Galaxy Entertainment Confirms Move Into Philippines Investment
Galaxy Entertainment Group one of the largest casino operators in Macau are spreading their wings after officially announcing the company will look to open a casino resort in the Philippines.
There had been rumours the company were looking at the Philippines back in August but nothing was made official until deputy chairman of Galaxy Francis Lui released a statement naming Negros Occidental Rep. Alfredo “Albee” Benitez as its local partner.
It is reported that Galaxy will look to spend some $300 to $500 million on the resort in the Boracay region of the Philippines.
Mr Lui said, “We strongly believe the Philippines has great potential and offers attractive opportunities.”