MANILA, Philippines — The government-owned gaming regulator and controlled corporation of the Philippines unveiled that the PHP500-million integrated casino resort project of Galaxy Entertainment Group in the most popular summer destination in the country– the Boracay Island – was put on hold as late as the Macau-based operator is able to win over President Rodrigo Duterte that the proposed venture would be beneficial not only for the island itself but also for the entire region.
As Reuters reports, this is the first time when the Philippine Amusement and Gaming Corporation (PAGCOR), which currently serves as country’s gambling regulatory organization that was established through the Presidential Decree 1067-A, has provided a direct details regarding the integrated casino resort project’s shape. According to local media reports in the country, PAGCOR had provided an explanation that there was no final confirmation was given about the status of the Boracay casino of Galaxy Entertainment, even after the the Malacañang Palace’s spokesman Harry Roque disclosed that there were no new casino would be given the go signal in Boracay.
Galaxy Entertainment Group — one of Asia’s leading developers and operators of integrated entertainment and resort facilities — has been given a temporary license by PAGCOR. Nevertheless, as the presidential spokesman Roque said earlier in April, that the firm would not be able to construct its integrated casino resort project in the island. He added that President Duterte had not issued a command to authorize that a new casino to be built in Boracay, which has been the crown jewel of the country.
As we previously reported, the the country has opted to temporarily close down Boracay for a six-month for a rehabilitation and fixing of sewage system, after country officials, including the President, expressed their concern with the level of water pollution surrounding the island.
PAGCOR President Alfredo Lim stressed out that the Hang Seng Index listed company Galaxy Entertainment would have to provide President Duterte with detailed information about the project, including more data regarding the advantages and how integrated casino resort would be beneficial to the region. The firm would also have to manifest that it would comply with the Philippines’ environmental laws.
In March 2018, PAGCOR issued Galaxy Entertainment and its local partner Leisure and Resorts World Corp., with the provisional license allowing them to begin working on their integrated casino resort project.
President Duterte claimed that there were no casino would be allowed to be established in Boracay. Duterte further said that he did not approve any casino project, not a single one, due to the fact that gambling could cause a lot of havoc to local citizens in the island. — Centrionews.com