SECURITIES AND EXCHANGE COMMISSIONSEC 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)

Sep 5, 2016

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 Offices, Solaire Resort & Casino, 1 Asean Avenue, Entertainment City, Barangay Tambo, Parañaque City Postal Code 1701

8. Issuer's telephone number, including area code

(02) 883-8920

9. Former name or former address, if changed since last report

Unit 601 6th Floor Ecoplaza Bldg. Chino Roces Avenue Ext. Makati City

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, P1.00 par value	11,001,717,025

11. Indicate the item numbers reported herein

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 CorporationBLOOM

PSE Disclosure Form 4-26 - Legal Proceedings References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
The Supreme Court granted the certiorari petition of Bloomberry Resorts & Hotels Inc. (an indirect subsidiary of Bloomberry Resorts Corporation) against the imposition of corporate income tax by the Bureau of Internal Revenue (BIR) on BRHI as a licensed casino operator of the Philippine Amusement and Gaming Corporation (PAGCOR).
Background/Description of the Disclosure
Bloomberry Resorts and Hotels Inc. (BRHI) received today, 5 September 2016, a copy of the decision of the Supreme Court dated 10 August 2016 granting BRHI's certiorari petition against the BIR on the imposition of corporate income tax on income from gaming operations of BRHI as a casino duly licensed by the PAGCOR, under Revenue Memorandum Circular No. 33-2013 issued by then Commissioner Kim Henares.

Name of the court or agency in which the proceedings are pending	Supreme Court
Date Instituted	Jun 4, 2014
Docket Number	G.R. No. 212530

Principal Parties
Bloomberry Resorts and Hotels Inc. vs. Bureau of Internal Revenue, represented by Commissioner Kim S. Jacinto-Henares
Nature and description of the legal proceedings
The Supreme Court in a decision dated August 10, 2016, but only released today (September 5, 2016), has ordered the Bureau of internal Revenue (BIR) to cease and desist from imposing corporate income tax on income from gaming operations of casinos duly licensed by the Philippine Amusement and Gaming Corporation (PAGCOR). The High Court granted the certiorari petition of Bloomberry Resorts & Hotels Inc. against the BIR. Bloomberry, the casino operator in Solaire Resort & Casino filed the petition in 2014 to nullify the provision of Revenue Memorandum Circular (RMC) No. 33-1013 issued by then BIR Commissioner Kim Henares in 2013 which imposed corporate income tax on casinos. The Supreme Court affirmed Bloomberry's argument that as contracting party of PAGCOR, it was subject only to the 5% franchise tax on its gross gaming revenue, in lieu of all taxes, as provided under Section 13(2) of Presidential Decree No. 1869 (the PAGCOR Charter). The Court cited its en banc decision in PAGCOR v. The Bureau of Internal Revenue, GR No. 215427, dated December 10, 2014.
The effect(s) on the Issuer's business or operations, if any
This Supreme Court decision will allow PAGCOR and BRHI as an integrated casino resort to revert to the original license fee structure of 15% and 25% license fee (inclusive of the 5% franchise tax) for high rollers/junket and mass gaming respectively.
Other Relevant Information
None.