Our Business Groups

LRWC’s 2015 Full Year Net Income up 37% and tops the P1Billion Peso Mark to end at P1.030B.

Our core business divisions fueled this increase. We will continue growing these divisions as well as our casino and property group for 2016 and beyond.

 

 

Expanding Horizons

RETAIL GROUP – Retail Business Units continues to be a strategic priority in increasing LRWC’s reach and depth of the growing gaming market. 

Bingo Operations

 AB_LeisureLogoAB Leisure Exponent, Inc. (ABLE) is the pioneer in professional bingo gaming in the Philippines and a 100% subsidiary of the Company. It is also popularly known as Bingo Bonanza Corporation.  ABLE is the operator and licensee of Philippine Amusement and Gaming Corporation (PAGCOR) for bingo games. The bingo parlors have become community and entertainment centers, a source of revenue for the government, and a sponsor for fund-raising activities relating to social and educational programs.  It continues to be the biggest contributor to the Company’s gross revenue.

Bingo Bonanza continues to dominate professional bingo game in the country with a 35% percent market share. As of the end of 2015, there were 119 strategically located bingo halls, 47 of which are in the traditional bingo sites and 72 are Bingo Boutiques sites. The bingo parlors started with traditional bingo games. Bingo Boutiques are compact bingo parlors that contain mainly electronic machines.

The Company was one of the pioneers in introducing Electronic Bingo games (E-bingo).  The popularity of these machines has swelled and has now become the ABLE’s principal product line. E-bingo is played through an electronic bingo machine, which generates the games and the cards. A total of 8,585 E-bingo machines were installed in 119 affiliated bingo parlors as of December 2015.  The dynamic transition to electronic games was due to the technological advances made in the gaming industry.

Traditional bingo games as well as the bingo halls will continue and these games will thrive as the Company continues to innovate by introducing game variations.  The company also added the Video Link Bingo.  This system enables bingo players in one parlor to play simultaneously the same game with players in other parlors for bigger payouts.

To maintain its edge, the renovation of existing bingo halls is an ongoing project to make our sites more appealing and comfortable for our patrons.

 

 eCasino Operations

TGXI LogoOn 21 July 2014, the Company acquired Total Gamezone Xtreme, Inc. (TGXI), the operator and licensee of PAGCOR eGames stations (PeGS) that act as a site where one can play casino games on computer terminals.  PEGS are open 24 hours a day, 7 days a week and are located all over Metro Manila and nearby areas.

The company continues to expand its operations through rebranding of existing PeGS, setting up new gaming venues in new locations, and acquiring existing branches from other operators. As of 31 December 2015, TGXI has 53 branches with a total of 1,974 terminals.

ONLINE GROUP

Master Gaming Licensor and Regulator

2 FC logoFirst Cagayan Leisure & Resort Corporation (First Cagayan) is the exclusive Master Licensor for Interactive Gaming of the Cagayan Economic Zone Authority (CEZA). First Cagayan assists CEZA in licensing, monitoring and regulating all i-Gaming activities of gaming operators and entities located in the Cagayan Special Economic Zone and Freeport (CSEZFP).

CEZA holds the advantage of being the jurisdiction of choice for iGaming operators in Asia. CEZA charges a hosting fee for gaming operators to locate their operations in the Philippines. First Cagayan shares in the revenue but spends for all expenses related to promoting, licensing and regulating the jurisdiction. All hosting fee revenues come from overseas clients and operators are not allowed to have any clients from the Philippines.

First Cagayan has set up a Network Operations Center (NOC) within the CSEZFP with its server network that includes administrative software, telecommunication connection, collection payment system and a toll free telephone operations.  At the end of December 2015, there were 111 operating locators.

 

Telecoms and Infrastructure Technology Services

FCCDCIFirst Cagayan Converge Data Center, Inc. (FC Converge) is an internet service & data center solutions provider exclusively catering to online gaming licensees in Asia. FC Converge is a 60-percent owned subsidiary of First Cagayan in a joint venture with IP Converge Data Center Inc. (IPC), a regional managed data services and IT solutions provider.

FC Converge offers managed IT services, internet protocol communications, bandwidth maintenance, DDOS detection and mitigation, server equipment co-location and disaster recovery management systems. The Company has installed the necessary telecommunications infrastructure in Cagayan including an 85 kilometer aerial fiber optic cable (FOC) systems, radio and other communications equipment and devices to support the voice, video streaming and data service requirements of locators.

CASINO GROUP

Hotel and Casino

8 midas hotel logo in white backgroundThe Company acquired 51 percent of Hotel Enterprises of the Philippines Inc. (HEPI) on 11 November 2012, which owns and operates the Midas Hotel and Casino.  Midas Hotel is a 4 star hotel along the stretch of Manila’s famed sunset Roxas Boulevard. Midas has 225 spacious guest rooms and suites with facilities for events and functions inlucding 3 restaurants and bar.

Philippine Amusement and Gaming Corporation (PAGCOR) executed a Contract of Lease with HEPI for the operation of a casino on the ground floor, second floor, and penthouse of Midas Hotel and Casino. The casino has 41 gaming tables and 285 slot machines.

HEPI also has a Marketing and Cooperation Agreement with PAGCOR whereby HEPI shall formulate the plans to market, advertise, and promote the casino facilities while PAGCOR shall provide the necessary expertise for the day-to-day operations of the casino.

In spite of its proximity to the Integrated Resorts at the PAGCOR Entertainment City, Midas Hotel continues to attract loyal customers that enjoy personalized attention and care. It has been successful in establishing a niche in the gaming market.

 

Junket Operations

PIKI LOGO-01The Company acquired Prime Investment Korea, Inc. (PIKI) to expand and venture into junket operations. Its commercial operations commenced on 26 July 2013. PIKI has a Junket Agreement with PAGCOR to jointly conduct junket gaming operations within PAGCOR’s Casino Filipino located at Midas Hotel and Casino.

PIKI offers supplementary services to enhance the existing junket gaming operations within PAGCOR’s Casino Filipino-Midas. The Supplementary Services will allow will allow tapping into foreign gaming markets and thus attract foreign tourist arrivals in the Philippines.

 

Pagcor VIP Gaming Arcades

7 Blue ChipsOn 09 October 2009, Blue Chip Gaming and Leisure Corporation (Blue Chip) was registered with SEC. Its primary purpose is to provide investment, management, counsel, and to act as agent or representative for business enterprises engaged in gaming, recreation and leisure activities. Blue Chip together with its subsidiary, Gold Coast Leisure World Corporation (Gold Coast), is the Company’s vehicle to expand its operations in the operation of gaming arcades.

The initial venture of the lease of these VIP gaming arcades by PAGCOR was in Bacolor, Pampanga. The Company now has Contracts of Lease with  four additional PAGCOR VIP Clubs at (1) Venezia at Subic Bay Freeport Zone, Subic Zambales; (2) Pan Pacific, Malate Manila; (3) Paseo Premier Hotel, Sta. Rosa Laguna; and (4) Apo View Hotel, Davao City with over 1,150 slot machines.

Blue Chip is acquiring newer slot machines aimed at improving the games in all its arcade venues and intensifying its marketing campaign to bring greater foot traffic to the VIP casino floor.

PROPERTY GROUP

Land Development Company

5 LR LandLR Land Developers, Inc. (LR Land) is the real estate arm of the LRWC.

LR Land was able to consolidate its interests in various land holdings and buildings in the Cagayan Special Economic Zone and Freeport (CSEZFP) in the province of Cagayan, to meet the needs of the locators of the CSEZFP through the development and construction of a Cyberpark building with an Internet Data Center.

As a partner in the growth and development of Cagayan, LR Land builds the necessary infrastructure that need a site with state of the art facilities and provide the real estate needs of all the Company’s subsidiaries.

 

Real Estate Development

LR Land has a 50% joint venture real estate property development project in Makati City called Techzone Philippines, Inc. (Techzone).  Techzone constructed a 28 storey world-class Business Processing Center (BPO) in Makati with offices for various locators.

 

Integrated Casino Facility

3 AB Leisure Global, Inc. (ABLGI)AB Leisure Global, Inc. (ABLGI) was incorporated to participate in the development and operation of an integrated resort which was granted a Provisional License to PLAI by PAGCOR to establish and operate a casino.  This project is known today as the City of Dreams Manila.  ABLGI shall assist Belle Corporation, the owner of the land and building, by funding a part of its own capital requirements in exchange for a 30 percent share in the economic benefits to be derived by Belle and Premium Leisure Corporation (PLC) in the casino operation.

 

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  • Time: 21 Sep 2017
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