In connection with letter to Bloomberry Resorts Corporation (PSE:BLOOM) dated February 29, 2024 seeking clarification and/or confirmation relating to the news article entitled "BIZ BUZZ: Razon's Jeju casino up for sale (again)" posted in Inquirer.net on February 29, 2024, which reported in part that: "Rumors are resurfacing that Enrique Razon Jr.'s Bloomberry Resorts Corp. is moving to sell Jeju Sun Hotel & Casino Co.,Ltd. in South Korea as gamblers return to travel. Bloomberry, after a failed attempt to sell Jeju Sun in 2016, is now focused on offloading the overseas asset to concentrate on its expansion in the Philippines.

After all, the company has a busy pipeline of domestic projects with the expected opening of Solaire Resort North in Quezon City by the middle of 2024 before proceeding with the development of its sprawling property in Ternate, Cavite. . A source told Biz Buzz that Jeju Sun has been for sale for a while now but there are still no compelling offers to date.

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." BLOOM hereby clarifies that it is open to the possibility of selling its interest in Jeju Sun Hotel & Casino and there had been several expressions of interests and offers in the past. But there is no imminent deal with respect to the sale of Jeju Sun Hotel & Casino although there is growing interest on the property from potential buyers.