Philippines President Rodrigo Duterte Says No to Boracay Casino, as Billionaire Fails to Woo President
Philippines President Rodrigo Duterte spoke publicly this week for the time that is first a proposed $500 million casino resort on Boracay, the country’s most popular vacation island, and the first choice’s remarks weren’t favorable to project developers.
The Boracay Island cleanup is underway, but Philippines President Rodrigo Duterte says it is not in order to make means for a future casino resort.
Galaxy Entertainment, a Hong Kong casino group led by billionaire Lui Che Woo, has partnered with Philippines-based Leisure & Resorts World Corporation in proposing a casino that is integrated on the island. The partnership obtained a provisional license from the Philippine Amusement and Gaming Corporation (PAGCOR), but Duterte said not too fast.
’the billionaires are known by you? They were of that island there clearly was fine for anything. They desire to build gambling enterprises there. I did not enable it,’ Duterte stated in a press briefing this week.
’There won’t ever be one,’ the president concluded regarding A boracay casino that is potential resort.
Galaxy and Leisure & Resorts World have acquired roughly 57 acres of land on Boracay’s southern end.
The area is currently closed as of April 26 to visitors at the direction of Duterte, who has called it a ’cesspool’ and ordered its cleanup by federal environmental agencies.
The closure is expected to cost the economy more than $36.5 million, and displace some 35,000 workers.
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