“Galaxy has said they are now looking for another venue. That is very much welcome,” Alegre told reporters during a Tuesday conference. Rappler <\/i>first reported the comments.<\/strong><\/p>\n<\/blockquote>\n“They just have to go through the process of accreditation, and securing again a new PAGCOR provisional authority. The whole process will be repeated,” Alegre concluded.<\/p>\n
Galaxy Entertainment didn’t respond to Alegre’s remarks, but Leisure & Resorts World Corporation, the local partner associated with the Boracay casino project, is.<\/p>\n
“Both parties (Galaxy and Leisure & Resorts World Corp) have not reached any final decision regarding its planned Boracay resort project. Following protocol, no change in the plan’s project location would be made without prior consultation and agreement from PAGCOR,” Leisure & Resorts World said a release.<\/p>\n
“Contrary to claims that Galaxy has abandoned its planned Boracay project, no such announcement has been made, nor communicated with PAGCOR,” the statement concluded.<\/p>\n
Provisional Licenses<\/b><\/h2>\n
Obtaining a provisional license in the Philippines does not authorize a company to engage in operating casino games.<\/p>\n
According to PAGCOR, “The provisional license is only the start of a very long and tedious process \u2026 that every integrated resort operator must go through before they can be issued by PAGCOR a ‘Notice to Commence Casino Operations’ and eventually, a regular casino gaming license.”<\/p>\n
Galaxy, if Alegre’s comments are true, is now back at the very beginning of the licensing process. If Boracay Island is indeed off limits, the company might look to Manila and Entertainment City where four integrated casino resorts are operating including City of Dreams, Okada, Resorts World, and Solaire.<\/p>\n","protected":false},"excerpt":{"rendered":"
Galaxy Entertainment is reportedly searching for a new spot to build its next casino resort after its $500 million plans on the Philippines’ Boracay Island recently came to a screeching halt. The Hong Kong-based casino operator led by billionaire Lui Che Woo is allegedly taking his half of a billion dollars and looking for a […]<\/p>\n","protected":false},"author":42,"featured_media":75638,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,18,13592],"tags":[],"acf":[],"yoast_head":"\n
Galaxy Entertainment Reportedly Searching for Casino Site After Boracay<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n