Enrique Razon Jr., chairman and CEO of Bloomberry Resorts, addressed a report from ABS-CBN News about the company’s planned casino expansion in South Korea. Razon declined to go into further details, opting only to say that South Korea as one of “several prospective jurisdictions outside the Philippines that Bloomberry is looking at.”
“It is part of the company’s ordinary course of business to continuously evaluate potential opportunities offshore,” Razon said.
In June, Bloomberry confirmed its interest for Japan’s casino license and has been in talks with a potential Japanese partner. That bid is unlikely to move forward until Japan decides to legalize casinos in the country.
Over in Australia, Echo Entertainment Chairman John O’Neill told Echo shareholders that the company has a back-up plan in the event it losses out on its casino proposal in Brisbane to its rival Crown Resorts. “I’m not at liberty today to divulge what Plan B is but rest assured that the company has a plan B,” O’Neill replied to a question from a shareholder who asked how Echo would proceed if it loses to Crown.
CEO Matt Bekier stressed that the company moves full steam ahead with its Brisbane proposal and even admitted that losing out to Crown would be a “blow” to its perceived competitive advantage over its rival.
Chief Executive Matt Bekier told reporters after the annual general meeting that it would be a blow to Echo’s competitive advantage if Crown were to win.
“To have two casinos right next door to each other on a constrained site, we’ll have to do the best we can in the location,” Bekier said. “We’re not going to go away but it’s not the ideal outcome.”
