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

JapanWednesday, Jun 21, 2017

City Councillor Hirotaka Ito has become the third candidate to throw his hat into the ring for the July 30 election for the Mayor of Yokohama, a major city being eyed by operators as a possible host for a large IR facility.

JapanTuesday, Jun 20, 2017

At Tuesday’s meeting of the Experts’ Committee advising the Japanese government on its IR Implementation Bill, a series of measures were proposed to keep a very tight regulatory lid on casino facilities.

JapanTuesday, Jun 20, 2017

Tomakomai city in Hokkaido, which is mulling the possibility of bidding for an IR license, is gaining support from the local business community.

JapanThursday, Jun 15, 2017

At Tuesday’s meeting of the Experts’ Committee advising the Abe government on its IR Implementation Bill, the issue of strict limitations on the total size of the casino space was a topic of debate.

JapanFriday, Jun 09, 2017

Japanese slot machine manufacturer, Universal Entertainment Corp says it is investigating the possibility of "fraudulent acts" related to a JPY 2 billion loan conducted by its founder and chairman Kazuo Okada in 2015.

JapanTuesday, Jun 06, 2017

Yokohama Mayor Fumiko Hayashi, previously known to support the idea of integrated resorts, has formally announced she will run for reelection against a candidate opposed to casinos, according to local sources.

JapanSunday, Jun 04, 2017

Las Vegas Sands is best positioned to win a gaming license in Japan due to its strong global track record, MorningStar analyst Chelsey Tam wrote in a note.