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Tag Archives: Bloomberry Resorts

Japan – Wakayama sets decision date of Autumn 2020 for IR hopefuls

Suncity Group, Bloomberry Resorts and Lucien Barrière will find out whether they have a future as a casino operator in the Japanese prefecture of Wakayama by Autumn 2020. That is of course if the national basic policy for Integrated Resorts bids is decided in January 2020. The tender of a licence in Wakayama, in the…

Japan – Suncity and Bloomberry unveil Wakayama blueprint

Macau-based Suncity and Bloomberry Resorts, owner of Solaire Resort & Casino in the Philippines, have launched their blueprint for an IR license in Wakayama. The pair launched their concept a symposium in Wakayama where they showed a video of their plans which includes a 2,500-room hotel and an exhibition hall to hold 12,000 people. Suncity…

Philippines – Bloomberry and Solaire reach new highs with higher revenues across the board

Bloomberry Resorts saw each of its revenue segments grow at its Solaire Resort & Casino in the Philippines and its Jeju Sun Hotel & Casino in Korea) pushing it to its highest levels of EBITDA and net profit since its flagship property Solaire opened in March 2013. Both EBITDA and net profit growth were supported…

South Korea – Iao Kun Group pull out of Jeju sale

Iao Kun Group Holding Company’s purchase of Bloomberry Resorts’ Jeju casino in South Korea has fallen through. Bloomberry Chairman Enrique Razon confirmed that negotiations with the Macau junket operator had come to an end. He said: “We had sale already done but it fell through. But business is starting to pick up so we are…

Cyprus – Only Melco/Hard Rock have secured land for Cyprus casino

Reports out of Cyprus suggest that the three horse race to land a casino licence could soon be whittled down to just one. Two of the bidders are struggling to secure land for their projects with government officials claiming that having extended the deadline for the current final stage round once already, the government is…

South Korea – Iao Kun Group Holding buys Jeju Sun from Bloomberry

Chinese casino group Iao Kun Group Holding Co is buying Jeju Sun Hotel Casino in South Korea from Bloomberry Resorts for KRW 117.5bn (US$102m). Owned by Enrique Razon, Bloomberry has confirmed it is offloading what was its first international foray after owning the property for just over a year. Lam Man Pou, Chairman of Iao…

Cyprus – Bloomberry joins the list of hopefuls in Cyprus

Bloomberry Resorts is the latest name to be linked to the future resort casino planned for Cyprus. The Philippine operator is believed to have added Cyprus to its expansion wishlist that already includes Korea and Argentina. The company, belonging to Enrique K. Razon Jr., a Filipino billionaire who owns International Container Terminal Services, is the…

Korea – Bloomberry to open Jeju Sun Hotel and Casino this month

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…

South Korea – Bloomberry to take Soliare brand to Jeju Island

Philippine casino operator Bloomberry Resorts has confirmed it is buying a South Korean casino hotel operator as well as an entire island and island properties in its first move overseas. It will purchase 92 per cent of Golden and Luxury, who co-owns T.H.E. Hotel and Vegas Casino in the southern island of Jeju. The Bloomberry…