{"id":777009731,"date":"2023-09-29T06:35:49","date_gmt":"2023-09-29T09:35:49","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777009731"},"modified":"2026-04-22T17:38:20","modified_gmt":"2026-04-22T20:38:20","slug":"bloomberry-seeks-up-to-us98-6m-in-share-placement","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/bloomberry-seeks-up-to-us98-6m-in-share-placement","title":{"rendered":"Bloomberry seeks up to US$98.6m in share placement"},"content":{"rendered":"\n

The placement will be conducted in two phases.<\/p>\n\n\n\n\n\n\n\n

The Philippines.-\u00a0Bloomberry Resorts Corp\u00a0<\/strong>has announced plans to conduct a share placement and subscription transaction with the aim of raising up to PHP5.59bn (US$98.6m). A timeline has not yet been announced.<\/p>\n\n\n\n

According to a filing submitted to the Philippine Stock Exchange, the initiative involves the participation of the firm’s controlling shareholder, Quasar Holdings<\/strong>, owned by Philippine billionaire Enrique Razon<\/strong>, who concurrently serves as Bloomberry’s chairman and chief executive.<\/p>\n\n\n\n

The financial scheme consists of two distinct phases. The first entails Quasar Holdings selling up to 559m of its Bloomberry shares at an offer price of PHP10.00 per share, targeting investors both inside and outside the United States, as well as qualified buyers in the Philippines. This portion of the transaction will be structured to avoid the need for registration under the Securities Regulation Code.<\/p>\n\n\n\n

The second phase is set to take place immediately after the completion of the share sale by Quasar Holdings. During this phase, Bloomberry Resorts will issue new shares to Quasar Holdings, mirroring the quantity and price of the shares sold during the initial phase.<\/p>\n\n\n\n

Bloomberry Resorts said its goal was to strengthen and diversify its capital base while expanding the ownership of its shares among a broader spectrum of institutional investors.<\/p>\n\n\n\n

Maybank IBG Research<\/strong>\u00a0has recently\u00a0increased its earnings projections<\/a>\u00a0for the casino operator following the company\u2019s financial performance in the first half. Bloomberry\u2019s cumulative net income for the first half of 2023 stood at PHP6.42bn, up 158 per cent year-on-year.<\/p>\n","protected":false},"excerpt":{"rendered":"

The placement will be conducted in two phases.<\/p>\n","protected":false},"author":176,"featured_media":21007,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Bloomberry Resorts Corp, a prominent casino operator, plans a two-phase share placement and subscription transaction to raise PHP5.59bn (US$98.6m). The initiative involves its controlling shareholder, Quasar Holdings, selling existing shares, followed by Bloomberry issuing new shares to Quasar, aiming to strengthen its capital base and diversify institutional ownership.","focusai_entities":"Bloomberry Resorts Corp, Quasar Holdings, Enrique Razon, Maybank IBG Research, Philippine Stock Exchange","focusai_location":"Philippines","focusai_target_profile":"ceo_executive (1.0), compliance_legal (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Capital Allocation Strategy?","query":"How will the PHP5.59bn capital injection specifically be allocated to enhance Bloomberry's gaming verticals, expand its physical footprint, or reduce existing leverage?"},{"label":"Impact on Shareholder Structure?","query":"What is the projected post-transaction ownership percentage of Quasar Holdings in Bloomberry Resorts Corp, and how does this align with the stated goal of diversifying institutional ownership?"}],"footnotes":""},"categories":[157,16333],"tags":[15417],"class_list":["post-777009731","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-east-asia-news","tag-bloomberry-resorts"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777009731","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777009731"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777009731\/revisions"}],"predecessor-version":[{"id":777041236,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777009731\/revisions\/777041236"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/21007"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777009731"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777009731"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777009731"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}