The main honorees of the event will be the sellers from the entity.
Puerto Rico.- Next Saturday, September 28, at the Cataño Waterfront, the 90th anniversary of the Traditional Lottery of Puerto Rico will be commemorated with a large family show dedicated to the ticket-selling agents.
The Secretary of the Department of Treasury, Nelson Pérez Méndez, along with the Assistant Secretary of the Puerto Rico Lottery Bureau, Lorna Huertas, and the Mayor of Cataño, Julio Alicea Vasallo, announced the celebration.
«This year we had to celebrate in style the trajectory of an institution that has impacted and is part of the culture of Puerto Rico. This free event will be dedicated to our agents and sellers who are the heart and soul of the Lottery», expressed Huertas.
«I am pleased and honored to collaborate with this event of such significance. Almost 3 years ago, when I took office as mayor of this town, I had many goals and projects in mind, and one of them was to turn this Waterfront into a platform for economic and cultural development, and we have fulfilled that. The Big Celebration of the 90th Anniversary of the Lottery that we will celebrate next September 28, I know that, with God's help, will be a successful event and will also serve as a great family party for Puerto Rico», Alicea Vasallo pointed out.
The event named «Big Celebration«, will feature live music, cash prizes, and artisans. During the day, approximately 20,000 visitors are expected to participate, enjoying a family-friendly atmosphere with performances by local artists Andy Montañez, Melina León, Limit-21, La Secta, Plenéalo, and Carlos García.
See also: Irregularities reported in the Puerto Rico Lottery
«Every ticket sold is an investment in the well-being of our island», affirmed Huertas, highlighting the work of the sellers and the fact that part of the sales nourish the Catastrophic Disease Fund, the budget of the Puerto Rico Police, public education initiatives, and sponsorships of sports events.
Thomas Arasi now directly owns around 16.6m shares in Bloomberry.
The Philippines.- Bloomberry Resorts has announced through a company filing that Thomas Arasi, its president and chief operating officer, has increased his shareholding under the company’s Stock Incentive Plan. Arasi received nearly 9.3m shares at a price of PHP7.78 (US$0.13) per share. He now has direct ownership of approximately 16.6m shares in the casino operator. He indirectly controls another 21.9m.
Bloomberry’s stock incentive plan was extended in 2022. The plan does not offer a stock option but provides a grant of shares as an additional form of compensation to eligible recipients.
Meanwhile, the company has signed a PHP72bn (US$1.24bn) syndicated refinancing facility that replaces a previous PHP73.5bn (US$1.27bn) loan facility acquired in 2018 and a PHP20bn (US$345.5m) term loan obtained in December 2020. The agreement was reached with a group of banks.
The company said the agreement is priced at a spread 75 basis points lower than the previous facilities, with an option to fix the interest rate within the next 12 months. “This feature will allow Bloomberry to benefit from further interest rate cuts that are expected to be implemented in the coming months,” the company said.
The group of lenders comprises BDO Unibank, Bank of the Philippine Islands, China Banking Corporation, and Philippine National Bank. BDO Capital and Investment Corporation acted as the main organiser and only book-runner, while BDO Unibank – Trust and Investments Group will serve as the security trustee, facility agent and paying agent.
