LRWC to decide on Boracay casino
The company hasn’t reached a final decision to complete its plan to build a casino-resort complex in Boracay, Philippines.
Philippines.- Leisure and Resorts World Corp. (LRWC) explained that it still has to reach a final decision with its partner Galaxy Entertainment Group Ltd. on their joint plan to develop a casino-resort complex in Boracay.
“LRWC continues to be in talks with its partner Galaxy Entertainment Group. Both parties have not reached any final decision regarding its planned Boracay resort project,” Katrina Nepomuceno, LRWC vice president and corporate secretary, told GMA News Online. She talked about the project after some rumours that stated Galaxy Entertainment had dropped its plan to build the complex.
“Following protocol, no change in plans or project location would be made without prior consultation and agreement with PAGCOR,” she said, adding: “Contrary to claims that Galaxy has ‘abandoned’ its planned Boracay project, no such announcement has been made nor communicated with PAGCOR.”
PAGCOR chairwoman Andrea Domingo also responded to rumours and stated that she has no information regarding a potential decision by the regulatory body to discontinue the project.
Tourism Undersecretary Ricky Alegre, who allegedly said the project was going to be dropped, said: “Last Saturday, we were asked to react to the question from a reporter to the report that Galaxy is looking for a new venue. And Secretary Wanda Teo replied that this is a welcome development because the inter-agency task force supports the President’s decision on no casino in Boracay.”
