Galaxy Puts $500 Million Boracay Casino on Hold

Land casino group Galaxy has announced that they've put plans to build a $500 million resort in Boracay due to objections from Filipino President Rodrigo Duterte.

Duterte has been fiercely anti-gambling, and he called the Boracay area a cesspool, noting that he would never allow a casino there. Galaxy has planned the resort for some time, and holds a gaming license from the Philippine Amusement and Gaming Corp but that doesn't appear to matter as Duterte has put the kibosh on the development.

While dropping the plans is an option, Galaxy will instead appeal to the president, showing that they will comply with all laws while also explaining the advantages of allowing a resort in the area.

Duterte is anti-gambling, vowing that he won't allow any new casinos to be opened for as long as he's in power. This has led to Duterte closing the Boracay area for six months, which will cause the area to lose out in more than $38.72 million in revenues.

Casino Listings will keep an eye on this story and update readers as we learn more.

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bgsharpe
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4 May 2018 - 12:16pm
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I think it's quite risky from the Galaxy's group side to invest that much of a funds knowing that the president is completely against gambling, yeah really risky.

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