PAGCOR: Galaxy’s $500 million Boracay casino resort on hold 260 SHARES Share it! Share TweetBy ReutersThe Philippine Amusement and Gaming Corp (PAGCOR) said a plan by Macau’s Galaxy Entertainment Group to build a $500 million integrated casino resort on Boracay island is on hold until the company can convince the president of its “advantages”. Macau’s Galaxy and local partner Leisure and Resorts World Corp last month bagged the provisional license for the casino project from the regulator. Galaxy told Reuters on April 23 it was seeking clarification from the Philippine side, following Roque’s comments. Duterte on Sunday said no casino would be put up in Boracay, and he did not approve any gaming project because of the “deleterious effects” of gambling.

Source: Manila Bulletin April 30, 2018 05:48 UTC