Philippines' Bloomberry says plans US$1b casino deal in South Korea

[MANILA] Bloomberry Resorts Corp plans to invest more than US$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 programme.

Bloomberry is owner and operator of a US$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