Bloomberry Resorts Corporation (BLOOM), formerly Active Alliance, Incorporated, was registered with the Securities and Exchange Commission (SEC) on May 3, 1999. BLOOM was a manufacturer of consumer communication and electronic equipment operating in Subic Bay Freeport Zone until 2003, when it suspended business operations. In February 2012, the SEC approved the change in its corporate name to the present one and the change in its primary purpose to that of a holding company for hotel and/or gaming and entertainment business companies.
The Company is the owner and operator (through its subsidiaries) of Solaire Resort & Casino (Solaire), the first integrated resort at the Entertainment City in ParaƱaque City, Metro Manila. A subsidiary of the Company owns and operates Jeju Sun Hotel & Casino in Jeju Island, Korea. The Company has marketing presence in Korea, Macau, Hong Kong, Singapore, Malaysia, Indonesia, Thailand, Taiwan and Japan.
The subsidiaries of the Company are: Sureste Properties Inc. (SPI), which owns and operates the hotel and other non-gaming facilities in Solaire; SPI’s subsidiary Bloomberry Resorts and Hotels, Inc., which has a gaming license from the Philippine Amusement and Gaming Corporation, and owns and operates the casino in Solaire; Solaire Korea Co. Ltd. and its subsidiaries Golden & Luxury Co., Ltd., which owns, and has a gaming license to operate, Jeju Sun Hotel & Casino, and Muui Agricultural Corporation, which owns prime real estate in Muui Island in Korea; and Bloom Capital B.V., which owns Solaire de Argentina S.A.
We now wait for a better price to buy in again.
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