Sunday, June 26, 2022

Galaxy eyes Philippines gaming market


Casino operator Galaxy Entertainment Group is looking to expand its gaming business to the Philippines, according to industry sources.

A subsidiary of Galaxy Entertainment Group, Galaxy Casino has reportedly chosen Negros Occidental Rep. Alfredo “Albee” Benitez as its local partner, reports The Star.

Benitez is the founder of Leisure and Resorts World Corp. (LRWC).

It is understood that the joint venture is looking to build an integrated casino resort in the Philippines with around $300 to $500 million in investment.

The site for the IR however, is yet to be determined.

“Several high tourist traffic areas are being considered but negotiations with local authorities are still ongoing,” said sources to The Star.

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

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