Supplier News
Korea – Bloomberry to open Jeju Sun Hotel and Casino this month
By Phil - 14 September 2015
Bloomberry Resorts will re-open its newly refurbished and rebranded casino on Jeju Island in Korea this month, under the new management of Jeju Sun Hotel and Casino.
The venture marks Bloomberry’s first casino investment on foreign soil. The operator bought 92 per cent of Golden and Luxury, who co-owns T.H.E. Hotel and Vegas Casino in the southern island of Jeju.
Bloomberry Chairman and Chief Executive Enrique Razon Jr. said: “We are very excited to introduce Jeju Sun Hotel & Casino starting out with the re-opening of this world-class casino after only less than four months. This is our first operating overseas property, and we exerted much effort to put in place the ambiance and amenities that would enrich the gaming experience.”
September’s reopening is the first phase of the refurbishment plan with the second phase scheduled for December 2015.
The Jeju Sun Hotel and Casino features 208 rooms and suites, and 2,125 square meters of gaming space. It is located on Jeju Island, which has been stamped by UNESCO as a world heritage site.
“The expanded casino facilities will include the refurbishment of the main lobby and new dining options. Moreover, the newly branded Jeju Sun Hotel and Casino will offer energetic entertainment and premium gaming facilities featuring the most popular games like baccarat, roulette, Sic Bo, blackjack and South Korea’s premier selection of the latest electronic games and slot machines that will set a new benchmark for lifestyle and leisure experience,” Bloomberry added.
Luis Limlingan, Analyst at Regina Capital Development Corp in Manila, said: “Having more presence outside the Philippines would bode well for the company. They can tap more Koreans, Chinese and Japanese.”
Jeju Island attracted 2.3m foreign tourists last year, of which 1.8m were from China. Chinese visitors are expected to grow to 5.3m this year. The island has been the focus of much casino activity in recent months.
Genting Hong Kong recently opened its first casino on the South Korean island of Jeju. Located at the Hyatt Regency Jeju Hotel, the new Genting Jeju Casino is a joint venture between Genting and Landing International Development, each of which holds a 50 per cent stake in the venture. The casino in the Hyatt Regency is one of eight gaming licenses in Jeju under the Tourism Promotion Act. Genting also plans to open the $2.2bn Resorts World Jeju, a project where it is also teaming up with Landing.
Bloomberry owns and operates the $1.2bn casino-resort Solaire in Manila Bay, in the Philippines.
