• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Tuesday 28 June 2022
  • 中文中文
  • 日本語日本語
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

Andrew Tan’s Alliance Global Group to develop second new Boracay casino

Ben Blaschke by Ben Blaschke
Fri 3 Sep 2021 at 06:09
Andrew Tan’s Alliance Global Group to develop second new Boracay casino
98
SHARES
2.4k
VIEWS
Print Friendly, PDF & Email

Philippines business conglomerate Alliance Global Group has outlined its intention to push forward with plans for a second new casino on the holiday island of Boracay following President Rodrigo Duterte’s decision to lift a moratorium on casino developments.

The project will likely be linked to a series of non-gaming projects already underway in Boracay Newcoast – a 150-hectare mixed-use leisure and resort development being built by Megaworld Corporation. Both Alliance Global Group and Megaworld are owned by billionaire mogul Andrew Tan.

In a statement sent to Philippines media outlet ABS-CBN News, Tan said, “We will proceed with our casino project in Boracay Newcoast. We already have several hotels there and we are still building more.

A separate statement from Megaworld added the project “will adhere to all government environmental policies,” with the company “committed to the protection of the environment in the island.”

It said that 60% of Boracay Newcoast “is dedicated to green and open spaces.”

Tan added that he remains “hopeful that the tourism industry in this island will recover fast after the pandemic.”

Boracay Newcoast

Both Alliance Global Group and Megaworld already have experience in the casino industry, with the former holding a 50% stake in Travellers International Hotel Group Inc, operator of Resorts World Manila. Travellers is also involved in Entertainment City’s Westside Resorts World project, which includes a US$1 billion hotel-casino being developed by Suntrust Home Developers. Suntrust counts Hong Kong-listed Suncity Group and Megaworld among its major investors.

Duterte last week lifted the moratorium he had placed on new casino developments in Boracay in 2018, citing a need for the Philippines to finds new revenue sources due to the financial impact of the COVID-19 pandemic.

RelatedPosts

Philippines power giant reveals plan to develop new Metro Manila IR

PAGCOR says US$43 million in uncollected POGO fees mostly accounted for

Mon 27 Jun 2022 at 16:05
2021 Asian Gaming Power 50: Ones to watch

“Casino king” Dhammika Perera asked to save Sri Lanka’s failing economy

Mon 27 Jun 2022 at 05:43
Pacific puzzle

Imperial Palace planning to reopen Saipan casino in November

Mon 27 Jun 2022 at 05:21
Oz Casinos: What now?

Blackstone completes acquisition of Australia’s Crown Resorts

Sun 26 Jun 2022 at 19:26
Load More
Tags: Alliance Global GroupAndrew TanBoracaycasinoMegaworldPhilippines
Share39Share7
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: The Philippines: Asia’s rising star

Editorial: The Philippines: Asia’s rising star

by Ben Blaschke
Mon 30 May 2022 at 23:55

Macau has for the best part of two decades been recognized as the undisputed king of Asia when it comes...

We’re Back!

We’re Back!

by Ben Blaschke
Mon 30 May 2022 at 23:39

While Macau’s operators have reached nine consecutive quarters of substantial GGR losses, the rest of Asia is opening up and...

Into the Sunset

Into the Sunset

by Pierce Chan
Mon 30 May 2022 at 23:29

Pawnbroking has a long history in Macau, dating all the way back to the late Qing Dynasty. The rapid development...

Metaverse: The ultimate destination marketing tool?

Metaverse: The ultimate destination marketing tool?

by Victoria White
Mon 30 May 2022 at 23:17

In the first of a two-part series, MdME’s Victoria White takes a closer look at the rising world of metaverses...

Related Posts

Confirmed COVID cases in Macau reach 391, and one 60-year-old lady severe

Confirmed COVID cases in Macau reach 391, and one 60-year-old lady severe

by Pierce Chan
Mon 27 Jun 2022 at 20:01

The number of confirmed cases of COVID in Macau has grown to 391, including a 60-year-old woman with difficulty in breathing who has been classified a “serious case” by the Health Bureau. According to the Novel Coronavirus Response Coordination Center,...

Philippines power giant reveals plan to develop new Metro Manila IR

PAGCOR says US$43 million in uncollected POGO fees mostly accounted for

by Ben Blaschke
Mon 27 Jun 2022 at 16:05

Philippines gaming regulator PAGCOR says it has already resolved more than a third of outstanding accounts receivable owed by Philippine Offshore Gaming Operators, as calculated by the Commission on Audit (COA). The COA revealed last week that Php2.33 billion (US$42.5...

Ongoing COVID outbreak in Macau up to 357 cases

Ongoing COVID outbreak in Macau up to 357 cases

by Pierce Chan
Mon 27 Jun 2022 at 10:15

The number of confirmed positive cases of COVID since the continuing Macau outbreak began on 19 June has reached 357. There were 96 new nucleic acid test (NAT) positive cases found in the past 24 hours. Of those cases, 50...

Macau government reminds gaming operators of importance of maintaining strict COVID-19 health measures on casino floors

Casinos told to reduce personnel, increase testing, as Macau COVID-19 outbreak reaches 299 cases

by Ben Blaschke
Mon 27 Jun 2022 at 06:07

Macau’s Gaming Inspection and Coordination Bureau (DICJ) has called on the city’s casino operators to reduce the number of personnel working on gaming floors and enhance testing and protection procedures as the city’s first major COVID-19 outbreak continues to grow....


HKUST

HKUST

Simple Play

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
  • 中文
  • 日本語

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