March 20, 2018 / 5:22 AM / 5 months ago

Philippines set to issue license to Galaxy's $500 mln casino resort

    MANILA, March 20 (Reuters) - Macau casino operator Galaxy
Entertainment Group Ltd           is set to bag a license for
its up to $500 million-integrated casino-resort project in
central Philippines, Manila's gaming regulator said on Tuesday.
    Galaxy's casino project in Boracay, the Philippines' most
famous holiday island, will push through despite the potential
one-year closure of the tourist spot for clean-up, Andrea
Domingo, chairman, Philippine Amusement and Gaming Corp
(Pagcor), said at a gaming conference.
    Gaming regulator Pagcor on Wednesday will sign and issue a
provisional license for Galaxy and its local partner Leisure and
Resorts World Corp        , Domingo said.
    Leisure and Resorts World had acquired a 23-hectare slot in
Boracay for the casino project.
    The Philippines' tourism, interior and environment ministers
last week recommended the closure of Boracay, which President
Rodrigo Duterte called a "cesspool", for up to one year. 
            
    Boracay, famous for its white sand beaches and vibrant night
life, welcomed more than two million domestic and foreign
tourists last year.    

 (Reporting by Neil Jerome Morales, Editing by Sherry
Jacob-Phillips)
  
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