SectorWire
SearchRegister
MenuClose

Bloomberry plans Jeju Sun spin-off and sale to South Korean buyer

Deals & M&A

Bloomberry Resorts Corporation plans to spin off its Jeju Sun casino business in South Korea and sell it to Gangwon Blue Mountain Co, according to the company announcement. The buyer has paid a $350,000 deposit, while completion and the remaining payment depend on the spin-off, regulatory approvals, due diligence and other closing conditions. Jeju Sun recorded a $706,000 loss in the June 2025 quarter.

The proposed sale remains conditional, so operators and investors must account for regulatory approval and other closing requirements.

Request a correction

Flag an issue

Keep reading

Deals & M&A

Play’n GO reportedly prepares for potential sale to regulated gaming buyer

Play’n GO is reportedly preparing for a possible sale to a major regulated gaming business, with sources describing a potential deal in the hundreds of millions of euros. Chief executive Johan Törnqvist declined to comment; Aristocrat, Genting and Light & Wonder were mentioned as possible buyers, not confirmed bidders.

Play’n GO is reportedly exploring a sale to a major regulated gaming business. Sources reportedly said a deal could be worth hundreds of millions of euros. When contacted, co-founder and chief executive Johan Törnqvist replied: "No comment."

Continue reading