Thursday, December 3, 2020

Tag: boracay

Duterte states that executive order unnecessary for Boracay casino ban

ICR - Philippines regulatory asian
President Rodrigo Duterte has asserted that there is no need for him to issue an executive order to ban casinos on the central Philippine resort island of Boracay. The decision contradicts an earlier statement by Justice secretary Menardo Guevarra who had previously suggested that an executive order would be necessary. However, a later news report on 9 November indicated that Guevarra...

Galaxy Entertainment chair remains “confident” about prospect of Boracay IR

Lui Che Woo, Galaxy Entertainment
Galaxy Entertainment and its local partner Leisure and Resorts World Corp remain sanguine about the prospects for their proposed $500m integrated resort development on Boracay, while the government insists the project won’t be given the green light. Galaxy Entertainment chairman, Lui Che Woo, reaffirmed his confidence that the company will still be allowed to go ahead with its $500m integrated...

What’s behind Duterte’s antipathy towards casinos

DUTERTE
In the wake of the recent decision to ban all casinos on Boracay and the controversy surrounding Landing International’s licence for its Manila IR, President Duterte’s flip-flopping on the casino industry can’t be doing wonders for investor confidence suggests Edward Lowton. It’s hard to get a handle on the Philippine president’s Rodrigo Duterte’s position when it comes to the casino...

Philippine government to ban casinos on Boracay

ICR WEBSITE BORACAY
President Rodrigo Duterte once again appears intent on cracking down on the gambling industry in the Philippines, moving to ban all casinos on Boracay, after calling time on Galaxy Entertaiment’s plan to build an integrated resort on the popular tourist island earlier this year. While hopes had once again been raised that Galaxy Entertainment Group’s plan to build an integrated...

Boracay Island once again proves battleground for Duterte

ICR WEBSITE BORACAY
Leisure and Resorts World Corp has stated that its proposed $500m casino resort on Boracay Island, a partnership with Galaxy Entertainment Corp, is “on track to open in 2021.” The claim was made during the Philippines-based developer’s annual stockholders meeting on 27 July, despite contrary assertions from the office of president Rodrigo Duterte. “We’ve been working on the initial plans for...

Pagcor confirms Galaxy’s $500m Boracay IR project on hold

ICR 188 ASIA GALAXY
Philippines regulator Pagcor has announced that Galaxy Entertainment Group’s integrated resort project on Boracay is officially on hold. Pagcor has confirmed that a plan by Macau’s Galaxy Entertainment Group to build a $500m integrated resort on the island of Boracay is on hold until the company can convince president Rodrigo Duterte of its merits. “ have to probably explain to the...

Galaxy Entertainment’s Boracay plans finally succumb to Duterte’s decree

Duterte
Galaxy Entertainment Group’s proposed $500m Boracay island resort casino could finally be shelved after president Duterte issued a debarment. The Philippines resort, which was to be closed initially for a six-month environmental rehabilitation, will now be designated a land reform area. “Why would I give you a casino there,” said Duterte. “What will the Filipinos get out of it? Give it...

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