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

Macau, JapanMonday, Jan 09, 2017

SJM Holdings executive director Angela Leong doesn’t believe the opening of casinos in Japan will have a strong effect on Macau.

Japan, SingaporeThursday, Jan 05, 2017

Japan will prove to be the largest opportunity in gaming today and all hospitality companies will be active in the market evaluating the potential opportunity while the legislation is being written.

Japan, Macau, SingaporeThursday, Jan 05, 2017

Regulators and policymakers alike will come under increasing pressure to address issues such as the integrity of sports betting, whether social gaming should be regulated, what prescriptive standards and requirements should be set aside in favour of risk-based regulatory oversight, and how emerging technologies like virtual reality games should be evaluated for suitability to be offered as gambling propositions.

Japan, Vietnam, South KoreaThursday, Jan 05, 2017

Predictions for the 2017 Asian Gaming market could be precarious, but I speculate we will begin to see disruptive technologies migrate to the mainstream.

JapanWednesday, Dec 28, 2016

A new law legalizing casino gambling in Japan took effect on December 26.

JapanMonday, Dec 19, 2016

Japan is likely to adopt gaming regulations that are similar to Singapore, with limited license and an entrance fee for locals, Fitch Ratings says in a report.

JapanTuesday, Dec 13, 2016

While the ruling Liberal Democratic Party held off on its plan to enact the Casino Bill last week, the controversial bill has continued to be a hot topic of discussion.