Bloomberry reopens gaming property in Jeju, South Korea

RAZON-led integrated resort developer and operator Bloomberry Resorts Corp. is set to reopen this month its newly acquired casino on Jeju Island in South Korea, thus starting to unlock values from its offshore debut.

The reopening of the casino under Bloomberry’s management marks the first phase of a multi-stage refurbishment plan which was initiated last May. With the ongoing renovation schedule, the second phase is expected to be completed by December 2015, Bloomberry told the Philippine Stock Exchange on Monday.

“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,” Bloomberry chair and chief executive officer Enrique Razon Jr. said.

Jeju Sun Hotel & Casino, which is five minutes away from Jeju International Airport, has hotel 208 rooms and suites, 2,125 square meters of gaming space, dining options featuring fresh local produce and international cuisine, a bar and lounge and other hotel facilities such as an event space.

Bloomberry has a 96.23 percent stake in Jeju Sun Hotel & Casino, of which 10 percent it held directly and 86.23 percent was held through its subsidiary Solaire Korea Co. Ltd.

Under the new management, the newly renovated casino has been equipped with the latest state-of-the-art table games and electronic gaming equipment for the exclusive use of foreign guests.

Bloomberry said that the Jeju Sun Casino – with its professional dealers, entertaining atmosphere and new Players Club reward system – would enhance the travel experience while in Jeju.

Further refurbishment of the casino facilities will include the main lobby and new dining options, the company said.

“Moreover, the newly branded Jeju Sun Hotel & 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,” the company said.

Bloomberry is the developer and operator of Solaire Resort and Casino, the first integrated resort to open at Pagcor Entertainment City along Manila Bay.