Bloomberry Resorts & Japanese firm discuss casino partnership

japan 2Reuters – Philippine leisure and gaming firm Bloomberry Resorts Corp is in talks with a potential Japanese partner for what could be the company’s maiden overseas venture, its chief executive officer said on Thursday.

The talks are in preparation for bidding for a gaming license if and when a Japanese gambling law is passed, Enrique Razon, Bloomberry CEO and the Philippines’ fourth-richest man, said at a stockholders meeting. He did not name the Japanese firm.

“We’re now working on Japan,” Razon said. “If the integrated resort law passes in Japan this year, we will contend for a license.” Japan is currently studying legislation to legalise casino gambling. The market there is seen as potentially the second-largest in the world.

Razon also said the company is studying opportunities elsewhere in Asia, particularly Macau, which may open application for new licenses in 2020. The company is also considering further expanding its Solaire casino-resort in Manila to include three new hotel towers with 1,500 rooms and a 15,000-seat events area, he said.

The planned expansion, which is subject to market demand, would raise Solaire’s gaming tables to 650 from 360 and nearly double its electronic gaming machines to 3,000, making it the largest integrated resort worldwide, Razon said.

Solaire is set to open in November its $400 million expansion featuring more VIP gaming sections and a mall, theater and another hotel, with the extension having a total gross floor area of 200,000 square metres.

The company will add 1,300 staff for its new phase, as it expects to increase its share of foreign junket operators to 70 percent given the opening, Razon said.

FULL STORY

Related Stories from This Week in Gambling:

  • Tribal recognition & casino talk The Ridgefield Press - Three state recognized tribes that are seeking federal recognition could push to open more casinos across Connecticut, which has local officials worried about traffic and land claims in the area. The Golden Hill Paugussetts in Colchester and Trumbull, the […]
  • Malaysian Casino Raid Nets 33 Arrests On June 21st 2015, it was reported that in Subang Jaya, police detained 33 gamblers. These gamblers included college students from Singapore, Italy and Iran. The raid came in the early morning after a tip off from the public on the 20th. It has been said by the Oriental Daily that the […]
  • Sheldon Adelson: Japan & South Korea are “promising” for development Las Vegas Review Journal - Officials with high-flying Las Vegas Sands Corp. raved about last year’s financial results and were giddy about potential expansion in Asia during an annual shareholder meeting Wednesday. Sands is on track to add thousands of hotel rooms by the end of next […]