Asia

Galaxy Entertainment Group Ltd, to acquire a license for its US$500 million-integrated casino-resort project

Published

7 years ago

March 21, 2018

A performance at the Galaxy Macau casino resort, operated by Galaxy Entertainment, in Macau. Photo credits: www.google.co.in

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Philippine Amusement and Gaming Corp announced today that Galaxy Entertainment Group Ltd, one of Asia’s leading developers and operators of integrated entertainment and resort facilities and Macau casino operator is all set to acquire a license for its US$500 million-integrated casino-resort project in the central Philippines.

Andrea Domingo, the Chairman of Pagcor, said at a gaming conference that the casino project in Boracay will navigate through, though there was a potential closure of one year of the tourist destination for a clean-up.

Pagcor is anticipated to sign and issue a provisional license for Galaxy and its local partner Leisure and Resorts World Corp on Wednesday, March 21st.

The company had acquired a 23-hectare slot in Boracay for the casino-hotel project. Boracay has welcomed more than two million domestic and international tourists in 2017. Philippines’ tourism, interior and environment ministers last week recommended the shut down of Boracay for a massive clean-up, therefore it is expected that the construction of the resort will take longer than planned.

Domingo said that President Rodrigo Duterte met with Galaxy executives and asked them to protect the environment and shun corruption.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.