Philippine President to allow gaming projects in Boracay
Tuesday 31 de August 2021 / 07:25
2 minutos de lectura
(Philippines).- Philippine President Rodrigo Duterte has stated that he will allow casinos on the resort island of Boracay, possibly opening the door for a previously suspended Galaxy Entertainment Group project in the region.
In March, 2018 (GEG) revealed that it had succeeded in obtaining a provisional gaming license to run a casino-resort on the island of Boracay in the Philippines in cooperation with Leisure & Resorts World Corp. (LRWC), with the company pledging to invest some US$500 million in the project.
However, shortly after President Duterte revealed his opposition to Galaxy’s integrated resort project, and vowed to provide land on the island to farmers instead and threw the project into uncertain waters, as the island was shut down to tourists for a six-month period for cleaning and renewal purposes.
Later the Philippines Amusement and Gaming Corporation (PAGCOR) still did not clarify if the project would go forward, doubts that remained until now.
In December, 2019 LRWC announced that it would abandon its plans to develop the integrated resort and that it has stopped discussions with GEG for the project.
LRWC initially bought 23-hectare land plots in Boracay in 2017, with initial plans discussed with galaxy predicting a hotel-casino to open in 2020.
Since GEG has not made any references to the project in recent financial reports, but its latest financial report still including a Philippine subsidiary for the Boracay project.
In a recent speech last week Duterte was reported as saying the country’s government need funds to deal with the impact of the Covid-19 pandemic in the local economy and that new sources of income would be considered.
Andrea Domingo, chairwoman and CEO of PAGCOR, also indicated that the suspended gaming license held by Galaxy for the island could be lifted if requested by the group
Categoría:Gaming
Tags: Sin tags
País: Philippines
Event
iGaming Club Conference Cancun
24 de November 2025
Levon Nikoghosyan Confirms iGaming Cancun’s Success and Future LATAM Expansion
(Cancun, SoloAzar Exclusive).- The vibrant energy of iGaming Cancun has set the tone for a new chapter in the Latin American iGaming industry. Levon Nikoghosyan, CEO and Co-Founder of AffPapa and iGaming Club, shared his enthusiasm for the event’s debut in Mexico, highlighting its impact on the regional market and the company’s ambitious plans for the future.
Thursday 04 Dec 2025 / 12:00
iGaming Club Cancún 2025 Concludes Successfully with Strong Connections in Its First LatAm Edition
(Cancun, SoloAzar Exclusive).- iGaming Club Cancún 2025 came to a close last night with a comprehensive experience of conferences, networking, and the AffPapa iGaming Awards LATAM gala, consolidating itself as a unique space for operators, affiliates, and providers in the region.
Thursday 27 Nov 2025 / 12:00
iGaming Club Cancún 2025: Affiliates, Operators, and Innovation Take Center Stage on Final Day
(Cancun, SoloAzar Exclusive).- The second and final day of iGaming Club Cancún 2025 unfolds today, bringing together operators, affiliates, and select B2B providers in a unique networking and conference environment that highlights the evolving dynamics of the Latin American iGaming market.
Wednesday 26 Nov 2025 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.