Bloomberry’s Jeju Sun Hotel and Casino has been ordered to suspend gaming operations at its South Korean operations for one month beginning November 16, according to a filing with the Philippine Stock Exchange.
“As penalty for the acts of its previous casino management, Jeju Sun was imposed an administrative penalty of one month suspension of gaming operation by the Jeju Island gaming regulator,” the Bloomberry Resorts filing stated.
According to the filing the suspension is a result of a regulator’s investigation of the gaming tax payment practices of the casino which was previously known as “THE Las Vegas Casino” and the violations occurred under its old management and owners.
The hotel and other amenities at the property will not be affected by the suspension and Bloomberry plans to use the time to complete an ongoing renovation of the Island resort. Bloomberry took a controlling share of more than 96% in the property in May and reopened it under the Jeju Sun Hotel and Casino name in September. The venture is the Philippine operator’s first foray into the international casino market.
In addition to the Jeju Island hotel and casino Bloomberry is looking to win a bid for a casino license in the Incheon Free Economic Zone, close to the country’s main international airport and near Seoul. They are also looking at Argentina to expand their overseas business.
The casino is expected to re-open on December 16, in time for the winter holidays peak season.