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LRWC looking forward to talks with Galaxy, no contact yet


Leisure & Resorts World Corp (LRWC) said it’s looking forward to the resumption of discussions with Macau’s Galaxy Entertainment for a casino on Boracay, but as yet there have been no talks.

The company made the clarification in a statement to the Philippines Stock Exchange.

LRWC and Galaxy had been planning a $500 million casino complex on the Philippine island. However, shortly after announcing they had been granted a license, President Rodrigo Duterte placed a moratorium on new casino projects and an outright ban on gambling on Boracay.

This week, the President has changed his stance, lifting the moratorium. He said the pandemic had changed the economic circumstances and the government needs to raise extra revenue.

Sharon Singleton
Sharon Singletonhttps://agbrief.com/about-asia-gaming-brief/
Sharon Singleton is a multi-media reporter with experience ranging from website management to reporting and editing for newspapers, news agencies and television. As Managing Editor she's been working with Asia Gaming Brief since 2013 and her specialties are: Business, current affairs, fluent in Italian, French, with working knowledge of Spanish.