Good Morning. High hopes, dashed upon pristine reefs. That’s the ongoing saga of the proposed casino development in Boracay, with Galaxy Entertainment shutting down ideas that it would be involved in another attempt to set up an integrated resort on the tourist island. The group’s local partner, DigiPlus, was aiming to restart talks, after authorities loosened their stance on new developments on the island. Meanwhile, Macau’s shift away from VIP has proven successful, with the mass market accounting for nearly 76 percent of gaming revenue in the third quarter.
What you need to know
- Galaxy Entertainment Group has negated recent speculation that it could resume talks for a casino project in Boracay, Philippines.
- Macau’s mass-market revenue reached $4.5 billion in 3Q23, accounting for some 76 percent of total gross gaming revenue.
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Despite attempts by the founder of Philippine gaming operator DigiPlus Interactive to restart talks on the development of a casino on Boracay island, Macau gaming operator Galaxy Entertainment Group has firmly denied that it will be involved in the project. Galaxy appears firmly focused on its Macau operations, ramping up its new phases and focusing its investment on its primary income source.
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