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Tag Archives: Jeju Sun

Philippines – Bloomberry’s profits up 38 per cent as GGR at Solaire and Jeju Sun surge

Bloomberry Resorts, owner of Solaire Resort & Casino in the Philippines and Jeju Sun Hotel & Casino in South Korea, saw its profits increase by 38 per cent in 2019 to reach P9.9bn. Total Gross Gaming Revenue (GGR) at Solaire was P59.8bn, 17 per cent higher than in 2018, driven by higher hold in VIP…

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…

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…

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…