Bloomberry Resorts Corp. () is a

holding company A holding company is a company whose primary business is holding a controlling interest in the Security (finance), securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own Share ...

in the Philippines registered with the

Securities and Exchange Commission The United States Securities and Exchange Commission (SEC) is an independent agency of the United States federal government, created in the aftermath of the Wall Street crash of 1929. Its primary purpose is to enforce laws against market m ...

engaged in amusement, tourist facilities, gaming, and hotel businesses. It was incorporated on May 3, 1999 and led by Enrique Razon.

Background

The company's former name was Active Alliance, Incorporated and 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. It was listed on the

Philippine Stock Exchange The Philippine Stock Exchange, Inc. (; ) is the national stock exchange of the Philippines. The exchange was created in 1992 from the merger of the Manila Stock Exchange and the Makati Stock Exchange. Including previous forms, the exchange has ...

on Oct 17, 2000. In 2013 it was included in the

PSE Composite Index The PSE Composite Index, or the PSEi (previously PHISIX), is a stock market index of the Philippine Stock Exchange (PSE) always consisting of 30 of the largest companies traded on the stock exchange. This is in contrast to the PSE All Shares ...

and was removed from the list and replaced with

Security Bank Security Bank Corporation (SBC, ) is a universal bank in the Philippines. It was established on June 18, 1951, as Security Bank and Trust Company and was the first private and Filipino-controlled bank of the post-World War II period. Security ...

three years later. It was included again on the index on February 18, 2019. Bloomberry operates the Solaire Resort and Casino, the company's flagship business, and Jeju Sun Hotel & Casino in

Jeju Island Jeju Island (Jeju language, Jeju/) is South Korea's largest island, covering an area of , which is 1.83% of the total area of the country. Alongside outlying islands, it is part of Jeju Province and makes up the majority of the province. The i ...

South Korea South Korea, officially the Republic of Korea (ROK), is a country in East Asia. It constitutes the southern half of the Korea, Korean Peninsula and borders North Korea along the Korean Demilitarized Zone, with the Yellow Sea to the west and t ...

. In February 2019, the company secured loans for the construction of its second hotel and gaming resort called Solaire North in

Quezon City Quezon City (, ; ), also known as the City of Quezon and Q.C. (read and pronounced in Filipino language, Filipino as Kyusi), is the richest and List of cities in the Philippines, most populous city in the Philippines. According to the 2020 c ...

, set to open in 2022.

Subsidiaries

Among its subsidiaries are Sureste Properties, Inc. and Bloomberry Resorts and Hotels, Inc (BRHI), which holds the hotel and gaming licenses for Solaire Resort and Casino. Another subsidiary formed in 2019, Bloomberry Cruise Terminal, Inc. (BCTI), manages and operates BRC's cruise terminal business, including the newly constructed Ilocos Cruise Port in Salomague,

Ilocos Sur Ilocos Sur (), officially the Province of Ilocos Sur (; ), is a Provinces of the Philippines, province in the Philippines located in the Ilocos Region in Luzon. Located on the mouth of the Mestizo River is the capital of Vigan, while Candon is ...

; and Solaire Cruise Center and Yacht Harbor, a planned cruise terminal adjacent to the Solaire Manila property in

Entertainment City Entertainment City, also known as E-City (formerly PAGCOR City and Manila Bay Tourism City), is a gaming and entertainment complex under development by PAGCOR spanning an area of in Bay City, Metro Manila. It was first envisioned by PAGCOR in 2 ...

. In South Korea, subsidiary Golden & Luxury Co., Ltd, operates Jeju Sun Hotel & Casino and Muui Agricultural Corporation is the owner of real estate property in Muui island.

References

{{PSEi Holding companies of the Philippines Conglomerate companies of the Philippines Companies listed on the Philippine Stock Exchange Companies established in 1993 Companies based in Parañaque 1993 establishments in the Philippines Companies in the PSE Composite Index