Your Daily Asia Gaming eBrief: Galaxy Entertainment negates plans for Boracay casino project

Good Morning. High hopes, dashed upon pristine reefs. That's the ongoing saga of the proposed casino development in Boracay, with Galaxy Entertainment shutting down ideas that it would be involved in another attempt to set up an integrated resort on the tourist island. The group's local partner, DigiPlus, was aiming to restart talks, after authorities loosened their stance on new developments on the island. Meanwhile, Macau's shift away from VIP has proven successful, with the mass market accounting for nearly 76 percent of gaming revenue in the third quarter.

What you need to know

• Galaxy Entertainment Group has negated recent speculation that it could resume talks for a casino project in Boracay, Philippines.
• Macau's mass-market revenue reached $4.5 billion in 3Q23, accounting for some 76 percent of total gross gaming revenue.

On the radar

• MGM’s Dubai IR project awaiting UAE approval: CEO.
• Macau’s gaming tax revenue reaches 90 percent of budget forecast through Sept.
• Delta Corp’s stock hits near three-year low with second tax blow in two months.
• The Star appoints Jessica Mellor as new CEO of its Gold Coast property.
• Mohegan announces departure of Chief Financial Officer Carol Anderson.
• Asia’s largest Hard Rock Hotel to open at Genting Highlands in 2027.
• Two-Day MGS Entertainment Show makes a November comeback.

AGB Intelligence

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