Published on : Wednesday, December 13, 2017
Galaxy Entertainment Group Ltd’s billionaire Deputy Chairman Francis Lui met with Philippines President Rodrigo Duterte Wednesday to discuss gaming opportunities.
Galaxy Entertainment and its Philippines partner, Leisure & Resorts World Corp., plan to open a $300 million to $500 million casino on the resort island of Boracay, Philippine Amusement and Gaming Chairman Andrea Domingo said Thursday.
The casino operators are fanning across the Southern part of Asia to build new gaming resorts, and the Philippines’ loosening of the regulation of gaming and young population has made it an attractive destination.
The President Rodrigo Duterte’s bid to ease tensions with China is also helping to draw in gamblers from the mainland.
Melco Resorts & Entertainment Ltd. is now the only Macau-based casino operator that has a footprint in the enhancing the casino gaming and Philippines. Its $1 billion City of Dreams Manila, operated by the local unit of the operator, opened in Manila’s Entertainment City in 2015.