Galaxy Entertainment eyes integrated resort on ‘world’s best island’

Macau casino operator Galaxy Entertainment Group (GEG) is eyeing to construct a $500 million integrated resort at the heart of the Philippine island oasis of Boracay.

Bloomberg reported that GEG Deputy Chairman Francis Lui had a meeting with President Rodrigo Duterte on Wednesday in Manila to again discuss the casino operator’s intention to get a slice of the Philippine gambling market as the firm looks for new growth engines.

Galaxy’s expansion comes on the heels of China’s strict no-smoking policy in casinos and an ongoing crackdown against corruption in gaming territories like Macau.

Now that Beijing and Manila is mending their strained relationship, Lui said GEG wants to help China in fostering strong diplomatic relations with the Philippines through increased trade.