Galaxy Entertainment Firm on Philippines Resort
With Boracay Island closed off for environmental clean-up, Galaxy Entertainment has reportedly bought more property on the island. The Hong Kong-based gaming operator is still committed to their plan, despite a few setbacks. As such, there’s a lot of uncertainty as to the future of the island as a tourist destination.
Galaxy Entertainment still plans to open a resort that is ‘eco-friendly’ within a budget of AU$300 to AU$500 million. While the island is being ‘revitalised,’ the company is still set on constructing a resort there. Their plans are still in development, and will need to be ‘environmentally compliant’ to be approved. This is because of illegal structures on the island that are draining waste into the ocean. President Rodrigo Duterte has also threatened to ‘blow up’ any illegal buildings on the island.
Local Businesses Oppose Galaxy Entertainment
As well as the closure of Boracay Island, Galaxy Entertainment is facing opposition from local businesses. These businesses, along with environmental groups, claim that the island doesn’t need a resort to attract tourists. However, the Philippine Amusement and Gaming Corporation (PAGCOR) have already granted the gambling operator a provisional license.
The casino operator has a successful casino resort in Macau, which has seen record earnings in 2018. So, they may just push for the project to keep up the momentum of their growth.
On the other hand, the island could be closed for longer than expected. This is because of the extent of pollution in the ocean around it and the illegal structures we mentioned. It was closed on 26 April, and is expected to be closed off for the next six months. According to experts, this is too optimistic when the state of the island is considered.
No Decision Yet
Unfortunately, Galaxy Entertainment might just be hoping for the impossible. After all, President Duterte is vocal about his dislike of gambling in general. This is strange, since there are multiple casinos in the country already. However, a decision has not been reached about their casino plans on an official level.