Philippines: Galaxy's USD 500 M casino project will be granted a license
Galaxy's casino project in Boracay, the Philippines' most famous holiday island, will push through despite the potential one-year closure of the tourist spot for clean-up, Andrea Domingo, chairman, Philippine Amusement and Gaming Corp (Pagcor), said at a gaming conference. Gaming regulator Pagcor on Wednesday will sign and issue a provisional license for USD 500 million Galaxy resort and its local partner Leisure and Resorts World Corp, Domingo said.
Leisure and Resorts World had acquired a 23-hectare slot in Boracay for the casino project. The Philippines' tourism, interior and environment ministers last week recommended the closure of Boracay, which President Rodrigo Duterte called a "cesspool", for up to one year.
Boracay, famous for its white sand beaches and vibrant night life, welcomed more than two million domestic and foreign tourists last year.
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