Tag Archives: Bloombery Resorts
- Bloomberry bounces to profitability in Q2
August 11, 2016
Record-high gross gaming revenues lift Philippine casino operator Bloomberry Resorts Corp. back to profitability in the second quarter of 2016. In a disclosure to the Philippine Stock Exchange on Thursday, Bloomberry’s net profit surged by 69 percent to PHP1.33 billion (US$ 28.45 million) in April-June period of 2016, which is...
- Iao Kun finds treasure in Jeju Sun casino
June 28, 2016
This is a case of one man’s trash being another man’s treasure. Macau junket investor Iao Kun Group Holding Company (IKGH) is convinced that it made a good decision by buying Jeju Sun Hotel & Casino on South Korea’s Jeju Island from Philippine casino operator Bloomberry Resorts Corporation. Bloomberry Resorts...
- Solaire boss warns that Manila casino market supply could soon exceed demand
April 21, 2016
The owner of Solaire Resort and Casino fears that the supply of casinos in the Philippines is growing faster than customer demand. On Thursday, Bloomberry Resorts Corp owner Enrique Razon Jr told reporters that Manila’s casino development is a case of “too many, too fast.” Bloomberry, the parent company of...
- China VIP decline to affect the Philippine casino industry a misconception says Bloomberry boss
January 20, 2016
Chairman and CEO of Bloomberry Resorts Corporation Enrique Razon believes that the Philippine gaming will still grow even if high-spending Chinese players never return to the gaming tables. In an interview with The Inquirer, Razon reiterated that the country have dodged the worst effects of the corruption crackdown in China...
- Bloomberry set to re-open casino in Korea
September 14, 2015
Philippine casino operator Bloomberry is re-opening its casino in Korea under the new management of Jeju Sun Hotel & Casino this month. In a disclosure to the Philippine Stock Exchange, Bloomberry said it has 96.23% shareholdings in Jeju Sun, 10% held directly and 86.23% through its subsidiary Solaire Korea Co....
Kangwon Land casino paying problem gamblers to stay away
March 24, 2017
Tensions in Asia propel bitcoin past $4,000 to new milestone
August 14, 2017
Cyberattack cripples Korean bitcoin exchange Bithumb
July 6, 2017
Chinese tourists maintain biggest spenders’ crown
April 13, 2017