Leisure & Resorts World posts flat profit in 2016

LISTED gaming firm Leisure and Resorts World Corp. (LRWC) on Tuesday said it managed to surmount a difficult 2016 after posting a slight uptick in consolidated net income to P1.055 billion from the P1.030 billion recorded in 2015.

“This was achieved in spite of the dramatic changes in the regulatory environment, particularly in the last quarter of 2016 which affected the operations of the company’s subsidiaries,” LRWC said in a disclosure to the Philippine Stock Exchange (PSE).