Not even the six-month closure of the idyllic, Philippine island holiday destination of Boracay has stopped Macau-based casino operator Galaxy Entertainment Group (GEG) from proceeding with its $500 million integrated resort project.
GMA News Online reported that the controversial multi-million dollar casino resort in Boracay is on track for a 2021 opening despite recent reiterations from the Philippine government that the popular island getaway will remain casino-free.
GEG’s local partner, Philippine-listed gambling operator Leisure and Resorts World Corp. (LRWC), pointed out that the six-month rehabilitation of Boracay has not affected its casino project in the island since they were able to finish what they needed to do prior to the closure of the island.
This included the purchase of 23-hectare lot in Barangay Manoc-Manoc, which was considered to be ‘alienable and disposable’ property, according to LRWC vice president for legal affairs Katrina Nepomuceno. Nepomuceno has not given a definite timeline for the actual construction of the brick-and-mortar facility in Boracay but she said that the original 2021 opening of the integrated resort is achievable.