Bloomberry Resorts CEO Enrique Razon told shareholders that the company is in talks with a potential Japanese partner in preparation for bidding for a gaming license in Japan.
Razon didn’t give further details. It would be the first overseas venture for Bloomberry, which opened its Solaire Resorts & Casino in Manila last year.
He also said the company is considering expanding Solaire to include three new hotel towers with 1,500 rooms and a 15,000-seat events area.By the end of phase 2, Solaire will have a total of 650 gaming tables and 3,000 electronic gaming machines. Construction of Solaire’s phase 2 will depend on market conditions, Razon said.Bloomberry returned to a profit in the first quarter of this year as gaming revenue at Solaire jumped 12 fold. Gross revenue surged to PHP7.38 billion ($165.4 million) pesos from PHP661 million the prior year, while profit was PHP1.46 billion from a loss of PHP1.05 million a year ago. Gaming revenue hit PHP7.06 billion making up 95.7 percent of the total.