Digital entertainment group DigiPlus Interactive Corp has reiterated that it does not yet have plans to develop its 24-hectare property in Boracay, Philippines.
According to statements in a briefing by the group’s president Andy Tsui, there are no “imminent plans” to develop the property into an integrated resort.
Tsui highlighted that the group will “remain focused on executing our digital transformation strategies, which give us a higher margin,” cited Business World.
DigiPlus was initially awarded a provisional gaming license by PAGCOR in 2018, alongside Macau casino concessionaire Galaxy Entertainment Group.
But in October of last year, Galaxy made it clear it was “not considering re-entering Boracay of the Philippines to develop a resort”.
Recent financial results from the group also made no mention of the Boracay project.
The envisioned Boracay IR was first estimated to cost around $500 million, but it’s unclear what the final fate of the expansive land will be.
DigiPlus recently also countered reports that it was planning on acquiring CasinoPlus, which holds a gaming license for an integrated resort in Clark.
It also expressed its keen interest in the Brazil iGaming market, announcing it had secured a federal license to operate.
