Bloomberry considering fund raising offshore

Gaming firm Bloomberry Resorts Corp. has made amendments in its articles of incorporation, which paves the way for the firm to raise funds offshore.

A disclosure to the Philippine Stock Exchange (PSE) on Friday showed that the board of Bloom­berry has approved the amendment in the company’s articles of incorporation, including in its primary purpose the power to guarantee the obligations of its subsidiaries of affiliates or any entity in which the corporation has lawful interest.