Galaxy’s $500M Boracay casino on hold
Macau casino giant Galaxy Entertainment Group has a lot of convincing to do if it wants its planned $500 million casino project on Boracay island to push through.
The Philippine Amusement and Gaming Corp. has put Galaxy’s plan on hold until it can convince President Duterte to change his mind about not allowing a casino in one of the world’s most famed beaches, Reuters reported.
“They (Galaxy) have to probably explain to the president the advantages and that they will comply with the environmental laws,” Pagcor president Alfredo Lim was quoted as saying by Reuters.
Duterte has been vocal in his oppposition to a casino in Boracay.
While Galaxy and its local partner Leisure Resorts & World Corp. secured a provisional license from Pagcor, they can not proceed with the project.
Boracay has been closed down for six months starting April 26 for a major clean up of what Duterte had called a “cesspool” due to pollution.