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 pachinko industry has begun a new campaign to help financially disadvantaged students through university, but activists are dismissing the campaign as just a marketing stunt.

JapanWednesday, Apr 12, 2017

Japan’s government is unlikely to table a bill to restrict horse racing or its pachinko industry in tandem with regulation to introduce casinos into the country, Union Gaming said in a note.

JapanFriday, Apr 07, 2017

Japan’s future integrated resorts may be required to house non-gaming spaces such as conference and exhibition halls under a government proposal.

JapanWednesday, Apr 05, 2017

Prime Minister Shinzo Abe on Tuesday officially kicked off the inaugural meeting of the government task force aimed at mapping out casino regulations in the country.

JapanMonday, Apr 03, 2017

Slot machine supplier Konami Holdings Corp. says it will get involved in Japan’s gaming industry as long as the regulations are as strict as those in Las Vegas.

JapanFriday, Mar 31, 2017

The Japanese government is considering imposing restrictions on existing gambling establishments, including pachinko parlors and race tracks in an effort to tackle addiction, Bloomberg reports.

JapanWednesday, Mar 29, 2017

Casino operator Galaxy Entertainment Group has plans to partner with its associate in Monaco, Societe des Bains de Mer (SBM), to pursue casino resort development opportunities in Japan and other markets in Asia-Pacific.