Apr 21, 2022 Newsdesk Latest News, Philippines, Top of the deck  
Bloomberry Resorts Corp, promoter of the Solaire Resort and Casino (pictured in file photo) in the Philippine capital Manila, says the firm’s board has approved an amendment to the company’s stock incentive plan, which will now exclude directors. The information was included in a Thursday filing to the Philippine Stock Exchange. The company did not give a reason for the decision in the document.
The amendment was approved by the casino promoter’s board on Thursday, which said:
“The participants to the stock incentive plan have been amended to exclude directors from its coverage, provided that directors who are officers or who are given executive function are not disqualified to receive stock incentive plan shares as an executive,” stated the filing.
The incentive plan has been extended for 10 years, from May 24, 2022, according to the document.
Bloomberry said that its share incentive plan is, among other purposes, intended to: allow employees “to participate directly in the company’s worth”; “motivate” employees and other participants toward greater productivity; encourage employees and other participants “to remain” with the group; and broaden its shareholders base.
The firm’s stock incentive plan does not grant a stock option, but instead “a grant of shares as a form of additional compensation to its eligible recipients,” according to the filing.
In March, Bloomberry reported consolidated net revenue of PHP22.0 billion (US$420.1 million) for full-year 2021, up 23.8 percent from the previous year. The company posted a net loss of PHP4.2 billion for the year, an improvement compared to a loss of PHP8.3 billion in 2020.
May 19, 2023
Sep 02, 2022
Jun 09, 2023
Jun 09, 2023
Jun 09, 2023
None of Macau’s six gaming concessionaires have so far applied for a form of “exemption” from the full 40-percent tax rate on casino gross gaming revenue (GGR), as potentially applicable...Jun 09, 2023
Commercial opportunities for utilisation of...Jun 08, 2023
Gaming content and equipment maker Konami says it is...Jun 07, 2023
Casino gaming content and hardware provider Light &...Jun 06, 2023
Electronic table games (ETGs) supplier Interblock dd is...Jun 05, 2023
Random number generator (RNG) testing tools are among the...Jun 01, 2023
Alfastreet, a manufacturer of electronic gaming machines,...Jun 01, 2023
Casino equipment maker Sega Sammy Creation Inc is tweaking...Jun 01, 2023
The iGaming segment in Asia “has grown rapidly” since...May 31, 2023
Showing slot machine players – via animations on the...May 31, 2023
Macau stocks in likelihood “have been punished too much...May 31, 2023
There are foreign companies still interested in investing...May 31, 2023
Thailand could pass the necessary enabling legislation for...May 30, 2023
China will remain a key market for Asian gaming...May 30, 2023
Alejandro Tengco (pictured in a file photo), chairman and...May 30, 2023
There are “plenty of reasons” for the global gaming...May 30, 2023
Gaming equipment provider International Game Technology Plc...May 30, 2023
The Global Gaming Expo (G2E) Asia 2023 Special Edition:...May 29, 2023
Austria-based gaming equipment maker and operator Novomatic...May 25, 2023
Sports betting and online casino operating platform...May 24, 2023
The business performance in Asia of gaming content and...May 18, 2023
The organisers of Global Gaming Expo (G2E) Asia 2023...May 17, 2023
Gaming content and equipment supplier Light & Wonder...May 16, 2023
Casino equipment maker Sega Sammy Creation Inc is to...May 09, 2023
Casino slot machine and digital gaming content provider...May 05, 2023
The Global Gaming Expo (G2E) Asia event in Singapore is the...May 04, 2023
An adviser to a Thailand parliamentary committee mulling...(Click here for more)
”We believe the intrinsic value of IGT’s market-leading businesses and diversified cash flow profile is not currently reflected in our stock price and the timing is right to assess opportunities that may enhance value for IGT’s shareholders”
Marco Sala
Executive chair of casino equipment supplier IGT