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Gaming firm posts 37% rise in net profit
April 20, 2016
By Miguel R. Camus @inquirerdotnet Philippine Daily Inquirer 20 April 2016, 12:29 AM Source Link Listed Leisure and Resorts World Corp. saw its profit jump last year as its major gaming divisions posted better results. In a stock exchange filing Tuesday, the company said its 2015 net income rose 37 percent to P1.03 billion from the ... Read More »
LRWC profit up despite drop in casino income
April 19, 2016
By Roy Stephen Canivel The BusinessWorld Online 19 April 2016 Source Link THE majority owner of the online gaming license-holder at the Cagayan Freeport and Special Economic Zone saw its profit grow by more than a third in 2015 despite lower income from its casino operations. In a disclosure to the Philippine Stock Exchange, Leisure ... Read More »
Leisure Resorts World 2015 net income tops P1B
April 19, 2016
By Katrina Mennen A. Valdez The Manila Times Online 19 April 2016 Source Link Leisure & Resorts World Corp. (LRWC) on Tuesday said that its net income last year surged by more than a third despite a slowdown in the gaming sector. In a disclosure to the Philippine Stock Exchange, LRWC said its net consolidated ... Read More »
Press Statement: LR’s 2015 Full Year Net Income up 37% and tops the P1Billion Peso Mark to end at P1.030B LRWC Continues to Buck the Downtrend in the Gaming Sector AFS 2015
April 19, 2016
Click to view: Press Release AFS 2015 041916 For further information regarding this Press Release, you may contact: Freddie B. Reyes Head, Investor Relations / + (632) 482.7622 +(63) 917 527-5499 / freddie.reyes@lrwc.com.ph Mylene De Mesa Corporate Communications / mylene.demesa@lrwc.com.ph 26/F West Tower, PSE Center, Ortigas, Pasig City
Philippine Strategy 2016 Outlook: Less Flash, More Substance
January 19, 2016
PCOMP 2015 negative performance, should markedly improve for 2016 Reasons to be optimistic: govt spending will improve, corporate earnings slowdown in 2015 temporary – 2016 growth will resure, core earnings improving. Index target 7,600 (upside 16%) implies 15% corporate earnings growth and a 2017 Market PE of 15x (historical average). Not expensive. Top picks are in property: SMPH ... Read More »
Gaming Sector Outlook: Recovery in 2016 but with numerous threats
January 15, 2016
Industry GGR expected to grow 17.5% 2016 (vs 21.5% 2015) from foreign and local demand. Foreign arrivals est to grow 15%. Domestic consumer spending up 6.1% 9M2015 and will continue to grow. No new casino openings so demand growth of 17.6% will improve industry earnings. Industry consolidated net loss of P3B in 2015 should show net ... Read More »
Press Statement: Php1.65B Perpetual Preferred Share Offering
July 5, 2013
PRESS STATEMENT Leisure & Resorts World Corporation (LRWC) has raised P1.65 billion through a share sale of preferred shares to ten (10) private investors, foremost of which are GSIS who invested P800 million and Philippine Commercial Capital, Inc. who invested P200 million. The preferred shares have a coupon rate of 8.5% per annum and ... Read More »
Press Statement: AB Leisure Global, Inc. and BDO Unibank, Inc. seals Php3B-Omnibus Loan Security Agreement
May 30, 2013
PRESS STATEMENT Leisure & Resorts World Corporation or “LRWC” (PSE stock code: LR) would like to announce that its wholly-owned subsidiary, AB Leisure Global, Inc. (or “AB Global”) executed an Omnibus Loan and Security Agreement (OLSA) in the amount of Three Billion Pesos (P3,000,000,00.00) with BDO Unibank, Inc. as the Lender. ... Read More »
LRWC eyeing P1 billion for more bingo sites, building project (themanilatimes.net/January 25, 2013)
February 6, 2013
Listed gaming firm Leisure and Resorts World Corp. (LRWC) is looking to spend P500 million for 30 to 40 additional bingo sites, and another P500 million for a joint office building project in Makati City called Techzone. LWRC Investor Relations Officer Freddie Reyes said in a telephone interview that as part ... Read More »
Leisure and Resorts World Corporation (LR) Set to Issue 8.5% Coupon Preferred Shares (investorjuan.com/January 25, 2013)
February 6, 2013
Leisure and Resorts World Corporation, a listed games operator in the Philippines, announced its plan to raise 1.75 billion pesos through a preferred share issuance. Proceeds of the issue will be used to finance the following projects: 1. Belle Grande Integrated Resort and Casino 2. Midas Hotel and Casino 3. Techzone project 4. Acquisition ... Read More »