The Galaxy Entertainment Group (GAG) has been licensed to build a resort on the Filipino island of Boracay. A large casino is also being built at the resort. Galaxy Entertainment Group is working with Leisure and Resorts World Corp to realize this major project. Both organizations are happy that the construction of the new resort can start, now that they have the required license.
Construction starts in 2019
The construction of the large resort on Boracay still needs to be prepared, but construction work can officially start in 2019. It takes about three years to build the large resort with casino. If the construction works go well, the resort can be opened in 2022.
Exciting weeks for Galaxy Entertainment Group
Galaxy Entertainment Group and Leisure and Resorts World Corp had some exciting weeks. When they had just bought a piece of land on the island of Boracay for their new resort, it was announced that the island would close for a year. The tourist island needs a major cleaning and this would be possible according to the government only if there were no people at all.
Fortunately it now appears that the construction of the resort with casino can continue. The Philippine Entertainment and Gaming Corp has simply issued the casino license. The organization has also indicated that construction can start in 2019.
$ 500 million for new resort
The new resort of Galaxy Entertainment Group and Leisure and Resorts World Corp will cost around $ 500 million. This is in any case the amount that the parties have invested together in the resort with casino. Given the high cost of the resort, it must be a great resort. Also the casino that should belong to the resort is likely to be very large and of high quality.
If more is known about the new resort of Galaxy Entertainment Group and Leisure and Resorts World Corp, we will of course share this information with you.