Philippine billionaire Enrique Razon will buy an island in South Korea to develop a leisure and tourism complex, as he taps the country’s growth in gambling on rising tourist arrivals from China. Bloomberry Resorts Corp., controlled by Razon and operator of a casino in Manila, will buy the 21-hectare (52-acre) Silmi Island through unit Solaire Korea Co., according to a Philippine Stock Exchange filing on Tuesday. It’s Bloomberry’s second announcement of a property purchase in the country this year after the company signed in January four deals with landowners on Korea’s Muui Island, which is adjacent to Silmi Island. Continue reading... Must be nice to have enough money to just "buy" an island and plop a casino down on it.....and even nicer when you can buy property and own businesses in a foreign country......even though your own country would never allow such a thing.
