Philippine-listed casino operator Bloomberry Resorts Corp. has shelved its plan to sell Jeju Sun Hotel & Casino as the revenue of the foreigners-only casino resort in the holiday island of South Korea improves.

Bloomberry chairman Enrique Razon, Jr. disclosed to local reporters on the sidelines of the Association of Southeast Asian Business and Investment Summit (ABIS) that the company had a change of heart in disposing its majority stake in Golden & Luxury Co. Ltd., operator of Jeju Sun Hotel & Casino.

The casino operator holds 96.23-percent stake in Golden & Luxury.

Razon, who was quoted by GMA News Online, noted that Jeju Sun’s revenue “is now breaking even.”