Bloomberry exits South Korean gaming market with completed casino sale
Wednesday 04 de March 2026 / 12:00
2 minutos de lectura
(Manila).- Bloomberry Resorts Corp. has completed the sale of its loss-making casino operations in Jeju Island, marking its exit from its overseas gaming business. The tycoon Enrique Razon Jr.-led firm told the exchange that its indirect unit Golden & Luxury Co. Ltd. had signed a share purchase agreement with Gangwon Blue Mountain Co. Ltd. as part of an earlier plan to spin off its casino business.
Bloomberry Resorts Corp. has finalized the divestment of its struggling casino operations in Jeju Island, effectively signaling its withdrawal from international gaming ventures.
The company, helmed by tycoon Enrique Razon Jr., informed the stock exchange that its indirect subsidiary, Golden & Luxury Co. Ltd., executed a share purchase agreement with Gangwon Blue Mountain Co. Ltd.
This transaction forms part of Bloomberry’s earlier strategy to streamline its portfolio by spinning off non-core and loss-making assets. With this move, the firm is expected to sharpen its focus on its profitable domestic operations, particularly its flagship Solaire Resort & Casino in Manila, while reducing exposure to overseas risks and consolidating resources for future growth initiatives.
The demerger covering the gaming license and operations of Jeju Sun has already been completed, with the business transferred to a new company, Heaven Co. Ltd.
The buyer—now called Blue One Ltd.—has paid 7 billion Korean won for the shares of Heaven Co. Ltd., with the transfer finalized on March 4, 2026.
The deal
Under the agreement, the buyer still has a remaining balance of 3 billion won on the purchase price, which will be settled on or before Feb. 27, 2027, Bloomberry said.
Following the transaction, Heaven Co. Ltd. will continue operating the casino at the property owned by Golden & Luxury on Jeju Island under a lease arrangement while it searches for a new site for its gaming operations.
Categoría:Casino
Tags: Sin tags
País: Philippines
Región: Asia
Event
ICE Barcelona 2026
19 de January 2026
Nadia Popova from EGT on ICE Barcelona 2026:"The new concept of our stand made a strong impression on visitors"
(Barcelona, SoloAzar Exclusive).- In this post-event interview from Barcelona, Nadia Popova, EGT’s Chief Revenue Officer and VP Sales & Marketing shares insights on the company’s standout presence, its “All eyes on us” stand concept, key product highlights, and the strategic partnerships forged at ICE Barcelona 2026.
Friday 20 Feb 2026 / 12:00
Luz Beatriz Jaramillo Serna of 21Viral: “Our presence at ICE Barcelona 2026 was exceptionally positive”
(Barcelona, SoloAzar Exclusive).- Following her participation at ICE Barcelona 2026, Luz Beatriz Jaramillo Serna, Head of Business Development, Marketing and Sales for Latin America at 21Viral, analyzes the commercial impact of the event, the trends set to shape the industry’s direction, and the company’s strategic priorities to consolidate growth across the region and new regulated markets.
Monday 16 Feb 2026 / 12:00
Toni Karapetrov from Habanero on ICE Barcelona 2026: Regulated Growth, Localization and Strategic Expansion Drive 2026 iGaming Strategy
(Barcelona, Exclusive SoloAzar).- In this interview, Toni Karapetrov, Head of Corporate Communications at Habanero, shares insights from ICE Barcelona 2026, highlighting premium content innovation, high-level industry engagement, key iGaming trends such as localization and gamification, and the company’s strategic focus on regulated market expansion and sustainable growth in 2026.
Friday 13 Feb 2026 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.