Bloomberry mulls sale of Korean casino, second Manila venue targets mass market

Philippine casino operator Bloomberry Resorts is considering selling its recently acquired casino on South Korea’s Jeju island.

On Friday, Bloomberry filed a notice with the Philippine Stock Exchange to address media reports that it was looking to sell the Jeju Sun Hotel & Casino, one of eight foreigners-only casinos on the island.

Bloomberry’s brief notice confirmed that selling Jeju Sun is “one of the options it is looking at. However, no agreement has been signed yet with respect there to to date.”

There’s no question that Jeju Sun hasn’t been the cash cow Bloomberry might have hoped when it acquired the property in April 2015 via Bloomberry’s Solaire Korea Co Ltd subsidiary.