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Razon’s Bloomberry bares H1 profit surge
After returning to profitability last year, Bloomberry Resorts Corp., the operator of Solaire Resort & Casino, still sustained its momentum even throughout the first half of the year. In a report on Wednesday, the publicly listed holdings firm reported a P6.4 billion consolidated net income during the period, a 160 percent surge from last year’s P2.5 billion. San the impact of a P356.6 million one time gain on sale from the disposition of an asset, the company noted that consolidated net income would have increased by 145 percent. “All our business segments continued to deliver growth that pushed consolidated net revenues, EBITDA, and net profit in the first half to levels exceeding that of the same period in 2019,” Enrique K. Razon Jr., Bloomberry Chairman and CEO said in the report. Solaire gaming revenue surges “We anticipate that the growth momentum we have so far seen will continue well into the next six months and in the years ahead,” he added. In terms of consolidated net revenues, Bloomberry posted P25.6 billion, which represented a 48 percent growth against P17.2 billion in the same period last year. At Solaire, total gross gaming revenue soared 41 percent to P31.2 billion annually — driven by the recovery in domestic mass table games and electronic gaming machines segments. Compared to the pre-pandemic figures in 2019, Solaire’s first-half GGR represented a 110 percent jump. The casino’s non-gaming revenues from its hotel, food, and retail segments reached P4 billion, up 51 percent. As of the end of June, Bloomberry logged a consolidated cash and cash equivalents balance of P44.9 billion. Total outstanding long-term debt was P98.1 billion, which represented the balance of the current and non-current portions of the amended P73.5 billion and P40.0 billion Syndicated Loan facilities. Meanwhile, the total equity attributable to equity holders of the parent company was P39.9 billion. The company has already drawn P18.2 billion from the P40 billion Syndicated Loan Facility, higher by P8.7 billion as the company drew from the facility in the second quarter to partially finance the construction of Solaire Resort North scheduled to launch by the first quarter of 2024. The post Razon’s Bloomberry bares H1 profit surge appeared first on Daily Tribune......»»
Martial arts superstar Bruce Lee’s legacy endures 50 years on
Hong Kong businessman W. Wong still remembers the day in 1972 when he first heard neighborhood kids rave about a figure who seemed larger than life: Bruce Lee. Lee, a consummate martial artist whose films spawned a kung fu craze around the world, was one of the first Asian men to achieve Hollywood superstardom before his death at 32. His influence can still be felt in Hong Kong, where he spent his childhood and final years, as fans this week hold exhibitions and martial arts workshops to mark the 50th anniversary of Lee's death. "Every child needs some kind of role model, and I chose Bruce Lee," said Wong, 54, who has led the city's largest fan club devoted to the star for nearly three decades. "I had hoped my life would resemble the Bruce Lee I saw: handsome, strong, with great martial arts skills and a heroic image." At a studio for Wing Chun -- a style of martial arts Lee practiced before inventing his own Jeet Kune Do method -- the martial arts master is revered as something akin to a patron saint. Studio owner Cheng Chi-ping, 69, told AFP his cohort began their training under the shadow of Lee's cultural influence but "we could never match his speed, strength or physique". Lee's appeal had not diminished for the next generation, said Mic Leung, 45, who trained at the same studio and, as a teenager, sought out Lee's movies on old videotapes. "When we talk about the 'god of martial arts', we could only be talking about Bruce Lee. There is no one else," he said. Smashing barriers Born in San Francisco in 1940, Lee was raised in Hong Kong and had an early brush with fame as a child actor, supported by his father, who was a famous Cantonese opera singer. At 18, he continued his studies in the United States and over the next decade taught martial arts and scored minor parts in Hollywood, before landing the role of Kato in the television series "The Green Hornet". But it was not until Lee returned to Hong Kong that he landed his first lead role in the martial arts film "The Big Boss", which made him a household name in Asia after its 1971 release. The next year saw two more box office hits -- "Fist of Fury" and "The Way of the Dragon" -- cementing Lee's persona as a relentless, lightning-fast fighter. Lee had completed filming his fourth star vehicle, "Enter the Dragon", and was halfway through his fifth when he died on July 20, 1973 from swelling of the brain, attributed to an adverse reaction to painkillers. Film scholar Aaron Han Joon Magnan-Park, who taught Lee's movies at the University of Hong Kong, said Lee expressed a kind of Chinese identity that transcended national borders. "I would call Bruce Lee a paragon of Sinophone soft power success with Hong Kong characteristics," he told AFP. In Hollywood, Lee represented a rebuke to racist stereotypes, showing that Asian men were more than just servants and villains. The scenes where he bares his torso and flexes his muscles -- what Magnan-Park called the "kung fu striptease" -- were essential because they show how ripped bodies can belong to Asian heroes as well. "He made Asian men sexy, and that is something I don't think we talk about enough," he said. Preserving legacy Despite Lee's enduring fame, preserving his legacy in Hong Kong was no easy task, fan club chairman Wong told AFP. Government support was intermittent at best, he said. Fans in 2004 successfully petitioned to set up a bronze statue of Lee on Hong Kong's famed waterfront, but a campaign to revitalise his former mansion could not save it from demolition in 2019. At a government-run museum exhibit commemorating Lee's life, a woman surnamed Yip told AFP she wanted to share "a symbol of the old Hong Kong" with her two children. Wong, who had organised a smaller exhibit in Sham Shui Po district, acknowledged a decline of interest among young people but said Lee's philosophy always has the potential to become relevant again. He pointed to how protesters in Hong Kong's 2019 democracy movement cited the martial artist's mantra -- "Be water, my friend" -- as a reminder to adopt flexible tactics of resistance. That discussion has largely tapered off after authorities cracked down on dissent, but Wong remembers the public at the time wondering why young protesters were so taken by Lee. "As long as everyone still remembers (Lee), once your interest is piqued, you will have a chance to rediscover him," he said. The post Martial arts superstar Bruce Lee’s legacy endures 50 years on appeared first on Daily Tribune......»»
Most Read Apr 26, 2018 – 01:29 PM
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Pandemic bares need for MSMEs ICT interventions: DTI
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Church visits are allowed only until 10 p.m. – Police chief
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Roque bares Duterte, China agreement to respect status quo in WPS
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Kaspersky Shares Cybersecurity Tips for a Peaceful Getaway during the holy week
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2 activists kidnapped in Pangasinan
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Cebu City buy-bust: Over P12M ‘shabu’ seized from 2 HVIs
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