Galaxy Entertainment Reportedly Searching for brand New Casino Site After Boracay Plans Bust
Galaxy Entertainment is reportedly searching for a brand new spot to create its next casino resort after its $500 million plans on the Philippines' Boracay Island recently came to a screeching halt.
A government official in the Philippines says Lui Che Woo's Galaxy Entertainment is making picturesque Boracay Island and seeking a new place to build its casino resort.
The Hong Kong-based casino operator led by billionaire Lui Che Woo is allegedly using his half of a billion dollars and looking for a considerably better locale after engaging in a public dispute with Philippines President Rodrigo Duterte.
Though the country's video gaming regulator PAGCOR (Philippine Amusement and Gaming Corp) issued Galaxy a provisional license for the island, the president stated recently he knew of 'no plans for the casino,' and which he would supply the land once it's reformed 'to farmers, to the Filipinos first.'
In mid-March, Galaxy Vice Chairman Francis Lui said the company was 'pleased to support President Duterte plus the Philippine government's initiative for the managed and sustainable development of Boracay.'
Boracay Island is planned to close April 26 at the direction of Duterte, who labeled it a 'cesspool.' The four-square-mile area is to be closed for 6 months and cleaned up underneath the direction of Environmental Secretary Roy Cimatu.
The island is amongst the many vacation that is popular into the Philippines. (more…)