Bloomberry Resort, a casino operator based in the Philippines, will reopen its multi-owned gaming facility on Korea's Jeju Island this month under a new brand.
Bloombury Resort will reopen to Jeju Sun hotels and casinos on Monday, according to a filing with the Philippine Stock Exchange.
Bloomberg Resort, the developer and operator of Soler Resort and Casino in the Philippine capital Manila, has held a 96.23% stake in the Jeju venue since May, the parent company said in its second-quarter earnings report in August, adding that the property was closed during renovations.
A total of 10% of Jeju Casino Hotel is directly owned by the parent company, and 86.23% is held through Solaire Korea, a subsidiary of Bloomberry Resort.
"We are very excited to introduce this global casino (less than four months after closing)," Enrique Rajon, chairman and CEO of Bloombury, said in a statement accompanying Monday's filing.
"This is our first overseas property, and we have put in a lot of effort to equip the atmosphere and amenities that will enrich the gaming experience," he added.
The renovated property has 208 rooms, suites and 2,125 square feet of gaming space, according to Monday's filing. The location is close to Jeju International Airport.
The parent company said this month's reopening of its Jeju casino hotel is the first phase of a multi-stage maintenance plan that began in May. The second phase of the reform is expected to be completed by December. 안전한 카지노사이트
Bloomberg Resort also wants to invest more than $1 billion in a new casino resort complex that is being proposed on a site near Incheon International Airport in South Korea. Rajon's company has further expressed its intention to invest in Japan if it legalizes casinos.