Razon's Bloomberry plans $1B casino deal in South Korea

Bloomberry Resorts Corp. plans to invest more than $1 billion in an integrated casino complex in South Korea and is in talks with a potential Korean partner for the project, company chairman Enrique Razon said on Thursday.

 

The gaming firm last month signed deals to buy an island and a casino operator in South Korea, jumpstarting its overseas expansion program.

 

Bloomberry is owner and operator of a $1.2 billion integrated casino-resort Solaire along Manila Bay. It is the first of four casino projects in Entertainment City, Manila's much-smaller version of the Las Vegas gaming strip. – Reuters