For the updated or exact information, you should check edge.pse.com.ph or their official website.
1.
Company Information
|
||||||||||||||
Company Name
|
Premium Leisure Corp. (PLC)
|
|||||||||||||
Sector
|
Services
|
Incorporation Date
|
Oct 26, 1993
|
|||||||||||
Subsector
|
Casinos & Gaming
|
Number of employees
|
(Group Total)
|
|||||||||||
Board of Directors
|
Chairman: Willy N. Ocier
|
|||||||||||||
Website / E-mail
|
http://www.premiumleisurecorp.com
|
|||||||||||||
2.
Stock Information
|
||||||||||||||
Total Assets
|
17,936,566,625
|
Market Capitalization
|
41,115,503,000.00
|
|||||||||||
Total Liabilities
|
1,336,813,651
|
Outstanding Shares
|
31,627,310,000
|
|||||||||||
Retained Earnings
|
1,176,406,891
|
Listed Shares
|
31,627,309,995
|
|||||||||||
Listing Date
|
Aug 28, 1995
|
Issued Shares
|
31,627,310,000
|
|||||||||||
Board Lot
|
1,000
|
Free Float Level (%)
|
21.13%
|
|||||||||||
Par Value
|
0.25
|
Foreign Ownership Limit
|
40%
|
|||||||||||
3.
Major Stock Holders (common shares)
|
||||||||||||||
Belle Corporation
|
78.74%
|
|||||||||||||
4.
Company Descriptions and Business Development
|
||||||||||||||
Notes
1. Related companies: LOTO, BEL, APC, SM and SMPH, BDO
|
||||||||||||||
Overview
Through a subsidiary it holds a casino license. It has
a operating agreement with MRP (a listed company) of the casino resort, City
of Dream. PLAI receives montly
payments from MRP consisting of the followings:
a) the higher of (i) one-half of the Project’s Mass
Market gaming EBITDA (after deductions comprising 2% management allowance,
Mass Market operating expenses and an agreed deductible of 7% of Mass Market
Gaming EBITDA) (PLAI MASS EBITDA) or (ii) 15% of the Project’s net Mass
Market gross gaming revenues (after deduction of amounts for PAGCOR non-VIP
license fees) (PLAI MASS Net Win), whichever is higher; and b) the higher of (i) one-half of the
Project’s VIP gaming EBITDA (after deductions comprising 2% management
allowance, VIP operating expenses and an agreed deductible of 7% of VIP
gaming EBITDA) (PLAI VIP EBITDA) or (ii) 2% of the Project’s net VIP gross
gaming revenues (after deduction of amounts for PAGCOR VIP license fees, VIP
commissions and incentives, as well as VIP bad debt expenses) (PLAI VIP Net
Win), whichever is higher (the PLAI VIP Monthly Payment).
Business
Revenue
contribution in 2016
Subsidiaries /
Associates / Affiliates / Joint Ventures
Premium Leisure and Amusement, Inc.
(“PLAI”, 100%)
is a co-grantee of the City of Dream casino license by PAGCOR. It receives
fixed percentage share monthly from MRP wich operates the casino facilities.
Pacific Online Systems Corporation
(“LOTO”, 50.7%)
|
||||||||||||||