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Leisure & Resorts World Corporation

Company Description
Leisure and Resorts World Corporation (LR) was originally incorporated on October 10, 1957 as Atlas Fertilizer Corporation and engaged in fertilizer and industrial chemicals production. As part its corporate restructuring in 1996, LR's primary purpose was amended in 1999 to engage in realty development focusing on leisure business. However, for several years, it had minimal operations and functioned as a holding company.

Among LR's subsidiaries include AB Leisure Exponent, Inc. (ABLE), which provides amusement and recreation to the public in traditional, electronic, pulltabs and rapid bingo games. ABLE and its subsidiaries/affiliates operate 129 bingo parlors nationwide (inclusive of 6 closed bingo parlors), all of which are owned by ABLE. Two dormant parlors and two parlors are operated by minority owned affiliates.

The Company also has a 69.68% interest in First Cagayan Leisure & Resort Corporation, which has an existing license agreement with the Cagayan Economic Zone Authority to develop, operate, and conduct internet and gaming enterprises and facilities in the Cagayan Special Economic Zone Free Port. LR's other subsidiaries include Bingo Bonanza (HK) Limited; Total Gamezone Xtreme, Inc.; LR Land Developers, Inc.; Binondo Leisure Resources, Inc.; Blue Chip Gaming and Leisure Corporation; Hotel Enterprises of the Philippines; Prime Investment Korea, Inc.; and AB Leisure Global, Inc.; AB Leisure Global, Inc.

Source: SEC Form 17-A (2015)
Security Information
Sector Services
Subsector Casinos & Gaming
Corporate Life 50
Incorporation Date Oct 10, 1957
Number of Directors 11
Stockholders' Meeting as per By-Laws Last Friday of July
Fiscal Year 12/31 (Month/Day)
External Auditor R.G. Manabat & Co.
Transfer Agent Stock Transfer Service, Inc.
Contact Information
Business Address 26/F West Tower, PSE Centre, Exchange Road, Ortigas Center, Pasig City
E-mail Address lrwc@bingob.com
Telephone Number 886-0133; 637-5992 to 93 ; 6870370/6375291-93 loc 116
Fax Number 635-0993; 6870370
Website http://www.lrwc.com.ph