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Leisure & Resorts World posts flat profit in 2016
April 19, 2017
THE MANILA TIMES BY ANGELICA BALLESTEROS, TMT ON APRIL 19, 2017 http://www.manilatimes.net/leisure-resorts-world-posts-flat-profit-2016/322952/ LISTED gaming firm Leisure and Resorts World Corp. (LRWC) on Tuesday said it managed to surmount a difficult 2016 after posting a slight uptick in consolidated net income to P1.055 billion from the P1.030 billion recorded in 2015. “This was achieved in spite ... Read More »
Leisure & Resorts World posts flat profit in 2016
April 19, 2017
BY ANGELICA BALLESTEROS, TMT http://www.manilatimes.net/leisure-resorts-world-posts-flat-profit-2016/322952/ LISTED gaming firm Leisure and Resorts World Corp. (LRWC) on Tuesday said it managed to surmount a difficult 2016 after posting a slight uptick in consolidated net income to P1.055 billion from the P1.030 billion recorded in 2015. “This was achieved in spite of the dramatic changes in the ... Read More »
LRWC Press Statement Revenue NI AAFS 2016
April 8, 2017
LRWC PRESS STATEMENT Leisure and Resorts World Corporation LRWC Managed a Difficult Year In spite of Regulatory Challenges Earnings slightly higher with a Net Income of P1.055B (or P0.88 per share) Leisure & Resorts World Corporation (LRWC) is pleased to announce its Full Year 2016 Financial Performance. LRWC reported its 2016 Consolidated Net Income (NI) of ... Read More »
Belle buys out LRWC from City of Dreams for P5 B
November 4, 2016
By James A. Loyola/ Manila Bulletin Source Link: http://business.mb.com.ph/2016/11/04/belle-buys-out-lrwc-from-city-of-dreams-for-p5-b/ Belle Corporation and Premium Leisure and Amusement, Inc. (Belle Group), which are controlled by the SM Group, are buying out the interest of Leisure and Resorts World Corporation and AB Leisure Global, Inc. (LRWC Group) in City of Dreams Manila for P5.09 billion. In a disclosure ... Read More »
Pagcor allows LRWC subsidiary to resume e-bingo operations
September 26, 2016
By Business Mirror Source Link: http://www.businessmirror.com.ph/pagcor-allows-lrwc-subsidiary-to-resume-e-bingo-operations/#respond LEISURE and Resorts World Corp. (LRWC) on Monday said state-owned Philippine Amusement and Gaming Corp. (Pagcor) has allowed its wholly owned unit AB Leisure Exponent Inc. to resume the operation of its electronic bingo sites. The company said in its disclosure to the Philippine Stock Exchange, Pagcor’s board ... Read More »
LRWC ordered to close 53 e-games, bingo outlets
September 10, 2016
By Zinnia Dela Pena/ PhilStar Source Link: http://www.philstar.com/business/2016/09/10/1622072/lrwc-ordered-close-53-e-games-bingo-outlets MANILA, Philippines - The Philippine Amusement and Gaming Corp. has directed Leisure & Resorts World Corp. to immediately close down 53 of its electronic gaming and bingo outlets for failure to comply with the distance restriction guidelines. This makes LRWC, the largest operator of electronic number ... Read More »
LRWC to continue boutique bingo expansion
August 1, 2016
Posted on August 01, 2016 By Keith Richard D. Mariano, Reporter http://www.bworldonline.com/content.php?section=Corporate&title=lrwc-to-continue-boutique-bingo-expansion&id=131224 LEISURE & RESORTS World Corp. (LRWC) will continue expanding its gaming business despite a pronouncement from Malacañang against online gambling operations. “We are pursuing with the plans; we don’t see any reason why we should not as long as we follow government ... Read More »
LRWC profit shoots up 37% despite weak junket gaming
April 24, 2016
By Riza Lozada/The Market Monitor Source Link Gaming firm Leisure and Resorts World Corp. (LRWC) reported a consolidated net income of P1.03 billion last year or a 37-percent increase from a P750-million profit in 2014 despite a substantial drop in its junket casino business. LRWC’s junket casino operations suffered a 30-percent decline in ... Read More »
LRWC net profit tops P1 billion
April 21, 2016
By James A. Loyola/ The Manila Bulletin Gaming firm Leisure & Resorts World Corporation (LRWC) reported a 37 percent jump in its 2015 consolidated net income to P1.030 billion from 2014's net income of P750 million. In a disclosure to the Philippine Stock Exchange, the firm said its four main business ... Read More »
LRWC nets P1.03 last year
April 21, 2016
By Iris Gonzales/ The Philippine Star Source Link MANILA, Philippines – Leisure and Resorts World Corp. (LRWC) reported a consolidated net income of P1.03 billion last year, up 37 percent year on year. For the fourth quarter, net earnings went up by only three percent to P229 million due to the continued downward trend ... Read More »