Bloomberry would seek a partner for potential Japan casino

Bloomberry Resorts Corp. has confirmed it is considering investing in a gaming business in Japan, according to its filing to the Philippine Stock Exchange.

"This possible expansion in Japan is part of the Corporation’s ordinary course of business in searching for business opportunities in the Philippines and abroad," it said.

The company told the stock exchange that it would be looking to partner with a large Japanese company or several companies.

Bloomberry Resorts shares rose 2.09 percent on Wednesday after news that Japan is soon to enact a bill legalizing casinos in the country.

The market is also being eyed by several big name operators including Las Vegas Sands, MGM Resorts, Hard Rock Cafe International, Melco Crown Entertainment and Genting Singapore.

More news from this jurisdiction

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Japan’s government will launch the headquarters of the cabinet office branch that will be responsible for the bill setting out details for its casino legislation this Friday.

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Japan, PhilippinesMonday, Mar 13, 2017

Japan’s Universal Entertainment is disposing of treasury shares through an international offering and third-party allotment to raise funds for operations at its $2.4 billion Okada Manila resort in the Philippines.

JapanWednesday, Feb 22, 2017

Hard Rock Cafe International is aiming to own up to 60 percent in a Japanese casino resort, and will be looking to partner with Japanese companies in a consortium, according to its chairman on Tuesday.

JapanWednesday, Feb 22, 2017

MGM Resorts International says it will be stepping up its efforts in Japan over the next 30 days.