Philippine president Rodrigo Duterte on Sunday said there was never any plan to put a casino in Boracay, local media reports.
“There will never be one” said Duterte in a press briefing after returning from the ASEAN Summit in Singapore.
“All of them made a courtesy call before they started on a project. They were of the belief that that island there is okay for anything. And since there are casinos there, they want to build casinos there. I did not allow it,” he said, quoted by Philstar.
Duterte was referring to a meeting that took place between Galaxy Entertainment executives and himself last December.
However, since then, there have been mixed messages whether the casino on the island will go ahead.
The president on Sunday said gambling has “deleterious effects” and should be reduced to the “barest minimum.”
This Dossier results from the “Life After POGOs” editorial project by Asia Gaming Brief which culminated with a pop-up digital forum on 9th December to discuss potentials ramifications in the industry.
A report from the Bank of Korea has highlighted the dire economic situation faced by Jeju’s eight casinos, including an estimate that their combined sales for 2020 will come in at less than a third of the figure recorded in 2019.
After a horrific year like 2020, what almost everyone wants to hear is that 2021 will be a year in which the world will gradually return to something like normality. That may very well be the story that develops over the course of the next twelve months, but no one should assume that a positive outcome is guaranteed.
While the pandemic may have brought tourism to a standstill, Suncity Group Holdings is showing no indication of slowing down its expansion plans in tandem, announcing an ambitious range of targets for 2021.
Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing
what 2020 may have had in store.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.