Bloomberry CEO calls for clarity of Japan IRs

“It’s becoming a bit of a joke. The process is pretty much muddled still and nobody really knows what’s going on”, Enrique Razon Jr said.

Japan.- Bloomberry Resorts Corp Chairman and CEO Enrique Razon Jr has raised concerns over a lack of information regarding the development of Integrated Reports in Japan.

Although he confirmed Bloomberry’s commitment to Japan, he talked about the difficulties facing operators due to a lack of clarity over locations and regulations, and escalating IR cost estimates.

“It’s becoming a bit of a joke. The process is pretty much muddled still and nobody really knows what’s going on”, he said.

“Are we going to end up with 20 IRs in Japan or just four or five? What can the market absorb? These are unknowns. It could be the greatest thing in the world, right? Nobody knows,” he added.

In an interview with Inside Asian Gaming, he also revealed that the company is monitoring multiple regional locations despite being closely linked with Wakayama.

“We would definitely consider other locations, it’s just that Wakayama seems determined to develop an IR whereas some of the others are kind of iffy. Tokyo doesn’t want one, Yokohama maybe, maybe not. Chiba said they wanted one, and now they say they don’t want one” he said.