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)
Feb 29, 2024
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
Metro Manila, 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 CityPostal Code1701
8. Issuer's telephone number, including area code
+632 88838920
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
11,430,368,194
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 Article entitled "BIZ BUZZ: Razon’s Jeju casino up for sale (again)”
Source
Inquirer.net
Subject of News Report
News Article entitled "BIZ BUZZ: Razon’s Jeju casino up for sale (again)”
Date of Publication
Feb 29, 2024
Clarification of News Report
Gentlemen:
We write in connection with your letter to Bloomberry Resorts Corporation ("BLOOM") dated February 29, 2024 seeking clarification and/or confirmation relating to the news article entitled “BIZ BUZZ: Razon’s Jeju casino up for sale (again)” posted in Inquirer.net on February 29, 2024, which reported in part that:
“Rumors are resurfacing that Enrique Razon Jr.’s Bloomberry Resorts Corp. is moving to sell Jeju Sun Hotel & Casino in South Korea as gamblers return to travel.
Bloomberry, after a failed attempt to sell Jeju Sun in 2016, is now focused on offloading the overseas asset to concentrate on its expansion in the Philippines. After all, the company has a busy pipeline of domestic projects with the expected opening of Solaire Resort North in Quezon City by the middle of 2024 before proceeding with the development of its sprawling property in Ternate, Cavite.
. . . .
A source told Biz Buzz that Jeju Sun has been for sale for a while now but there are still no compelling offers to date.
. . . .”
BLOOM hereby clarifies that it is open to the possibility of selling its interest in Jeju Sun Hotel & Casino and there had been several expressions of interests and offers in the past. But there is no imminent deal with respect to the sale of Jeju Sun Hotel & Casino although there is growing interest on the property from potential buyers.