Bloomberry Resorts Corporation would invest in Japan if the country legalises the industry.
Japan.- As Japanese Senates moves forward with the Casino Bill, which would set the conditions to legalise the gambling industry, most renowned international brands show interest in investing in the Asian market. This week, Bloomberry Resorts Corporation revealed the plans to construct a major project in Japan, once the casino industry is legalised.
“Once law is passed in Japan, it would be a very interesting market. But we don’t know yet the final form and terms. Japan will be a very good market,” admitted Enrique Razon Jr, chairman and CEO of the Manila-listed company International Container Terminal Services Inc. (ICTSI), and one of main stakeholders of Bloomberry Resorts and Hotels.
The gaming brand has followed the lead of Sands Corp., MGM International, Genting and Hard Rock International, which revealed their interests in the Japanese potential market. Bloomberry Resorts Corporation currently operates one of the most successful Asian casinos, such as Solaire Resort and Casino in Philippines, or Jeju Sun Hotel & Casino in South Korea.
Japan will define today the future of the gambling industry in the country, as the national senate is debating the current draft of the Casino Bill. The discussion could be delayed again and legislators would have to set the resolution next year, which would postpone the construction of casinos to 2023 at least.