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

JapanTuesday, Aug 15, 2017

The Japanese government is in the process of revising the Civil Code in order to lower the age of adulthood from 20 to 18-years old. However, it has reportedly been decided that this change will not be applied to gambling.

JapanMonday, Aug 14, 2017

The ruling coalition Komeito party remains divided over whether or not to support the forthcoming IR Implementation Bill, according to several reports in the Japanese news media.

JapanThursday, Aug 10, 2017

From August 17 to August 29, nine public hearings regarding the forthcoming IR Implementation Bill will be held around the country.

JapanThursday, Aug 10, 2017

On Tuesday, the Kansai Association of Corporate Executives issued a public appeal regarding the concepts that they hope will guide the development of the prospective IR to be established at Yumeshima in Osaka.

JapanWednesday, Aug 09, 2017

MGM Resorts has announced the appointment of former Charge d'Affaires, United States Embassy Tokyo, Jason P. Hyland as the representative officer and president of MGM Resorts Japan.

JapanTuesday, Aug 08, 2017

A new poll from Jiji Press underlines once again that very little has been done to convince the general public to accept casino gambling.

JapanSunday, Aug 06, 2017

The World Poker Tour has teamed with the Japan Poker Union Corp to hold a special four-day event in Tokyo in November, its first tournament in Japan.