Francis Lui, Vice Chairman of GEG, said: “We would like to thank PAGCOR for their vote of confidence in granting GEG a provisional gaming license in the Philippines and the opportunity to strategically expand our brand into overseas markets. We are very excited about the prospect of investing up to US$500m into a proposed premium quality, low rise, eco-friendly resort development located in Boracay, the world’s premier beach destination.”
“We are pleased to support President Duterte and the Philippine government’s initiative for the managed and sustainable development of Boracay. Further, we will contribute positively to the local economy and actively partner with the Boracay community. We are confident that we will raise the bar in both resort quality and service and generate significant job opportunities in both construction and resort operations. This exciting project also clearly demonstrates GEG’s commitment to support China’s One Belt, One Road initiative,” Lui added.
Galaxy’s partner in the project, Leisure & Resorts World Corporation, recently bought a 23-hectare land in Boracay to build the integrated resort and casino.
Lui concluded: “Our local partner, Leisure & Resorts World Corporation, continues to assist in the land acquisition process for the planned development of a premium quality eco-friendly resort in Boracay, Philippines which will include a GEG casino. We believe the demand for Asian tourism will continue to experience significant growth in the years ahead and the proposed Boracay resort is very accessible and convenient to the Asian market.”
Source: GMB
