility 19.35% YTD 1YR S.I.* Management Fee up to 1.750% per annum Annualized - -24.80% -13.18% Min. Initial Investment Php 5,000 Cumulative -21.35% -24.80% -29.15% Min. Add’l Investment Php 1,000 Min. Holding Period 6 months *Since Inception – January 12, 2018 Sales Load max. of 2% Exit Fee 1.00% within 6 months Redemption Notice Period max. of 7 days ASSET ALLOCATION PORTFOLIO MIX Valuation Method Marked-to-Market Custodian Bank Citibank HOLDING FIRMS Transfer Agent Metrobank Trust 53% EQUITY 87.55% 2% INDUSTRIAL CASH & 12.45% MARKET COMMENTARY OTHER ASSETS PSEi : 6,191.84, YTD : -20.77% 45% SERVICES PSEi ended at 6,191.84 pts, down by 123.23 pts. Majority of the sectors ended the week as losers: Conglomerates TOP 10 HOLDINGS (-2.35%), Industrials (-0.94%), Properties (-2.89%), Mining (+3.75%), Services (-0.04%), and Banks (-0.94%).
    [Show full text]
  • Bloomberry 1Q2021 EBITDA at P1.4 Billion, Net Loss at P781 Million Lower Year-Over-Year, but Improved from Previous Quarter
    BLOOMBERRY RESORTS CORPORATION ! (incorporated in the Philippines) PSE: BLOOM FIRST QUARTER 2021 UNAUDITED RESULTS ANNOUNCEMENT Bloomberry 1Q2021 EBITDA at P1.4 billion, net loss at P781 million Lower year-over-year, but improveD from previous quarter 1Q2021 HIGHLIGHTS: Solaire recorded 88 days of limited operations in the first quarter and was closed on March 29, 2021 as the government reverted Metro Manila and nearby provinces to Enhanced Community Quarantine (ECQ) – the strictest form of quarantine. The ECQ was eased to Modified Enhanced Community Quarantine (MECQ) on April 12, 2021. Solaire remains closed to the public. Jeju Sun in South Korea remains closed. Total GGR at Solaire was P6.9 billion, representing a decrease of 44% from P12.2 billion in the first quarter of 2020. GGR at Solaire improved by 29% compared to the fourth quarter of 2020 as domestic patron confidence improved prior to the return to ECQ at the end of March. Consolidated net revenue was P5.5 billion, representing a decline of 41% year-over-year. Consolidated EBITDA was P1.4 billion, representing a decrease of 59% from P3.5 billion in the same quarter last year and meaningfully higher than the P129.3 million consolidated EBITDA recorded in the fourth quarter of 2020. Consolidated net loss was P780.8 million, representing a reversal from P1.4 billion net profit in the same quarter last year. Net loss improved by 68% compared to the P2.5 billion net loss reported in the fourth quarter of 2020. Consolidated cash and cash equivalents balance as of March 31, 2021 was P23.4 billion.
    [Show full text]
  • Corporate Governance Issues in Philippine-Listed Companies
    Philippine Management Review 2019, Vol. 26, 1-16. Corporate Governance Issues in Philippine-Listed Companies Arthur S. Cayanan* University of the Philippines, Cesar E.A. Virata School of Business, Diliman, Quezon City 1101, Philippines This paper discusses corporate governance issues in Philippine-listed companies such as ownership structure, separation of Chairman and CEO positions, independent directors, related party transactions, among others, and how non-controlling stockholders are adversely affected by these issues. The paper also assesses the sufficiency of existing rules and regulations and the effectiveness of regulators in protecting minority interest. 1 Introduction Corporate Governance is defined as the system of stewardship and control to guide organizations in fulfilling their long-term economic, moral, legal and social obligations towards their stakeholders.1 On November 10, 2016, the Securities and Exchange Commission (SEC) approved the Code of Corporate Governance for Publicly-Listed Companies (CG Code for PLCs).2 The Code provides a list of the governance responsibilities of the board of directors (BOD), corporate disclosure policies, standards for the selection of external auditor, and duties to stockholders, among others. In this paper, emphasis will be on ownership structure, the positions of Chairman and Chief Executive Officer (CEO) being held by separate individuals, the independence of independent directors, some related party transactions, and how these issues affect the interest of non-controlling stockholders.3 2 Objectives This study has the following objectives: 1. To assess some corporate governance practices of the 30 Philippine Stock Exchange index (PSEi) PSEi-indexed stocks, e.g., ownership structure, different individuals holding the positions of the chairman of the BOD and CEO, related party transactions, and tender offers.
    [Show full text]
  • BLAZING NEW TRAILS Annual Report 2017 BLAZING NEW TRAILS
    BLAZING NEW TRAILS annual report 2017 BLAZING NEW TRAILS annual report WHAT’S INSIDE 1 2 4 6 Financial Highlights Chairman’s Message At a Glance AGI Subsidiaries 10 12 14 16 Residentials Offices Lifestyle Malls Hotels 18 20 24 28 Leisure and Entertainment Spirits Quick Service Restaurants Infrastructure 30 34 38 57 Corporate Social Raising the Bar Board of Directors Financials Responsibility and Key Officers Our Cover The cover design depicts AGI as a hi-tech shuttle, entering a threshold like a portal to the future, bringing the country into a whole new world. With its bright headlights illuminating visions of milestone achievements, emerging along its path, it continues blazing new trails as it moves headstrong, fast and sure into the far horizons. financial highlights 141.6 139.7 139.1 124.9 17% 119.7 10-year CAGR* 102.1 63.0 44.5 33.3 37.3 revenues (in billion Pesos) 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 39.9 38.7 17% 35.9 33.4 35.0 10-year CAGR* 32.4 18.9 14.5 8.9 6.7 EBITDA (in billion Pesos) 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 22.8 21.8 21.8 16% 20.9 * 20.5 10-year CAGR 19.4 11.6 6.9 8.0 7.7 6.6 5.6 7.7 1.8 14.9 14.8 14.0 9.5 13.9 13.8 13.2 5.2 9.8 3.3 2.6 2.0 6.9 2.2 3.2 NET PROFIT (in billion Pesos) 1.1 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Owners of AGI Non-controlling interest All figures exclude non-recurring items *CAGR is compound annual growth rate BLAZING NEW TRAILS / 2017 ANNUAL REPORT 1 2 chairman’s message Visioning Beyond Tomorrow P141.6 B consolidated revenues P21.8 B net income he year 2017 Our property arm, Its world-class and high-tech t was marked Megaworld Corporation, office buildings are home to by trailblazing posted another stellar a number of multinationals achievements, unprecedented performance as net income belonging to the Fortune in the history of Alliance reached P13.2 billion on 500 companies.
    [Show full text]
  • Securities and Exchange Commission Sec Form 17-C
    C04477-2018 SECURITIES AND EXCHANGE COMMISSION SEC FORM 17-C CURRENT REPORT UNDER SECTION 17 OF THE SECURITIES REGULATION CODE AND SRC RULE 17.2(c) THEREUNDER 1. Date of Report (Date of earliest event reported) Jun 27, 2018 2. SEC Identification Number A1999-04864 3. BIR Tax Identification No. 204-636-102 4. Exact name of issuer as specified in its charter Bloomberry Resorts Corporation 5. Province, country or other jurisdiction of incorporation Philippines 6. Industry Classification Code(SEC Use Only) 7. Address of principal office The Executive Office, Solaire Resort & Casino, 1 Asean Avenue, Entertainment City, Barangay Tambo, Parañaque City Postal Code 1701 8. Issuer's telephone number, including area code (02) 8838920 9. Former name or former address, if changed since last report N/A 10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding Unclassified Shares 11,013,030,591 11. Indicate the item numbers reported herein Item (9) Other Events The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party. Bloomberry Resorts Corporation BLOOM PSE Disclosure Form 10-1 - Acquisition or Disposition of Shares by Subsidiaries/Affiliates Reference: Section 10 of the Revised Disclosure Rules Subject of the Disclosure Acquisition and/or Sale of BLOOM Shares by Bloomberry Resorts & Hotels Inc.
    [Show full text]
  • Securities and Exchange Commission Sec Form 17-Q
    CR07221-2019 SECURITIES AND EXCHANGE COMMISSION SEC FORM 17-Q QUARTERLY REPORT PURSUANT TO SECTION 17 OF THE SECURITIES REGULATION CODE AND SRC RULE 17(2)(b) THEREUNDER 1. For the quarterly period ended Sep 30, 2019 2. SEC Identification Number ASO93-7946 3. BIR Tax Identification No. 003-831-302-000 4. Exact name of issuer as specified in its charter Alliance Global Group, Inc. 5. Province, country or other jurisdiction of incorporation or organization Metro Manila 6. Industry Classification Code(SEC Use Only) 7. Address of principal office 7th Floor, 1880 Eastwood Avenue, Eastwood City CyberPark, 188 E. Rodriguez Jr. Avenue, Bagumbayan, Quezon City Postal Code 1110 8. Issuer's telephone number, including area code (632)-8709-2038 to 41 9. Former name or former address, and former fiscal year, if changed since last report N/A 10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding Common 9,945,268,939 Treasury 324,559,040 11. Are any or all of registrant's securities listed on a Stock Exchange? Yes No If yes, state the name of such stock exchange and the classes of securities listed therein: Philippine Stock Exchange; Common Shares 12. Indicate by check mark whether the registrant: (a) has filed all reports required to be filed by Section 17 of the SRC and SRC Rule 17 thereunder or Sections 11 of the RSA and RSA Rule 11(a)-1 thereunder, and Sections 26 and 141 of the Corporation Code of the Philippines, during the preceding twelve (12) months (or for such shorter period that the registrant was required to file such reports) Yes No (b) has been subject to such filing requirements for the past ninety (90) days Yes No The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports.
    [Show full text]
  • 2020 BRC Sustainability Report.Pdf
    ABOUT THE REPORT 102-45, 102-50, 102-51, 102-52, 102-53, 102-54 United in Resilience is the theme of Solaire business and profit interests while keeping in mind Resort and Casino's ("Solaire") 2020 Economic, its responsibilities to its customers, employees, Environmental, Social, and Governance (EESG) society and the environment. The company’s Report. Solaire is owned and operated by Sureste efforts toward ethical business practices in its value Properties Inc. (Sureste), and Bloomberry Resorts chain are similarly presented in this publication. and Hotels Inc. (BRHI) - both subsidiaries of The reporting framework prescribed in the Global Bloomberry Resorts Corporation (Bloomberry). Reporting Initiative (GRI) Standards: Core option is applied throughout this publication, along with the Since its first report in 2019, Solaire continues to Hotel & Lodging, Casino & Gaming, and Restaurants provide an annual published summary of Solaire’s Standards from the Sustainability Accounting triple bottom line performance for the year. This Standards Board (SASB). The report also builds on report, covering January 1 to December 31, 2020, the initial alignments of Solaire’s operations with accounts for Solaire’s operations in the Philippines the UN Sustainable Development Goals (SDGs). — from the company’s gaming and resort operations The complete list of GRI material topics and its to its retail and performing arts platforms. It also boundaries are presented in pages 16-20. These includes actions that were taken during the natural disclosure levels are detailed in the GRI Index at calamities in 2020, including the Taal eruption and the end of this report (page 59). The company the COVID-19 Pandemic.
    [Show full text]
  • 2018 Annual Report
    2018 ANNUAL REPORT Chairman’s Report Review of Operations Corporate Citizenship Corporate Governance Management’s Discussion and Analysis Consolidated Financial Statements Independent Auditor’s Report Consolidated Statements of Financial Position Consolidated Statements of Comprehensive Income Consolidated Statements of Changes in Equity Consolidated Statements of Cash Flow Notes to Consolidated Financial Statements Board of Directors Corporate Management Investor Relations SOLAIRE FACADE CHAIRMAN’S REPORT Ladies and gentlemen: and Sky Towers was 92.6 percent compared to 90.7 percent in the previous year. 2018 was a challenging year for the Philippine economy as it grappled with the inflation impact of the TRAIN law, higher oil prices and interest In 2018, our consolidated operating costs and expenses increased rates, and a weaker peso. However, despite all these challenges, the by only 8 percent to P27.096 billion, from P25.094 billion owing to economy showed its resilience, recording real GDP growth of 6.2 diligence in managing our expenses by rolling out cost-containment percent for the year. This marked the seventh straight year that the initiatives and programs. Philippine economy grew by at least 6 percent. Apart from consumer spending, which accounts for over 70 percent of GDP, gross fixed Bloomberry’s consolidated EBITDA increased by 21 percent to P14.895 capital formation sustained economic growth, particularly due to the billion, from P12.348 billion. Solaire’s EBITDA was P15.135 billion, government’s pursuit of its Build Build Build program. The country representing an increase of 20 percent. The Korea business reduced remained one of the fastest-growing economies in Asia, just next to its negative EBITDA to P240 million, from a negative P259 million in India, Vietnam and China, and ahead of Indonesia and Thailand.
    [Show full text]
  • Parametric Emerging Markets Fund
    Click here to view the Fund’s Summary Prospectus STATEMENT OF Click here to view the Fund’s Prospectus ADDITIONAL INFORMATION June 1, 2021 Parametric Emerging Markets Fund Investor Class Shares - EAEMX Class C Shares - ECEMX Institutional Class Shares - EIEMX Class R6 Shares - EREMX Two International Place Boston, Massachusetts 02110 1-800-260-0761 This Statement of Additional Information (“SAI”) provides general information about the Fund. The Fund is a diversified, open-end management investment company. The Fund is a series of Eaton Vance Mutual Funds Trust. Capitalized terms used in this SAI and not otherwise defined have the meanings given to them in the Prospectus. This SAI contains additional information about: Page Page Strategies and Risks 2 Sales Charges 22 Investment Restrictions 4 Disclosure of Portfolio Holdings and Related Information 23 Management and Organization 6 Taxes 24 Investment Advisory and Administrative Services 15 Portfolio Securities Transactions 34 Other Service Providers 18 Potential Conflicts of Interest 37 Calculation of Net Asset Value 19 Financial Statements 43 Purchasing and Redeeming Shares 20 Additional Information About Investment Strategies and Risks 43 Appendix A: Investor Class Fees and Ownership 76 Appendix D: Class R6 Ownership 79 Appendix B: Class C Fees and Ownership 77 Appendix E: Eaton Vance Funds Proxy Voting Policy and Procedures 80 Appendix C: Institutional Class Ownership 78 Appendix F: Parametric Portfolio Associates LLC Proxy Voting Policies and Procedures 82 This SAI is NOT a prospectus and is authorized for distribution to prospective investors only if preceded or accompanied by the Fund Prospectus dated June 1, 2021, as supplemented from time to time, which is incorporated herein by reference.
    [Show full text]