Galaxy eyes Philippines gaming market

Casino operator Galaxy Entertainment Group is looking to expand its gaming business to the Philippines, according to industry sources.

A subsidiary of Galaxy Entertainment Group, Galaxy Casino has reportedly chosen Negros Occidental Rep. Alfredo “Albee” Benitez as its local partner, reports The Star.

Benitez is the founder of Leisure and Resorts World Corp. (LRWC).

It is understood that the joint venture is looking to build an integrated casino resort in the Philippines with around $300 to $500 million in investment.

The site for the IR however, is yet to be determined.

“Several high tourist traffic areas are being considered but negotiations with local authorities are still ongoing,” said sources to The Star.

More news from this jurisdiction

PhilippinesThursday, Mar 22, 2018

The Philippines eGames industry is expected to grow significantly in the years ahead, with expansion likely to be seen in floor space, rather than in venue numbers, said a panel of experts at ASEAN Gaming Summit.

PhilippinesWednesday, Mar 21, 2018

Galaxy Entertainment Group said it plans to build a low-rise, eco-friendly resort on Boracay, which will be its first project outside of Macau.

PhilippinesTuesday, Mar 20, 2018

Malaysia’s Genting Group is planning an integrated resort on Boracay island at the Savoy Hotel, Philippine Amusement and Gaming Corp Chair Andrea Domingo told reporters at the ASEAN Gaming Summit.

PhilippinesTuesday, Mar 20, 2018

The Philippines is in a strong position to capture a growing share of the premium mass market to help diversify its tourism base, according to Bloomberg Intelligence.

PhilippinesMonday, Mar 19, 2018

Leisure & Resorts World Corp (LRWC) said one of its units has bought a 23-hectare site on Boracay island to develop a $500 million integrated resort with Galaxy Entertainment.

PhilippinesSunday, Mar 18, 2018

Galaxy Entertainment Group’s proposed $500 million casino in Boracay will be proceeding despite an impending closure of the island for up to one year.

PhilippinesThursday, Mar 15, 2018

Gaming Laboratories International has become the first independent accredited gaming test laboratory to successfully complete and issue IP Blocking Certificates for Philippine Offshore Gaming Operator (POGO) licensees.