• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Wednesday 10 August 2022
    • 中文
    • 日本語
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • Vietnam
  • Events
  • Consulting
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • Vietnam
  • Events
  • Consulting
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
No Result
View All Result

No talks yet with Galaxy on Boracay casino: LRWC

Ben Blaschke by Ben Blaschke
Thu 2 Sep 2021 at 13:19
22
SHARES
547
VIEWS
Print Friendly, PDF & Email

Philippines-based diversified gaming company Leisure and Resorts World Corp (LRWC) says there have been no discussions yet with its former partner, Macau’s Galaxy Entertainment Group, over resurrecting plans to develop a casino-resort on Boracay.

However the company remains committed to the project and hopes to resume talks soon, it said.

The update comes after Philippines news outlet GMA News Online reported that LRWC director Alfredo Abelardo Benitez had confirmed to them his intention to restart talks with Galaxy after the project was halted in 2018 by President Rodrigo Duterte.

Duterte last week lifted the moratorium he had placed at the time on new casino developments in Boracay, citing a need for the Philippines to finds new revenue sources due to the financial impact of the COVID-19 pandemic.

On Thursday, LRWC filed a clarification of its Boracay status with the Philippines Stock Exchange in response to the GMA News Online report.

“We would like to clarify that the company has yet to talk to our partner, Galaxy,” it said. “The Company is looking forward to the resumption of the discussions with Galaxy in view of the President’s go-signal for casino operation in Boracay.”

IAG has contacted Galaxy for comment.

As previously reported by IAG, the Philippines’ has launched a range of initiatives to generate additional funding during COVID, including the introduction pf a PIGO scheme under which licensed casino operators can offer online gaming services to registered customers. Some licensed sportsbooks have also been allowed to offer their services online for the first time.

RelatedPosts

Okada Manila operator Tiger Resort, Leisure and Entertainment to go public in 2019

Kazuo Okada claims son “manipulated” into turning against him

Wed 10 Aug 2022 at 03:38
We’re Back!

Solaire surge sees Bloomberry Resorts Corp revenue up 131% year-on-year in Q2

Mon 8 Aug 2022 at 12:41
10 Years Ago: The Star war

Casino at Crown Sydney to open today

Mon 8 Aug 2022 at 06:46
One Night in Kangwon

Sega Sammy: Japanese VIPs heading back to Paradise City

Mon 8 Aug 2022 at 05:49
Load More
Tags: BoracaycasinoGalaxy Entertainment GroupLeisure and Resorts World CorpPhilippines
Share9Share2
Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

Current Issue

Editorial: Silver linings

Editorial: Silver linings

by Ben Blaschke
Thu 28 Jul 2022 at 22:31

Given the extensive coverage of Macau’s COVID-induced woes of late, it would be easy to fall into the trap of...

Macau has fallen

Macau has fallen

by Andrew W Scott
Thu 28 Jul 2022 at 21:02

It’s official: Macau is no longer the center of the casino gaming universe. The Macau dream is over – for...

Back with a bang

Back with a bang

by Ben Blaschke
Thu 28 Jul 2022 at 20:39

Having set new attendance records each and every year since relocating to ICC Sydney in 2017, the Australasian Gaming Expo...

Singapore sling

Singapore sling

by Ben Blaschke
Thu 28 Jul 2022 at 20:28

G2E Asia is back in 2022 and headed to a brand new home, albeit planned to be a temporary one,...

Related Posts

Wynn Macau named Official Venue Partner for Asia’s 50 Best Restaurants 2022

Wynn Macau CEO sees no surprises on retendering process and understands government’s desire to diversify, response to be submitted 14 September

by Andrew W Scott
Wed 10 Aug 2022 at 07:17

The CEO of Wynn Resorts and Wynn Macau Limited, Craig Billings, says he sees no surprises in the ongoing casino concessionaire retendering process being conducted by the Macau government.

Macau entry restrictions placing Grand Lisboa Palace opening date in limbo: Angela Leong

SJM Resorts increases share capital to MOP$5 billion and local Managing director shareholding to 15% to comply with retendering process

by Andrew W Scott
Wed 10 Aug 2022 at 07:06

Macau casino concessionaire SJM Resorts has announced various changes to its Articles of Association including increasing its share capital from MOP$300 million to MOP$5.0 billion and increasing its non-voting “Type B” shares, held by its so-called “Managing Director”, from 10%...

Gaming, digital drive Light & Wonder to 5% year-on-year revenue gain in 2Q22

Gaming, digital drive Light & Wonder to 5% year-on-year revenue gain in 2Q22

by Ben Blaschke
Wed 10 Aug 2022 at 05:23

Global gaming giant Light & Wonder recorded consolidated revenue of US$610 million in the three months to 30 June 2022, up 5% over the same period last year on the back of strong growth in the company’s gaming business and...

More than 3,000 attend Australasian Gaming Expo on opening day

More than 3,000 attend Australasian Gaming Expo on opening day

by Ben Blaschke
Wed 10 Aug 2022 at 05:05

More than 3,000 people returned to the Australasian Gaming Expo (AGE) on Tuesday as the region’s largest gaming exhibition made its long-awaited comeback. According to information provided by the event’s organizer, the Gaming Technologies Association, there were 3,158 total visitors...


IAG

© 2005-2022
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 中文
  • 日本語

No Result
View All Result
  • 中文
  • 日本語
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Consulting
  • Magazines
  • Advertise
  • Contact
  • About

© 2005-2022
Inside Asian Gaming.
All rights reserved.