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

JapanMonday, Oct 23, 2017

Despite lagging personal popularity, Prime Minister Shinzo Abe was able to guide Japan’s ruling coalition to yet another crushing supermajority in general elections.

Japan, ElsewhereFriday, Oct 20, 2017

Norio Tomonaga, mayor of Sasebo city, Nagasaki Prefecture, visited Las Vegas on Monday as part of a week-long official tour of the United States.

JapanThursday, Oct 19, 2017

Japan’s Universal Entertainment says it has no knowledge of plans by former chairman Kazuo Okada to obtain a backdoor listing for the country’s Philippine unit in Manila.

JapanWednesday, Oct 18, 2017

Japan’s general election will not be held until next Sunday, October 22, but the implosion of the leading opposition party virtually guarantees another lopsided win for the ruling Liberal Democratic Party, with the only real question being the scale of the victory.

JapanMonday, Oct 16, 2017

Among Japan’s smaller, regional governments, Tomakomai city in Hokkaido maintains a distinct lead over their peers in terms of the degree to which their engagement with IR operators and other related businesses has advanced.

JapanSunday, Oct 15, 2017

MGM Resorts appears to be in the lead among international IR operators in terms of building its infrastructure within Japan.

JapanSunday, Oct 15, 2017

More tourists are picking Osaka as their Japan holiday destination, with visitors arriving via Kansai airport outstripping those to Narita airport near Tokyo.