Galaxy Entertainment has publicly underscored its disinterest in pursuing an investment for an integrated casino resort on the Philippines vacation island of Boracay. This viewpoint came to light following media speculations that had been circulating about the DiGiPlus Interactive Group, previously known as Leisure & Resorts World Corp. prior to a rebranding movement earlier this year.
This group had reportedly urged Galaxy to revive their earlier collaboration to seek approval for the creation and operation of a casino resort on Boracay. Dismissing these speculations as baseless, representatives for Galaxy Entertainment Group definitively stated that Galaxy has no intentions of re-engaging with Boracay for resort developments.
The company’s focus, as communicated in a recent investor relations notification, is predominantly framed around the complete revival of business operations in Macau. This includes amplifying the activities of their newly launched Phase 3 of Galaxy Macau, coupled with the construction of Phase 4.
Galaxy sits comfortably among the six licensed casino operators in Macau, a Special Administrative Region of the People’s Republic in China.
In 2017, Galaxy and Leisure & Resorts World Corp had declared a joint venture to work on a $550 million casino resort on Boracay. The island, internationally renowned for its idyllic white sand beaches and crystalline blue waters, has lately been plagued by an inadequate sanitary infrastructure.
These setbacks, however, did not deter Galaxy or Leisure from their ambition to establish a casino at the vacation spot. This was until the Philippine Amusement and Gaming Corporation issued the duo a provisional license for the project, prompting an intervention from then-president Rodrigo Duterte. He denounced Boracay as a “cesspool” and halted the impending casino plans, sticking by his belief that casinos were not in the best interest of the Boracay people.
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The larger operations of Hong Kong-based Galaxy Entertainment are concentrated in Macau across their three integrated casino resorts, namely Galaxy Macau, Broadway Macau, and StarWorld Macau. Additionally, the corporation possesses a 4.99% stake in Monte Carlo SBM, a high-end French casino and hospitality enterprise. Included in the Monte Carlo SMB estate are Monaco-based Casino de Monte-Carlo, Casino Café de Paris and an exclusive selection of five luxury hotels sprinkled across France, along with a portfolio of 25 eateries and bars, four of which have Michelin stars to their name.
