27 Mar Philippines President Rodrigo Duterte claims No to Boracay Casino, as Billionaire Fails to Woo President
Philippines President Rodrigo Duterte spoke publicly this week for the time that is first a proposed $500 million casino resort on Boracay, the united states's most popular vacation island, and the first choice's commentary weren't favorable to project developers.
The Boracay Island cleanup is underway, but Philippines President Rodrigo Duterte says it's not to make way for a casino resort that is future.
Galaxy Entertainment, a Hong Kong casino group led by billionaire Lui Che Woo, has partnered with Philippines-based Leisure & Resorts World Corporation in proposing an integrated casino resort regarding the island. The partnership obtained a license that is provisional the Philippine Amusement and Gaming Corporation (PAGCOR), but Duterte said not fast.
'the billionaires are known by you? These were of that island there is ok for anything. They need to build gambling enterprises there. I didn't enable it,' Duterte stated in a press briefing this week.
'There won't ever be one,' the president concluded regarding a potential boracay casino resort.
Leisure and galaxy& Resorts World have acquired roughly 57 acres of land on Boracay's southern end.
The area is currently closed at the time of April 26 to visitors during the direction of Duterte, who has called it a 'cesspool' and ordered its cleaning by federal agencies that are environmental.
The closure is expected to cost the economy more than $36.5 million, and displace some 35,000 workers.