C03418-2018

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)
May 15, 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
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 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 CorporationBLOOM

PSE Disclosure Form 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Clarification of News Report
Source philSTAR.com
Subject of News Report News article entitled "Bloomberry unit to put up $308-M Solaire cruise port”
Date of Publication May 13, 2018
Clarification of News Report

We wish to confirm the news item entitled "Bloomberry unit to put up $308-M Solaire cruise port" posted in philstar.com, which provided:

“MANILA, Philippines — A subsidiary of Bloomberry Resorts Corp. has proposed to build a $308 million cruise port in Parañaque City, the Tourism Infrastructure and Enterprise Zone Authority(TIEZA) said.

In a statement, TIEZA said it had forwarded the proposal of Sureste Properties Inc.(SPI) for the development of the Solaire Cruise Center (SCC) to the Office of the President.

The proposal includes marine and terminal facilities, homeport and port-of-call operations, an expanded harbor offering dining, shopping, entertainment and maritime recreation, and walkable esplanades and plazas.

Envisioned to be a catalyst for economic development, SCC aims to bring home Filipinos who are working in cruise tourism and accelerate development of seafarer training in the Philippines.

The project , which is seen to help decongest traffic in airports, is expected to be completed in the next two to 10 years.

“President Duterte expressed no objection to the proposal subject to the compliance of all government required permits and environmental clearances. He made reference in particular to the impact to the environment and his policy of zero tolerance on corruption,” TIEZA said.

“By 2020, the first phase, at $82 million project cost, will prioritize the main navigation components for the SCC and the construction of the berth for the homeport (which will initially be a port-of-call facility),” TIEZA said.

“The project shall be applied for designation as a Tourism Enterprise Zone (TEZ) of TIEZA, under which the proponent can avail of fiscal and non-fiscal incentives and pursue other workable expectations,” it added.

. . . .”

We wish to clarify that Bloomberry Resorts Corporation (BLOOM) subsidiary Sureste Properties Inc. filed an application with Tourism Infrastructure and Enterprise Zone Authority(TIEZA) for the proposed Solaire cruise port project. This application is currently under evaluation with TIEZA. The cruiseport project will also require several other regulatory approvals and compliance including an Environmental Compliance Certificate (ECC) from the Department of the Environment and Natural Resources (DENR). The final configuration and cost of the cruise port project will depend on the technical study that an ECC application will require, the approvals of the regulators, and market demands.

We will make the appropriate disclosure once the cruise port project hurdles those regulatory requirements and approvals.
Other Relevant Information

None
Filed on behalf by:
Name Silverio Benny Tan
Designation Corporate Secretary