Bloomberry re-opens Jeju casino this month

Bloomberry Resorts Corp., the casino and resort operator owned by billionaire Enrique Razon Jr., is set to re-open its newly-acquired casino in Jeju Island in South Korea this month.

Bloomberry said in a disclosure to the stock exchange the casino would be under new management of Jeju Sun Hotel & Casino, which is 96.23-percent owned by Bloomberry unit Solaire Korea Co. Ltd.

“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,” Razon, chairman and chief executive of Bloomberry, said.

The re-opening of Jeju Sun Hotel & Casino would enable Bloomberry to start generating income from its first overseas investments.

Bloomberry said re-opening the casino this month was the first phase of a multi-stage refurbishment plan initiated in May.

After the ongoing renovation schedule, the second phase is expected to be completed by December 2015.

The refurbishment of the casino facilities will cover the main lobby and new dining options.

Under the new management of Jeju Sun Hotel & Casino, the newly-renovated casino boasts of the latest state-of-the-art table games and electronic gaming equipment open to foreign guests only.

“The Jeju Sun Casino, with its professional dealers, entertaining atmosphere and new Players Club reward system, is seen to enhance the travel experience while in Jeju,” Bloomberry said.

The newly-branded Jeju Sun Hotel & Casino will offer energetic entertainment and premium gaming facilities and South Korea’s premier selection of the latest electronic games and slot machines.

The Jeju Sun Hotel & Casino, boasting Jeju’s newest casino, is located just five minutes away from the Jeju International Airport.

The casino resort features 208 well-appointed rooms and suites, 2,125 square meters of gaming space, dining options that will feature fresh local produce and international cuisine, a bar and lounge and other hotel facilities with world-class amenities.

Bloomberry also signed a deal to acquire two islands in South Korea--the 20.96 hectares Silmi Island and the 12.2-hectare Muui Island.

Bloomberry operates Solaire Resort & Casino in the goverment-sponsored Pagcor Entertainment City in Parañaque City.

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