Jeju Sun Hotel & Casino is a 5-hibiscus hotel located in Jeju City on the island of Jeju-Do in Korea, conveniently located five minutes from Jeju International Airport. The hotel has 203 well-appointed rooms and suites, 2,125 square meters of gaming space featuring table games such as baccarat, blackjack, Sic Bo, roulette as well as the latest slots and electronic gaming machines, several reputable dining establishments featuring international cuisine options, a lobby lounge, bar and banquet facilities.In June 2016, Iao Kun Group Holding Company Limited announced that its indirect wholly-owned subsidiary, Iao Kun Jeju Hotel Company Limited entered into a share purchase agreement with Golden & Luxury Company, Ltd., Solaire Korea Co., Ltd. and Bloomberry Resorts Corporation to acquire the Jeju Sun Hotel & Casino in Jeju, Korea for KRW117.5 billion in cash ($101 million)
Interblock has announced it has signed an agreement with Jeju Sun Hotel & Casino that will bring electronic table games to Jeju-Do Island in South Korea for the first time ever. The Jeju casino resort is owned by Bloomberry Resorts, owners of Solaire Casino Resort in the Philippines. The installation will consist of a 26-seat […]
Bloomberry Resorts said second quarter consolidated net profit grew 47.4 percent year-on-year to P1.96 billion (US$38.5 million), attributed to robust growth in its Philippines gaming operation. Net revenue increased 17.8 percent to P9.9 billion in the quarter. The boost was attributed to an increase in revenue from its Solaire Resort & Casino property in the […]
Philippines-listed Bloomberry Resorts Corp posted an all-time record in gross gaming and non-gaming revenues as well as EBITDA for the first nine months of 2016, helped by cost controls and a jump in Q3 VIP revenue. According to the company’s filing to the Philippine Stock Exchange on Monday, gross gaming revenues grew 14 percent to […]
Iao Kun Group Holding Company Limited, has announced its annual dividend for 2015 at $0.008 per ordinary share as of July 8, 2016, according to a recent filing. The payment date of the dividend will be July 20, 2016. IKGH recently acquired the Bloomberry’s Jeju Sun Hotel & Casino in Jeju, Korea for $102.3 million. […]
The Philippines’ Bloomberry Resorts Corporation said it’s selling its Jeju casino property in South Korea for about $102.3 million, a little over a year after it first acquired the resort. The company said in a filing to the Philippine Stock Exchange that it will sell its 96.23 percent shareholding in Golden & Luxury Co. – […]
Casino operator Bloomberry Resorts Corp has reported a net loss of PHP 1.2 billion (US$24.9 million) in 16Q1, compared to a net loss of PHP 533 million in the same quarter in 2015. Total revenue was down 10 percent year on year, at PHP 5.7 billion for the quarter, compared to PHP 6.3 billion in […]
Enrique Razon Jr. has warned of an oversupply of casinos in the Manila Bay area, with two more gaming complexes scheduled to open in the next two years, The Inquirer reports. “It’s too many, too fast,” said Razon, chairman of Bloomberry Resorts Corp. on the sidelines of the International Container Terminal Services Inc. annual general […]
Philippines-listed Bloomberry Resorts Corporation reported an audited consolidated net loss of P3.4 billion (US$73.2 million) in 2015 compared to net profit of P4.1 billion in 2014. Bloomberry, owner and operator of the Solaire Resort & Casino and Jeju Sun Hotel & Casino said the loss was a result of large increases in depreciation and amortization […]
South Korea’s three major operators are likely to come through the economic downturn caused by the Covid-19 pandemic without too much difficulty, but the smaller and weaker operators on the island of Jeju may face a much tougher time, analysts say.
South Korea says its tourism arrivals have now almost recovered following an outbreak of Middle Eastern Respiratory Syndrome in May that triggered a three-month plunge in visitor numbers.