Friday, February 9, 2018

Leisure & Resorts World Corporation (LR)

This posting may contain out of date contents.
For the updated or exact information, you should check edge.pse.com.ph or their official website.

1. Company Information
Company Name
Leisure & Resorts World Corporation (LR)
Sector
Services
Incorporation Date
Oct 10, 1957
Subsector
Casinos & Gaming
Number of employees
254 (Parent Only)
Board of Directors
Chairman: Reynaldo P. Bantug, Director: Willy N. Ocier
Website / E-mail
http://www.lrwc.com.ph / lrwc@bingob.com
2. Stock Information
Total Assets
10,637,608,119
Market Capitalization
5,375,339,253.76
Total Liabilities
3,352,835,660
Outstanding Shares
1,199,852,512
Retained Earnings
2,712,413,824
Listed Shares
1,199,852,512
Listing Date
Apr 17, 1958
Issued Shares
1,199,852,512
Board Lot
1,000
Free Float Level (%)
64.40%
Par Value
1.00
Foreign Ownership Limit
40%
3. Major Stock Holders (common shares)
ALFREDO ABELARDO B. BENITEZ
GRANDSHARES, INC.
ZORAYMEE HOLDINGS, INC.
11.24 %
10.00 %
09.27 %
4. Company Descriptions and Business Development
Notes
1.  In 2016, BEL has terminated its City of Dream revenue-sharing agreement with LR. BEL is now paying back the investment to LR.
2. Alfredo Benitez is a congressman.
Overview
It is involved in various kinds of on/offline gaming businesses. It generates revenues mostly from bingo games.

Business
Revenue contribution in 2016 (in million pesos)
Online
Casino
Retail
Property
1,800
1,200
7,400
353
16.74%
11.16%
68.82%
3.28%


The details are as follows:
Electronic bingo (Php4,512 million)
Traditional bingo (Php2,331 million)
Service and hosting fees (Php1,867 million)
Junket operation (Php894 million)
Rent income (Php397 million)
Rapid bingo (262 million)
Commission (268 million)
Share in Casino project (208 million)
Compensation fee from casino project (128 million): It granted advance for the City of Dream project.
Pull tabs (17 million)
Others (254 million)

Subsidiaries / Associates / Affiliates / Joint Ventures
AB Leisure Exponent, Inc. (ABLE, 100%) is a operator of a number of bingo parlors. It has 33 subsidiaries and interests in 5 bingo parlors. It has around 9,790 e-bingo machines installed in 143 bingo parlors.
Total Gamezone Xtreme, Inc. (TGXI) operates PAGCOR e-games stations. It has 39 branches with a total of 1,416 terminals.
Blue Chip Gaming and Leisure Corporation (BCGLC) is engaged in PAGCOR slot machines and gaming facilities business by leasing.
Hotel Enterprises of the Philippines, Inc. (HEPI, 51%) owns and operates the Midas Hotel and Casino.
First Cagayan Leisure & Resort Corporation (FCLRC, 69.68%) is engaged in internet and gaming enterprises and facilities related businesses in the Cagayan Special Economic Zone Free Port (CSEZFP). It collects a sub-license fee to two (2) percent of the gross winnings from the internet casino.
LR Data Center and Solutions, Inc. (LRDCSI, 80%)
AB Leisure Global, Inc. (ABLGI, 100%)
Bingo Bonanza (HK) Limited (BBL, 60%)

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